Prime Bank Swapna Neer Home Loan
A loan package having quickest loan processing time.
Key Product Features
| Interest Rate |
10.50% Interest rate may vary from 10.5 to 12 per cent depending on the customer segment.Maximum loan tenor is 25 years. |
|---|---|
| Interest Type | Floating (Variable) Interest |
| Lock-in Period | 1 year/s |
| Max. loan tenure | 25 year/s |
| Islamic / Conventional | Conventional |
| Approval duration | Prime Bank will take approximately one month to review and approve your loan request. |
Fees and Charges
| One time set-up | Penalties |
|---|---|
|
Processing fee No Processing Fee Service Charge No Charge |
Early Settlement 2% of the outstanding amount Late Payment Charges N/A |
|
Documentation Fees At Actual Property Valuation Charge BDT 2500.00 or at actual |
Property Mortgage Charge At actual |
Eligibility
Age requirement
Age 22 - 65
Min Income requirement
BDT45 000 gross per month
Documentation Requirements
Check Other Requirements
Number of Guarantor
You need one guarantor to be approved for this loan.
Employment Eligibility
For permanent and confirmed salaried person, minimum one (1) year experience with 6 months employment in present organization. For Businessmen one (1) year experience in the same line of business.
Age 22 - 65
Min Income requirement
BDT45 000 gross per month
Documentation Requirements
Check Other Requirements
Number of Guarantor
You need one guarantor to be approved for this loan.
Employment Eligibility
For permanent and confirmed salaried person, minimum one (1) year experience with 6 months employment in present organization. For Businessmen one (1) year experience in the same line of business.
Other requirements
Required Documents :
- Recent passport size color photographs of the applicant (s) and guarantor (s).
- Photocopy of NID/passport/ driving license of the applicant (s) and guarantor (s).
- Copy of latest utility bill (gas/water/electricity/municipal tax).
- Business card/ office ID copy of applicant (s) and guarantor (s) if any.
- Latest tax certificate/E-TIN.
- Personal net worth statements of the applicant (s) and guarantor (s).
- Bank statement of last 12 months for businessmen and 6 months for other categories.
- Rent or lease agreement of house/property (if applicable).
- Additional documents required for Salaried Person/ Self Employed
- Salary Certificate/ Letter of Introduction.
- Offer letter/Release letter from the previous employer to prove service experience.
- Professional certificate issued by the concerned institution.
Additional documents required for Businessmen :
- Copy of trade license.
- Memorandum of Association and Articles of Association of the company.
- Certificate of Incorporation.
- Latest form xii.
- Partnership deed.
- Additional documents required for Landlord/Landlady
- Title deed of premises/property.
- Valid rental deed with tenants.
- Utility bill copy.
- Ground rent payment and municipal tax payment receipt.
Additional documents required for Landlord/Landlady :
- Title deed of premises/property.
- Valid rental deed with tenants.
- Utility bill copy.
- Ground rent payment and municipal tax payment receipt.