UCB Home Loan

UCB Home Loan

A Very Attractive Home Loan Package With No Early Settlement Fee

Key Product Features

Interest Rate 9.50%
Maximum loan amount is limited to BDT 1 crore.
Interest Type Floating (Variable) Interest
Lock-in Period 1 year/s
Max. loan tenure 10 year/s
Islamic / Conventional Conventional
Approval duration United Commercial Bank will take approximately 10 to 15 working days to review and approve your loan request.

Fees and Charges

One time set-up Penalties
Processing fee
1%

Service Charge
Below 10 lac 1.50% & above 10 lac 1.00% on loan amount 		Early Settlement
No Fee

Late Payment Charges
2% on Overdue Amount
Documentation Fees
No fee

Property Valuation Charge
At Actual 		Property Mortgage Charge
At Actual

Eligibility

Age requirement
Age 25 - 65

Min Income requirement
BDT25 000 gross per month

Documentation Requirements
See Other Requirements

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

Employment Eligibility
See Other Requirements

Other requirements


  • Maximum Available Loan Amount is 70% .
  • Lock-in Period 6 Months.
  • Minimum Income: BDT 25,000 for Salaried Individuals and BDT 50, 000 for Businessmen.
     
  • Employment Eligibility: Any Bangladeshi (Singly or jointly with other co-owners/co-borrowers e.g. spouse/son). Employees of Govt./ Semi Govt./ Autonomous body, Employees of financial institution Employees of different Public Limited Company/ Private Limited company having Corporate Structure, Teachers of any school/ college/ university, Doctor, Engineer, Accountants, Businessman (having two years of experience both salaried individual and businessman), Landlord having significant rent income.
     

Documentation Requirements:

Common Documents for all:

  1. Recent passport size color photographs of applicant(s) and guarantor(s).
  2. Photocopy of NID/passport/ driving license of applicant(s) and guarantor(s).
  3. Copy of latest utility bill (gas/water/electricity/municipal tax).
  4. Business card/office ID copy of applicant(s) and guarantor(s) if any.
  5. Latest tax certificate/E-TIN.
  6. Personal net worth statements of applicant(s) and guarantor(s).
  7. Bank statement of last 12 months for businessmen and 6 months for other categories.
  8. Rent or lease agreement of house/property (if applicable).
  9. Professional certificate issued by concerned institution.

Additional documents required for Salaried Person/Self Employed:  

  • Salary Certificate/ Letter of Introduction.
  • Offer letter/Release letter from previous employer to prove service experience.
  • Professional certificate issued by concerned institution.

Additional documents required for Businessmen:

  1. Copy of trade license.
  2. Memorandum of Association and Articles of Association of the company.
  3. Certificate of Incorporation.
  4. Latest form xii.
  5. Partnership deed.