Purpose

• To construct semi pacca building
• To construct 1 (one) storied pacca building

Target Customer

• Salaried individuals
• Landlord / Landlady
• Wage Earners
• Self employed professionals
• Business person with income proof statements
• Other resident Bangladeshi individual with valid income sources

Borrower's Eligibility: Customers with-

• A valid plan (residential or commercial cum residential) with plan approval letter from competent authority [Union Parishad approved plan is not acceptable]
• Age : 18-65 years (co-applicant can be added from legal heir for covering age of principal borrower)
• For construction loan: already completed ground floor roof casting from own sources
• E-TIN with copy of return submission acknowledgement (if applicable)
• NID
• Satisfactory CIB report
• Rental income proof document (if any)
• Up to date property documents
• Business documents (trade license, partnership deed, form xii, etc) for businessperson
• Professional documents (for professional like BMDC certificate for doctors, etc)
• Other relevant documents as mentioned in the PPG, can avail home loan from MBPLC

Features & Parameters

• Loan limit: Maximum Tk 50.00 lac
• Maximum 70% of land value is considered for limit calculation. Building or structure value is not considered

• Plan is not required
• RCC base work must be done by customer own sources before loan processing

Pricing

• Interest rate 14.50% [Variable]
• Processing Fee:
  • 0.50% of loan amount if loan up to Tk 50 lac but maximum Tk 15,000/-
  • 0.30% of loan amount if loan above Tk 50 lac but maxlmum Tk 20,000/-
• Early settlement Fee: 0.50% of settlement amount
• Legal fee - At actual
• Valuation fee - At actual
• CIB Charge - Tk 200.00 per instance plus VAT
• Stamp Duty - At actual

Security

• Registered Mortgage & RIGPA
• Personal Guarantee
• Cheque