Woori Bank Home Loan

Woori Bank Home Loan

A great loan package having the lowest interest rate with quickest loan processing time

Key Product Features

Interest Rate 7.00%
Interest rate varies from 7% to 9% depending on the customer segment.Salaried persons and Businessmen can take Woori Bank Home Loan.
Interest Type Floating (Variable) Interest
Lock-in Period 1 year/s
Max. loan tenure 20 year/s
Islamic / Conventional Conventional
Approval duration Woori Bank will take approximately 7 to 15 working days to review and approve your loan request.

Fees and Charges

One time set-up Penalties
Processing fee
1.5% on approved loan amount.

Service Charge
No Charge
Early Settlement
2% of the Outstanding Amount

Late Payment Charges
500
Documentation Fees
No Fee

Property Valuation Charge
7000 TK
Property Mortgage Charge
অ্যাট অ্যাকচ্যুয়াল

Eligibility

Age requirement
Age 25 - 60

Min Income requirement
BDT80 000 gross per month

Documentation Requirements
See Other Requirements

Number of Guarantor
No Guarantor

Employment Eligibility
Experience: Minimum 3 Years Experience in Business is Required for Businessmen

Other requirements


  • Partial Prepayment Fee 2% of the prepayment amount.
  • CIB charge BDT 100.
  • Lock-in Period 6 Months.
  • Insurance Facility: Yes.
  • Insurance coverage: Yes.
  • Maximum Available Loan Amount is 70% .

Documents Required:

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:  

  1. Salary Certificate/ Letter of Introduction.
  2. Offer letter/Release letter from previous employer to prove service experience.
  3. 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.