Eastern Bank PLC review

Updated September 28, 2026 · BorrowCue Editorial Team · Facts checked September 26, 2026

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Our verdict

Eastern Bank PLC is a direct lender in Bangladesh, offering amounts of BDT 100,000 to BDT 4,000,000 over terms of 12 to 60. It suits salaried and professional borrowers who want a personal or guarantor loan from a bank they can repay early at no charge.

Key facts

Best for
A bank personal or guarantor loan in Bangladesh, with one stated fee and free early repayment.
Loan amount
BDT 100,000 to BDT 4,000,000 (Source, checked September 26, 2026)
Term
12 to 60 months (Source, checked September 26, 2026)
Arrangement fee
0.5% of the loan amount (Source, checked September 26, 2026)
Lender type
Direct lender (Source, checked September 26, 2026)
Free early repayment
Yes (Source, checked September 26, 2026)
Eligibility
Age 22 to 60 (salaried) or 65 (professional); at least 1 year 6 months with present employer, and minimum net monthly income BDT 20,000 to 30,000 depending on employer category (Source, checked September 26, 2026)
Origination fee (%)
0.5% (Source, checked September 26, 2026)
Loan types
Personal, Guarantor (Source, checked September 26, 2026)
Legal entity
Eastern Bank PLC. (Source, checked September 26, 2026)
Headquarters
Bangladesh (Source, checked September 26, 2026)
Founded
1992 (Source, checked September 26, 2026)
Support channels
Phone, Email (Source, checked September 26, 2026)
Official website
ebl.com.bd

Apps and profiles

Get the app
App Store
Elsewhere
WikidataWikipediaLinkedInyoutube.com

Pros and cons

Pros

  • Amounts of BDT 100,000 to BDT 4,000,000 stretch from a small need to a large purchase, and terms of 12 to 60 give room either way.
  • Free early repayment, so clearing the balance sooner costs nothing.
  • Eastern Bank PLC lends directly, so the bank sets the terms itself.
  • Personal and guarantor loans are both offered, which widens the routes into a loan.

Cons

  • An origination fee of 0.5% of the loan amount is charged on the loan amount.
  • Applicants need a minimum net monthly income and a minimum time with their present employer, and the income level depends on employer category.
  • Support runs on phone and email only.
Eastern Bank PLC

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Scored 9.1 / 10 by BorrowCue.

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Who it suits

  • Salaried and professional borrowers in Bangladesh who have a minimum time already served at their present employer.
  • Anyone planning to repay a bank loan over a term of 12 to 60, with the option to clear it early at no charge.
  • Borrowers who want the choice of a personal or a guarantor loan from the same bank.

Who should look elsewhere

  • Cashspace, whose amounts of PHP 500 to PHP 25,000 suit readers weighing a different market and currency from a Bangladeshi bank loan.
  • Monzo Flex, whose amounts of £10,000 to £35,000 sit in another market and currency, a different comparison from a Bangladeshi bank loan.

How Eastern Bank PLC compares

Where Eastern Bank PLC is available

Available
Bangladesh
Licence in Bangladesh
Bangladesh Bank, checked September 26, 2026

Countries from the brand (Source, checked September 26, 2026)

Frequently asked questions

How much can I borrow from Eastern Bank PLC?+

Amounts run BDT 100,000 to BDT 4,000,000, so a smaller need and a larger one both fit the same product. That sits well above the site median of €876.96 recorded for personal loans, though income and time with your employer set the real ceiling.

How long do I have to repay the loan?+

Terms run 12 to 60, so a short repayment schedule or a longer one both sit in range. Free early repayment means the balance can be cleared sooner at no extra cost, which suits anyone whose income rises or whose plans change.

What fees apply to an Eastern Bank PLC loan?+

The stated charge is an origination fee of 0.5% of the loan amount, charged on the loan amount. Repaying the loan early is free, so that fee is the cost to weigh before you sign. For context, the site median for personal loans is 12%.

Who regulates the bank?+

It operates under Bangladesh Bank in Bangladesh, and the lending entity is Eastern Bank PLC, in business since 1992. It lends as a direct lender, so the terms come from the bank itself rather than from a broker or marketplace.

Who can apply for this loan?+

Eligibility asks for adults within a stated age range, a minimum time with your present employer and a minimum net monthly income, with the income level set by employer category. Salaried applicants and professionals are both covered, and the loan types cover personal and guarantor borrowing.

How do I get in touch with support?+

Support runs on phone and email, so phone and email are the routes listed. A branch is not among the support channels given, which matters if you would rather talk to someone face to face.

How does it compare with online lenders?+

Eastern Bank PLC is a bank in Bangladesh offering amounts of BDT 100,000 to BDT 4,000,000, while Cashspace works at amounts of PHP 500 to PHP 25,000 and Monzo Flex at £10,000 to £35,000. Different currencies and markets mean the three are not direct substitutes, and the bank route suits borrowers who want a term of 12 to 60 with free early repayment.

Sources

  • ebl.com.bd/profile checked September 26, 2026

    Backs: Founded

    “August 8, 1992 Incorporated.”

  • ebl.com.bd/regulatory checked September 26, 2026

    Backs: Licences

  • ebl.com.bd/retail-loan/EBL-Assure checked September 26, 2026

    Backs: Loan amount, Eligibility, Free early repayment, Headquarters, Legal entity, Lender type, Loan types, Arrangement fee, Origination fee (%), Support channels, Term

    “Loan amount minimum BDT 1,00,000 - BDT 40,00,000 (or maximum 20 times of gross income whichever is lower)”

Compiled from 3 source pages, checked September 26, 2026. We did not open an account.

Not confirmed yet: APR, Credit check, Funding time, Representative example.

Related by the facts

Eastern Bank PLC

Eastern Bank PLC

A bank personal or guarantor loan in Bangladesh, with one stated fee and free early repayment.

9.1/10See alternatives

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