Objective
To purchase a flat for residential purpose in a residential/ commercial area having all amenities/ facilities like water, electricity etc.
Features and Benefits:
Owner of the property must be the main borrower
Loan Size: 70% of the flat value, maximum 1.20 Crore (which is lower). (Subject to change at Bangladesh Bank’s discretion).
Repayment Method: EMI, Loan Tenor: (10/12/15/18) Years.
Easy and Fast Processing
Eligibility & Requirements
Any Bangladeshi individual who has the means and capacity to repay the bank loan.
Monthly net income must be 2 times of loan installment
Min. age of 21 years and Max. age of 70 years at the time of maturity
Sets of documents based on requirements.
Security
Registered mortgage of the flat.
Registered Irrevocable General Power of Attorney
Personal guarantees
Required numbers of Post dated cheques covering all installments
Interest Rates and Fees
Attractive interest rate
No hidden cost