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.
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