Kazi Mahmood Sattar, managing director of the bank, announced the inauguration of the new loan programme at a press briefing in Dhaka on Friday.

Individuals between 22 and 60 years of age and with a minimum income of Tk15,000 per month for salaried executives and Tk20,000 per month for businesspersons are eligible to avail the loan.

No personal guarantee will be required for the salaried executives of 'EBL priority organisations' comprising of multinational companies, banks and financial institutions, says a press release.