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 This bank will take approximately 1 month to review and approve your loan request.

Fees and Charges

One time set-up Penalties
Processing fee
1% on approved loan amount.

Service Charge
No Charge.
Early Settlement
2% on approved loan amount.

Late Payment Charges
3% on overdue amount.
Documentation Fees
No Charge.

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
You need only two guarantors to be approved for this loan.

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


Additional Details of DBBL Home Loan :

  1. Lock-in Period: 6 Months.
  2. Minimum Income Income RequirementFor 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).