Loan Against Property

Full Name

Father's Name

Mother's Name

Spouse Name

Phone

National-ID

Occupation

Age

Monthly Income

Product
Summary

A dream comes true! An ALL JUSTIFIED PURPOSE LOAN for anything that life throws up at you!! LankaBangla’s Loan Against Property helps you meet all your financial needs. Let your property be a shelter to your dreams. LankaBangla’s Loan Against Property is a multi-purpose loan that can be used for increase your earning capacity or personal needs.

Why choose
LAP

Highest loan ceiling of BDT 100 million
Loan term up to 15 years
EMI calculation on Monthly Reducing Balance Method
Partial Prepayment or Early Settlement options at any time on outstanding principal amount.
Disburse against registered mortgage of existing property
We accept both – residential and commercial property
Top up facility
Loan takeover facility
Semi Fixed and Variable interest rate – anyone can choose

What are the
Purposes

House renovation/ modification/ face uplifting/ finishing work.
Purchase of new/used Semipacca house / apartment/ building for residential/ including used residential property/plot.
Purchase of under construction (ongoing) Semipacca house/ apartment/ building for residential purpose
Construction of own Semipacca house/ residential apartment/ building
Takeover of any type of existing loan

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/-
All the Municipality/City Corporation /Upozilla Sadar in Bangladesh & adjacent area of the Municipality/City Corporation /Upozilla Sadar
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/Gas/WASA (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.