Eastern Bank PLC review

The credit card carries an annual fee of BDT 1,500. Its listed perks include a zero renewal fee with transactions, so the annual charge is waived while the card is being spent on. Rewards and lounge access come with it. Buying the card and using it lightly is the expensive route.

Purchases are charged at an APR of 25%, which is higher than the site median of 15.5%. An interest free period sits among the listed perks, so a balance cleared inside that window costs nothing. Keeping a balance beyond it is where the cost sits, and it is high.

The card is a credit card and rewards are listed as its feature. Its perks cover lounge access, contactless payments, a zero renewal fee with transactions and an interest free period. Together those add most of the value, so everyday spending and travel habits matter more than the annual fee.

Yes. A debit card runs on the visa network, so spending draws on the balance in the account rather than a credit line. It sits alongside the credit card, which suits people who want one card for everyday payments and a revolving card for larger purchases.

The savings account is easy access, and interest is paid twice a year, calculated on the lowest monthly balance rather than the closing balance. A balance of BDT 50,000 must be held to earn interest, so the account rewards a steady balance kept in place.

The headline rate is 3% and the rate type is variable, so the rate can move up or down. The site median for headline rates is 3%, which puts this account in the middle of the field rather than at either end.

Eastern Bank PLC is a direct lender offering personal and guarantor loans. Amounts run BDT 100,000 to BDT 4,000,000 over terms of 12 to 60, and an origination fee of 0.5% of the loan amount is added. Free early repayment means clearing the loan ahead of schedule carries no extra charge.

Eligibility is set by the bank: a minimum age that differs between salaried and professional applicants, a minimum time with the present employer, and a minimum net monthly income that depends on the employer category. The listed loan types are personal and guarantor, so a guarantor can stand in where a credit history is thin.

Eastern Bank PLC is supervised by Bangladesh Bank, the regulator listed for its home market. The bank was founded in 1992 and is headquartered in Bangladesh. Its savings, card and lending products all sit with the same licensed bank, which keeps one relationship for everyday money and borrowing.

Support runs through phone and help centre, covering phone and a help centre. That reaches card questions on the annual fee, rewards and the interest free period, and loan questions on eligibility and the origination fee. Both channels sit with the same bank that issues the card and the loans.