Bank Asia House Finance

Bank Asia House Finance

A Very Interesting Package With Only 1% Processing Fee

Key Product Features

Interest Rate 11.50%
11.50%-13% and 11%-12.50% for commercial.
Interest Type Floating (Variable) Interest
Lock-in Period 1 year/s
Max. loan tenure 15 year/s
Islamic / Conventional Conventional
Approval duration 7 Working Days

Fees and Charges

One time set-up Penalties
Processing fee
1%

Service Charge
No Service Charge
Early Settlement
No Early Settlement Fee

Late Payment Charges
2% above the Interest Rate.
Documentation Fees
N/A

Property Valuation Charge
0.05% (BDT 10,000 Approximately)
Property Mortgage Charge
BDT 30,000 (Approximate Value)

Eligibility

Age requirement
Age 25 - 65

Min Income requirement
BDT30 000 gross per month

Documentation Requirements
See Other Requirements

Number of Guarantor
2

Employment Eligibility
See Other Requirements

Other requirements


1. Employment Eligibility:

  • Any Bangladeshi individual who has the means and capacity to repay bank loan. In specific terms, these could be salaried executives of multinational and middle to large size local corporate
  • Government officials, Officials working in reputed NGOs (Non-Government Organizations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed / self-employed/ tax-paying individual having a reliable source of income.
  • For salaried individual, minimum service length of 1 year and must be a confirmed employee. For Self-employed individual, a business record of minimum 3 years & Landlord having substantial rental income.

2. Documents Requirement:

  • Mortgage and original title deed
  • Irrevocable General Power of Attorney (IGPA)

Common Documents:

  • Latest 1 year personal bank statement
  • Latest Tax Clearance Certificate (where applicable)
  • Photocopy of National ID Card / Passport
  • Allotment Letter/ Allotment Agreement/ Bayna Deed for Home Loan
  • Registered ownership deed for Home Credit / Take Over Loan
  • Price quotation for Home Credit Loan

Salaried Individuals:

  • Letter of Introduction (LOI)
  • Latest 01year salary account statement

Businessmen:

  • Trade License for last 3 years
  • Latest 1 year bank statement of the company
  • Registered partnership deed for partnership company
  • MOA+ 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

Landlord:

  • Registered ownership deed
  • Rental deed
  • Copy of any utility bill (Electricity/ Water/Gas)