MDB Home Loan

DESCRIPTION

Home is where the heart is. Experience and cherish your desired home with MDB Home Loan.

Title Details
Feature  
  • Home Loan for the purpose of :
    • Flat/Apartment Purchase
    • House Construction / Renovation / Extension / Completion
    • Takeover of existing home loan from any Bank / Financial Institution Loan Amount ranges from BDT 500,000 to BDT 12,000,000
  • Repayment tenure of 3 years to 20 years
  • Competitive interest rate
  • No Processing fee for Take over home loans from other Banks/ Financial Institutions
  • Early full settlement and partial settlement allowed
  • No hidden charges
  • Quick loan processing
  • Eligibility  

    Experience :

    • Salaried Executives : Minimum 2 years’ experience with 6 months employment with present employer
    • Self Employed : (Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant, IT Professionals etc.) with Minimum 2 years’ experience
    • Businessperson : Minimum 2 years of involvement in business
     

    Age :

    • Minimum : 21 Years
    • Maximum : 62 years (For Salaried), 65 Years (For Others) (at the end of loan tenor)
     

    Minimum Gross Monthly Income :

    • Govt. Employees : Minimum BDT 40,000 per Month
    • Salaried Exec. : Minimum BDT 50,000 per Month
    • Professionals/Businessperson : Minimum BDT 50,000 per Month
     

    Joint Application :

    • Joint application allowed
    Tenure :
    • Maximum 20 (Twenty) years
    Purpose :
    • Flat/Apartment Purchase
    • House Construction / Renovation / Extension / Completion
    Benefit :
    • No processing fee for loan takeover from other Bank & NBFI
    Taxes, Duty, Surcharges :
    • As per NBR circular
    Highest Amount :
    • Bank will finance maximum 70% of property value or BDT 1.20 crore whichever is lower

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