Cottage Loan

Purpose

  • Construction of 1-storied pucca/semi-pucca building/rooms having utility facilities.

Eligibility

  • Any Bangladeshi resident (singly or jointly with spouse/son/daughter)

Loan limit

  • Maximum Tk.30.00 lac

Tenure

  • 10 years with 1-6 months grace period.

Age Limit

  • 21-60 years

Interest Rate

  • Competitive Interest Rate.

Loan-Equity Ratio

  • 70:30 for construction purpose

Construction Cost

  • Maximum Tk.800/- per sft

Customer Segment

Salaried Person
Employees of Govt./Autonomous Bodies/Banking or Non-banking Financial Institution/ Public Limited Company/ Private Limited Company having Corporate Structure/Multinational Company/ Teachers of any school/ college/University

Professional/Self-employed
Doctors/Engineer/Accountant/IT Professional/Management Consultant/Landlord

Businessman
Businessman having at least 3 years of length of business


Required Documents

  • Employer’s Certificate (stipulating monthly remuneration) for service holder.
  • National ID
  • TAX return receipt
  • PNS (Personal Net-worth Statement)
  • Bank Account Statement for last 6-12 months
  • Trade license (applicable for businessman)
  • Photocopy of Passport, Telephone (T&T) bill if any
  • Income supported by documents
  • Property documents
.

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