Home
Loan
Product
Type & purpose:
1.
Home
Loan
Financing against purchase of your
under-construction / semi-completed/Completed/Secondhand Apartment of house
2.
Home
Credit
Financing against renovatio /extension/construction
of your own home
3.
Takeover
Financing against transfer of the current balance of
your existing housing loan to BRAC Bank
Customer
Segment & Eligibility
Salaried
Individuals:
·
Total job experience s minimum 3 years
& must be permanent in current job
·
Minimum income is BDT 25000
Businessmen
/ Self Employed individuals / Landlords
·
Owner / Director of Proprietorship /
Partnership / Private Limited Company
·
Total business experience is minimum 3
years
·
Minimum income is BDT 30000
Product
Features:
·
Interest rate starting from 8.75%*
·
Owner of the property must be the main
borrower
·
Mortgage Property location
·
Property Must be
·
Applicants must be a permanent resident
of Bangladesh
·
Minimum age of 25 years & maximum
age of 65 years at the time of maturity
·
Competitive Interest Rate
·
Maximum loan tenure is 25 years*
·
Property must be located within any city
corporation municipality area
Common
Documents:
-Latest 1 year personal bank statement
-Latest Tax clearance certificate /return receipt of
tax*
- Photocopy of National ID Card / Passport
- Letter/ Allotment Agreement/ Byna Deed for Home
Loan
- Registered ownership deed for Home Credit / Take
Over Loan
- Price quotation for Home Credit Loan
Salaried
individuals:
-Letter
of introduction (LOl)
-Latest 01 year salary
account statement
Businessmen:
-Trade
License for last 3 years
-Latest
01 year bank statement of the company
-Registered
partnership deed for Partnership Company
-IMOA+
Certificate of incorporation+ Latest Schedule X for Private Limited Company
Self-Employed:
-Certificate
of membership of respective professional association
-Declaration
on self-pad along with seal
-Certificate
of a professional degree
Land
Lord:
-Registered
ownership deed
-Rental
deed
-Copy
of any utility bill (Electricity/ Water/Gas)
Comments