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  Housing Loan Housing loan is designed to enable those applicants who already own one property (Registered) and intend to buy a second property (house or an apartment). Features: ·          Up to AF20- million loans to established ·          Maximum tenor of 7 years with variable periods ·          Principle and interest shall be repaid in equal installments one month after draw down. ·          Competitive interest rates ·          Reasonable fees & charges ·          Reduced administrative requirements Who is eligible? -The applicant intend to purchase property, the location should be acceptable to the bank. -The applicant can share single or joint source of income (Family members’ income) -The applic...

Home Equity Loan This loan is designed for meeting the financial requirements of those individuals or joint family members, who are planning to renovate their house, pay medical bills, purchase second property and continue their higher education fees. Throughout this facility AIB is able to extend loan up to 30% annual income of the applicant in the case of joint members or individuals which are documented, the Home Equity Loans are secured by registered title deed which you require to mortgage your property under the name of bank until repayment of all the loan installments or end of contract. Loan details & Benefits: ·         Up to AF 5,000,000 loans are sanctioned ·         Registered title deed required for securing the loan ·         Maximum tenor of 24 months with variable periods ·         Competitive interest ...

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 ·  ...

Marabahah Real Estate Finance (House finance) Basis for pricing Fixed rate for different tenures Financing limit Up to 200,000 (USD)   Finance tenure Up to 5 Years Security / Collateral Requirements : ·         Original Copy of Title Deed (Qabala of Immovable Property) or any collateral acceptable for Bank ·         Properties are mortgaged in Bank’s favour. ·         Up to 30% of the total cost as down payment if the property itself ·         Terminal benefit (Pension) as cash Security (Salaried Individuals) Guarantee: ·         Personal guarantee by 1-2 Gov. Employees. “Salaried Individuals” ·         Two companies or business entities or any other Guarantee acc...

  Housing Improvement Loan (Urban) TYPE Housing Loan (Tameer) Currency USD / AFA Minimum Amount 200 dollars / AFA 14,000 Maximum Amount first cycle 10,000 dollars / AFA 700,000 Admin Fee 1 % of Disbursed Amount Maximum increment for loan renewal Subsequent loans, based on project requirement loan depending on repayment capacity, cost of improvement and collateral. Possibility to have two outstanding loans for a customer Yes, but the sum of the two loan amounts should not exceed 10,000 USD/ AFA 700,000 The debt ratio and repayment capacity of combined debts should stay within FMFB acceptable limits Maximum loan size as a percentage of property value The loan amount may not exc...

  Housing Improvement Loan (Rural) TYPE Housing Loan (Tameer) Currency USD / AFA Minimum Amount 200 dollars / AFA 14,000 Maximum Amount first cycle 10,000 dollars / AFA 700,000 Admin Fee 1 % of Disbursed Amount Maximum increment for loan renewal Subsequent loans, based on project requirement loan depending on repayment capacity, cost of improvement and collateral. Possibility to have two outstanding loans for a customer Yes, but the sum of the two loan amounts should not exceed 10,000 USD/ AFA 700,000 The debt ratio and repayment capacity of combined debts should stay within FMFB acceptable limits Maximum loan size as a percentage of property value The loan amount may not exc...