Home Loan

Product
Summary

Home is a dream of a person that shows the quantity of efforts, sacrifices luxuries and above all gathering funds by little to afford one’s dream. Home is one of the things that everyone wants to own. Home is a shelter to person where he rests and feels comfortable.

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 solutions with flexible option, guidance and helping one to fulfill the housing needs.

Why choose our
Home Loan

Highest loan ceiling of BDT 100 million
Loan term up to 30 years including maximum 12 months moratorium period
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 for high net worth customer
Loan disbursement during the construction stage
Disburse against tripartite agreement or registered mortgage
Top up facility
Loan takeover facility
Semi Fixed and Variable interest rate – anyone can choose
Loan facilities for Non-Resident Bangladeshis

What are the
Purposes

Purchase of readymade apartment/ commercial space/ building for residential/ commercial purpose including used property.
Purchase of under construction (ongoing) apartment/ commercial space/ building or to be constructed apartment/ commercial space/ building of an under construction (ongoing) building for residential/ commercial purpose.
Construction of own residential/ commercial building/apartment/space or extension/ modification thereof for residential/ commercial purpose
House renovation/ modification/ face uplifting/ finishing work.

What are the
Eligibilities

Age limit: minimum 21 years, maximum 70 years (at loan maturity)
Salaried person, businessman, self-employed, or a person who has fixed rental income
Minimum justified net income of BDT 50,000/-
Any lucrative areas in Bangladesh like all the Municipality/City Corporation /Upozilla Sadar in Bangladesh & adjacent area of the Municipality/City Corporation /Upozilla Sadar in Bangladesh
Having 2 years’ service & 3 years' experience in the related business

Required
Documents

Application Form duly filled up and signed
Valid Photo ID (National ID/ Passport/ Driving License) of Applicant(s)
Valid Photo ID of Guarantor(s)
Studio Photographs of applicant(s) (self-Attested)
Studio Photograph of guarantor(s) (Attested by applicant and Guarantor)
eTIN Certificate( IT10B is required if applicable)
Copy of Utility bill- Electricity/ WASA/Gas (If applicable)
Bank Statement of last 12 months.

Security
Collateral

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