Purpose

• Purchasing apartment(s)
• Constructing new House(s)
• Renovation of existing Building or Apartment(s)
• Taking over of House Building Loans from other Banks / Non-Bank Financial Institutions.

Eligibility

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

Loan Limit

• 120.00 lac

Tenure

• 25 years for construction of building & 20 years for purchasing of flat with maximum 3 to 12 months grace period in both the cases.
• For taking over loan, remaining loan period with existing financer or 10 years whichever is lower will be applicable.

Age Limit

• Minimum 21 Years. Maximum 65 years at the time of loan maturity for service holders & 70 for others

Minimum Land Area

• 1.75 katha/2.89 decimal

Interest Rate

• Competitive Interest Rate.

Loan-Equity Ratio

• 60:40 for construction & renovation purpose
• 70:30 for purchasing of apartment
   

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 12 months
• Trade license (for businessman)
• Photocopy of Passport, Telephone (T&T) bill if any
• Income supported by documents
• Approval from RAJUK/competent authority
• Property documents