| Product Description |
| 1 |
Purpose of the Loan |
To support Customers for purchase of flat, house, construction of new house, extension etc. |
| 2 |
Nature of Loan |
Term loan |
| 3 |
Tenure of the Loan |
10 years (including max. 1 year grace period) |
| 4 |
Eligibility (Only for professionals- Management consultant, Doctor, Engineer, etc.) |
Monthly surplus income shall be at least two times of the installment amount.
33% of monthly net income should be equal or higher than the installment.
|
| 5 |
Limit |
Tk.3,00,000-to-Tk.30,00,000.00 |
| 6 |
Documents/Securities |
Employer/Authority’s, personal, Spouse guarantee, hypothecation, Post dated cheque, Others. |
| 7 |
Debt Equity Ratio |
Up to 50:50 |
| 8 |
Down payment |
Maximum 20% |
| 9 |
Rate of Interest |
Two years treasury Bills Rate+7%, but minimum 15% (flexible) |
| 10 |
Mode of repayment |
Monthly equal installment |
| 11 |
Implication of Interest |
Quarterly compound on the rest amount |
| 12 |
Processing fee |
@0.5% on sanctioned amount, or minimum Tk.5,000.00 at the time of disbursement |
| 13 |
Disbursement |
Payment to be made by crediting to the Customer’s Savings/Current account |
