BRAC Bank Home Loan
BRAC Bank home loan financing against the purchase of your under-construction/semi-completed/completed/secondhand apartment or house.
Key Product Features
Interest rate varies from 8.50% to 11.5% depending on the customer segment.
|Interest Type||Floating (Variable) Interest|
|Lock-in Period||1 year/s|
|Max. loan tenure||25 year/s|
|Islamic / Conventional||Conventional|
|Approval duration||BRAC Bank will take approximately one month to review and approve your loan request.|
Fees and Charges
|One time set-up||Penalties|
1% on approved loan amount.
Late Payment Charges
Property Valuation Charge
Property Mortgage Charge
Age 25 - 65
Min Income requirement
BDT25 000 gross per month
See Other Requirements
Number of Guarantor
You need one guarantor to be approved for this loan.
For Salaried Individuals : Total job experience s minimum 3 years & must be permanent in current job & Minimum income is BDT 25000. For Businessmen : Total business experience is minimum 3 years & minimum income must be at least BDT 30,000.
- Latest 1-year personal bank statement.
- Latest Tax clearance certificate /return receipt of tax
- Photocopy of National ID Card / Passport.
- Letter/ Allotment Agreement/ Byna Deed for Home Loan
- Registered ownership deed for Home Credit / Take Over Loan
- Price quotation for Home Credit Loan
Additional Required Documents :
For Salaried Individuals :
- Letter of introduction (LOl).
- Latest 01-year salary account statement.
For Businessmen :
- Trade License for last 3 years.
- Latest 01-year bank statement of the company
- Registered partnership deed for Partnership Company
- IMOA+ Certificate of incorporation+ Latest Schedule X for Private Limited Company