IPDC offers loans for Covid-19 patients

IPDC Finance has launched a new loan product called ‘IPDC Aroggo’ to give financial aid to patients infected with Covid-19.

Customers who have a fixed deposit account with IPDC will get this loan at a 0 per cent spread rate which means loan rate will be the same as Fixed Deposit rate.

If someone does not have a deposit account in IPDC, he will be given a personal loan under ‘IPDC Aroggo’ for treatment, said a press release.

‘IPDC Aroggo’ loan is applicable when the Covid patient needs to be admitted to a hospital for treatment. The Covid patient must be a family member (parents, siblings, and spouse) of the applicant.

The minimum loan amount under IPDC Aroggo is Tk 50,000. In case of Personal Loan, the maximum loan amount is Tk 500,000.

Savrina Arifin, the Head of Retail Business of IPDC Finance said, “As a socially responsible firm, IPDC has always tried to make significant contribution towards society through its services.

Amid the ongoing pandemic, ‘IPDC Aroggo’ is one such effort to respond to the need of the community. We hope this loan service will be really helpful to many.”

Since the beginning of pandemic, IPDC Finance has stood beside people with various public welfare activities so far. ‘IPDC Aroggo’ is a new addition to that long list.

IPDC Finance Limited is a private sector financial institution of the country.

This is a public limited company and listed in both Dhaka Stock Exchange and Chittagong Stock Exchange.