Eastern Bank Limited Home Loan

Eastern Bank Limited Home Loan

No Processing Fee for Takeover Loan

Key Product Features

Interest Rate 8.50%
Shortest loan processing time
Interest Type Floating (Variable) Interest
Lock-in Period 1 year/s
Max. loan tenure 20 year/s
Islamic / Conventional Conventional
Approval duration 15 to 25 Working Days

Fees and Charges

One time set-up Penalties
Processing fee

Service Charge
Early Settlement

Late Payment Charges
Documentation Fees

Property Valuation Charge
At Actual
Property Mortgage Charge
At Actual


Age requirement
Age 22 - 60

Min Income requirement
BDT40 000 gross per month

Documentation Requirements
See Other Requirements

Number of Guarantor

Employment Eligibility
Any credit worthy individuals with a minimum of three (3) years experience like: »Salaried executives »Self Employed : Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant & IT Professionals »Businessperson »Landlords

Other requirements

  1. Insurance Facility: Yes
  2. Insurance coverage: Yes
  3. Security Replacement Fee: BDT 500
  4. No Processing fee for Takeover home loans from other Banks/ Financial Institutions.

Property Features:

  • i. Loan facility for both Lease hold and free hold properties.
  • ii. TPA (Tri-Partitement) allowed for up to 18 months from the date of the loan disbursement.

Maximum Available Loan Amount is 70%

Documents Required:

Common Documents for all:

  1. Recent passport size color photographs of applicant(s) and guarantor(s).
  2. Photocopy of NID/passport/ driving license of applicant(s) and guarantor(s).
  3. Copy of latest utility bill (gas/water/electricity/municipal tax).
  4. Business card/office ID copy of applicant(s) and guarantor(s) if any.
  5. Latest tax certificate/E-TIN.
  6. Personal net worth statements of applicant(s) and guarantor(s).
  7. Bank statement of last 12 months for businessmen and 6 months for other categories.
  8. Rent or lease agreement of house/property (if applicable).
  9. Additional documents required for Salaried Person/Self Employed:  
  • i. Salary Certificate/ Letter of Introduction.
  • ii. Offer letter/Release letter from previous employer to prove service experience.
  • iii. Professional certificate issued by concerned institution.

Additional documents required for Businessmen:

  1. Copy of trade license.
  2. Memorandum of Association and Articles of Association of the company.
  3. Certificate of Incorporation.
  4. Latest form xii.
  5. Partnership deed.

Additional documents required for Landlord/Landlady:

  1. Title deed of premises / property.
  2. Valid rental deed with tenants.
  3. Utility bill copy.
  4. Ground rent payment and municipal tax payment receipt.

Applicants can get a loan amount of maximum 50 times of their net monthly income.

For renovation purpose loan: applicant has to show the quotation to the bank.