Bullet is similar kind of Retail SOD (FO) product. Basic differentiation of bullet is that, approved Over Draft (OD) limit will be withdrawn & repayable by customer under one single phase.
Purpose
Any legitimate purpose for personal use
Features
Option of multiple financing facilities for single customer
More flexible security instrument criteria
Early settlement facility (Full/Partial). Minimum settled amount must be at least 25% of utilized amount
No early settlement fee
Competitive interest rate
Minimum documentation
Minimum age (At the time of application): 18 years
Maximum age: 70 years at the time of applying for facility
Loan Amount
Minimum: BDT 50,000
Maximum: Any amount but within the range of allowed loan to security instrument value
Tenure
Up to 12 months
Security
FDR/Scheme/ WEDB /USDPB/USDIB maintained with Prime Bank
Philosophy 
