Problems and Suggestions Regarding Consumer Credit in Bangladesh

19 Pages Posted: 24 Dec 2008 Last revised: 23 Jan 2009

See all articles by Mohammad Shamsuddoha

Mohammad Shamsuddoha

University of Chittagong; Western Illinois State University

Date Written: December 23, 2008


problems relating consumer credit scheme, which is identified by the consumer credit customers. These problems are high interest rate, high processing fees, lengthy procedures, difficult to proof actual income, huge documentations, delay response from the bank employee, quotation providing problems, lack of cordial behaviour, small frame of time, hidden charges, insufficient financial support, negative attitude towards low income group, late payment fees are so high, early prepayment fees are too high, clumsy application form, critical procedure and guarantor problems. Most of the customers of the relevant sample banks identified problems in their own banks.

Keywords: Problems, Suggestions, Bank, Personal Loan, Bangladesh

Suggested Citation

Shamsuddoha, Mohammad, Problems and Suggestions Regarding Consumer Credit in Bangladesh (December 23, 2008). Available at SSRN: or

Mohammad Shamsuddoha (Contact Author)

University of Chittagong ( email )

Department of Marketing, Faculty of Business Admin
University of Chittagong, Bangladesh
Chittagong, Chittagong 4331


Western Illinois State University ( email )

School of Management and Marketing
Macomb, IL 61455
United States
61455 (Fax)


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