LankaBangla Home Loan

It is important to choose a good housing finance company which can handhold the customer right through his/her home buying process.

A new home brings with it new hopes, joys and emotions. At LankaBangla, we have shared new hopes, joys and emotions with our customers. Our home loan product is customized to provide your solutions with flexible option, guidance and more helping you to fulfill the housing needs.

Purpose of Home Loan:

• Home Loan to
• Purchase Apartment / House / Construction / Renovation
• Existing Residential & Commercial Building Extension / Renovation
• Plot purchase (within City Corporation / Pouroshova / RAJUK Approved Residential Area)
• Commercial space / Plot purchase
• Mortgage Loan for any purpose
• Deposit based Home Loan
• Existing Loan pay off/ Loan Takeover

WHY YOU CHOOSE LANKABANGLA HOME LOAN?

• Highest Loan Ceiling
• Moratorium period as per requirement
• Structured Repayment
• Loan facilities for Non-Resident Bangladeshi
• EMI calculation on  Monthly Reducing Balance Method
• Partial Prepayment or Early Settlement options at any time on outstanding principal amount.
• Approval of Home Loan before purchase of apartment
• Loan Disburse during the construction stage
• Disburse against Tripartite Agreement or Registered Mortgage
• Option to pay only interest during construction period
• Top Up facility
• Loan takeover facility
• Free ancillary services during the Loan Period
• Equal consideration and approval procedures for all professional including businessman
• Fixed and Variable Interest rate – anyone can choose.
• Considerable of partly cash salary
• Flexible option
• No Hidden cost

No Relationship Fee or Service charge!
For;

• any Phone call
• any letter issue
• any visit at Client’s Office or Home
• reducing or increasing loan tenure
• Tax / Loan outstanding certificate
• EMI cheque dishonor

Eligibility

• Applicant’s monthly income (minimum Tk.35,000), age (minimum 25 years), asset & liability statement, nature of job/business.

Loan Amount

• Apartment or House Purchase: Maximum 70% of the cost price (Including Car parking space and registration cost).
• Construction or Renovation of House/Apartment: Maximum 75% of the construction cost.
• Commercial Space: Maximum 70% of the purchase price (Including Car parking space and registration cost).
• Mortgage Loan for any purpose: maximum 60% of forced sale value of mortgaged property.

Tenure of Repayment

• Apartment or House Purchase:  Maximum 15 years term, subject to the borrower’s age not exceeding 65 years within the tenure of loan.
• Construction of House: Maximum 15 years, subject to the borrower’s age will not exceed 65 years within the tenure of loan.
• Mortgage loan for any purpose maximum 10 year’s subject to the borrower’s age will not exceed 65 years within the tenure of loan.

Interest Rate & Fees

We offer attractive variable interest rates and minimum fees.

Location

In locative area in Dhaka/ Narayangong/ Gazipur/ Chittagong/ Sylhet/ Comilla/ Feni/ Bogra/ Khulna/ Jessore/ Moulivibazar City/ Municipal Corporation/ Savar/ Tongi/ Uttar Khan/  Dakhkhin Khan/ Ranavola/ Keranigonj/ Sanir Akhra/ Rajuk Approved Residential Area/ CDA Residential Area/ CDA Approved Area.

Mode of Repayment

• Monthly Arrear basis
• Equated Monthly Installment.
• Step up Method

Disbursement

Total or Partial disbursement can be allowed depending on requirement of client. But Loan will be disbursed after investment of borrower's own and progress of construction works.

Collateral

Proposed property and/or any property acceptable to LankaBangla may be taken and collateral. Property is required to be Registered Mortgage as per Law prevailing in Bangladesh.

Fees & Charges

Processing fee is required to be paid with the application form and documentation fee is to be paid after approval.

Primary documents are required for initial assessment

for Salaried person;

Photocopy of National ID / Passport
Documentary evidence in support of Salary (Appointment Letter, Salary Certificate, Pay Slip)
Tin certificate and Tax Assessment Copy with IT10B
Bank statement for the last 1 (One) year of Personal A/C or Salary A/C

for Businessman;

Photocopy of National ID / Passport
Documentary evidence in support of Business (Trade license, Partnership deed, for limited company, Memorandum and articles of association)
Tin certificate and Tax Assessment Copy with IT10B
Bank statement for the last 1 (One) year of Business A/C and Personal A/C

How to apply

You can collect the home loan application form from any offices of LankaBangla free of cost or download from our website www.lankabangla.com and apply along with the relevant papers.

Home Loan application form

For details please send email along with contact number to homeloan@lankabangla.com, khurshed@lankabangla.com or send message from your mobile to 01819557295 we will call back you.

We buy your DREAMS!

Thank You.