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PBL
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Personal Loans » Consumers Loan Scheme » Flat Purchase Loan
Flat Purchase Loan
General Information
This product will allow flat financing to the customer segment in terms of bank’s policy. Under this scheme, the flat is registered to the bank only. In addition to this registration requirement, on a case to case basis, banks may also wish to secure the loan partially by the commonly acceptable form of cash/quasi cash securities available in the market.
Customer Segment
Any Bangladeshi individual and non-residential Bangladesh (NRB) who has the means and capacity to repay bank loan. In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non Government Organisations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed / self-employed tax-paying individual having a reliable source of income.
Purpose
To purchase a flat for residential purpose in a residential/ commercial area having all amenities/ facilities like water, electricity etc.
Loan Size
50% of the flat value, maximum 25 Lac (which is lower).
Installment Size per Lac
8 years term 10 years term 12 years term 15 years term
Tk.1,874/- Tk.1,683/- Tk.1,564/- Tk.1,457/-
Loan to Price Ratio
Loan amount can not exceed 50% of the flat price.
Security/ Collateral
Registered mortgage of the flat.
Personal guarantee of a respectable man acceptable to the bank.
Post dated cheques for each monthly installment
One undated cheque for full loan value including full interest to be taken in advance.
Legal Documents
Demand Promissory Note (Joint and single)
Upto date non-encumbrance certificate,
Memorandum of deposit of title deed, Registered Mortgage,
Registered Power of Attorney, Approved plan with authority letter from competent authority.
Clearance certificate from developer/seller regarding payment of all dues for handover of possession and other supporting papers and documents. 4 (four) party agreement to be executed.
Interest Rate
Bank Interest 10.50%
Agent Commission 1.5%
Penal Interest
Penal interest shall be charged @ 2% over the normal rate on the defaulted installments.
Maximum Term of Loan
8 Years, 10 Years, 12 Years & 15 Years
Repayment Method
Equal Monthly Installment.
Disbursement Mode
Disbursement will be made through Demand Draft/ Payment Order directly to the seller/ developer.
Debt Burden Ratio (DBR%)
50% of Net Income
Disbursement pre-condition
Comprehensive Insurance coverage, registered mortgage of the flat, registered power of attorney must be in place before giving the Demand Draft /Pay Order.
Substantiation of Income
Proper substantiation of income will be mandatory.
All or any of the following original / true copy of original (accepted only after seeing the originals) documents are accepted for the purpose:
Last Tax Return
Bank Statements for minimum last 6 months
Personal Net-Worth Statement
Any other document that may stand as a proof of income
Developer/ Seller
Must be well reputed and member of REHAB
For any query please Contact at: Tel: (PABX) 9551614 FAX: 880-2-9564009 or e-mail us at [email protected]
Foreign Currency Rates
Currency Buying Selling
USD 81.00 82.50
EURO 86.15 90.80
GBP 99.70 104.70
News & Events

November 08, 2016
A training course on ‘Foundation Training for Senior Officers & Officers’ was held recently under the auspices of Pubali Bank Training Institute.

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 03, 2016
Pubali Bank Ltd. holds 4th conference-2016 of Regional and Corporate Branch Managers .

 

November 02, 2016
Pubali Bank Limited donates Tk. 20(Twenty) Lac to Dhaka Bar Association .

 

October 27, 2016
Pubali Bank Ltd. organizes Follow up Meeting with the CLS Agents on Consumers Credit Scheme .

 

October 23, 2016
Pubali Bank Ltd. gives bicycle to girls of Monir Ahmed Academy, Sylhet .

 

October 19, 2016
Pubali Bank Ltd. inaugurates its shifted Gulshan Model Town Corporate Branch.

 

March 01, 2015
Pubali Bank Ltd. recommended for 10% Cash Dividend for the year 2014.

 

February 23, 2015
Md. Abdul Halim Chowdhury new Managing Director of Pubali Bank Ltd.

 

February 22,, 2015
1st Managers’conference-2015 of Dhaka South Region of Pubali Bank Ltd. held.

 

All News