DBBL Home Loan

DBBL Home Loan

DBBL home loan is a Very Interest Package With Only 1% Processing Fee or BDT 3000

Key Product Features

Interest Rate 8.50%
A Very Interest Package With Only 1% Processing Fee or BDT 3000. 9% for renovation purpose.
Interest Type Floating (Variable) Interest
Lock-in Period 1 year/s
Max. loan tenure 25 year/s
Islamic / Conventional Conventional
Approval duration Minimum 1 Month

Fees and Charges

One time set-up Penalties
Processing fee
1%

Service Charge
N/A
Early Settlement
2%

Late Payment Charges
3%
Documentation Fees
N/A

Property Valuation Charge
0.05 % of Property Valuation.
Property Mortgage Charge
BDT 4,000 to BDT 5,000

Eligibility

Age requirement
Age 22 - 65

Min Income requirement
BDT25 000 gross per month

Documentation Requirements
See Other Requirements

Number of Guarantor
2

Employment Eligibility
Corporate Client, Individual Client (ie. business person and others), Executives of Multinational Company, Executives of Bank / Non Financial Institution, Doctor/Engineer/Chartered Accountants/Defense Officers/Teaching Staff of Reputed Institution).

Other requirements


1. Lock-in Period: 6 Months

2. Minimum Income Income Requirement:

For Professionals and Salaried Person: BDT 30,000.

For Businessmen: BDT 30,000.

3. Insurance Facility: Yes

4. Financing for Registration Cost: No Fee

5. Can I Avail Municipality Holding Tax: Yes

6. Can I Avail Income Tax Rebate: Yes

7. Maximum Loan Amount: BDT 1,20,00,000 For Flat purchasing and BDT 3,00,00,000 for Renovation & Construction.

8. Maximum Tenure:

New Flat: 25 Years,

Old Flat 20: Years

Renovation: 15 Years

9. Maximum Available Loan Amount: 75%

10. For construction building loan, Minimum 1 floor must be completed for getting approved.

11. Documentation Requirements:

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