EBL Home Credit

EBL Home Credit

EBL Home Credit is a loan package having the lowest interest rate.

Key Product Features

Interest Rate 8.50%
A loan package having lowest interest rate.
Interest Type Fixed Interest
Lock-in Period 1 year/s
Max. loan tenure 25 year/s
Islamic / Conventional Conventional
Approval duration Easter Bank will take approximately one 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
1%
Early Settlement
2% on overdue amount

Late Payment Charges
N/A
Documentation Fees
At actual.

Property Valuation Charge
At actual
Property Mortgage Charge
At actual

Eligibility

Age requirement
Age 25 - 65

Min Income requirement
BDT30 000 gross per month

Documentation Requirements
See Other Requirements.

Number of Guarantor
You need one guarantor to be approved for this loan.

Employment Eligibility
Minimum 3 years of working experience of Salaried Employees, Self-Employed and Businessmen.

Other requirements


Required Documents for Applicant
 
For Salaried Executives
  •  National ID/ Passport copy 
  • Recent colored photo 2 copy 
  • Letter of Introduction (LOI) as per EBL format 
  • Offer letter and release letter from previous employer to prove 3 years’ service experience (if applicant employment period in present service is less than 3 years) 
  • Pay slip latest 3 month showing all breakdown (if any) 
  •  Bank statement latest 12 month 
  • TIN certificate and latest tax return acknowledgement copy
For Self-employed/Professionals
  • National ID/ Passport copy 
  • Recent colored photo 2 copy 
  • Certificate of professional degree and certificate of membership from professional body (for 3 year practice proof) 
  • Declaration for practice income 
  • Bank statement latest 12 month 
  • TIN certificate and latest tax return acknowledgement copy
For Businessman
  • National ID/ Passport copy 
  • Recent colored photo 2 copy 
  • Trade licence copy (latest 3 years and inception) 
  • Certificate of incorporation (for LTD CO.) 
  • Memorandum of article association, latest schedule X & XII (for LTD CO.) 
  • Registered partnership deed from partnership concern(for partnership business) 
  • Bank statement latest 12 month (Company & self) 
  • TIN certificate and latest tax return acknowledgement copy
For Land lord/ Land Lady
  • National ID/ Passport copy 
  • Recent colored photo 2 copy 
  • Title deed of rented property 
  • Valid rental deed copy 
  • Bank statement latest 12 month with 30% rental income reflection 
  • Utility bill copy in the name of applicant for rented property 
  • TIN certificate and latest tax return acknowledgement copy 
  •  Requisite Property documents for application CityJorip Mutation 
  • Approved building plan along with approval letter from concerned authority 
  • A set of property documentation for legal vetting and valuation