This is an attractive loan facility for all credit worthy individuals of Bangladesh who wish to construct their own residential house
(Tin Shaded to Multi- Storied Building) or extend/ renovate their existing flat/house.
It is time to build your own home for better dwelling standard by Pubali Abashon Loan.
Features:
To construct own residential house (Tin Shaded to Multi- Storied Building) or extend/ renovate their existing flat/house.
Loan amount: Minimum Tk.2.00 lac to Maximum Tk.2.00 Crore. In case of Semi Pacca/ Tin Shaded Building,
loan amount must not exceed 50% of land value.
Equity of Loanee: Minimum 30%.
Loan Tenure: Maximum 25 years including 18 months Grace period (other than semi pacca building).
Maximum 15 years including 18 months grace period (semi pacca/ tin shaded building).
Competitive Interest Rate.
Processing Fee: 0.50% of the loan amount but not more than Tk.15,000/- plus VAT for loan amount upto Tk.50 lac. 0.30% of loan amount
but not more than Tk.20,000/- plus VAT for loan amount above Tk.50 lac.
No Hidden Charge.
Easy documentation & quick processing.
Option for early & partial settlement.
Partial Settlement Fee: @0.25% but maximum Tk.10,000/- plus VAT.
Early Settlement Fee: Nil.
Eligibility:
Any Bangladeshi individual (supported by NID) who has the means and capacity to repay the loan.
Applicant must be owner of land/ House/ Flat.
The applicant must be a tax payee.
The applicant should have a fixed sources of income.
DBR: upto 60%.
Age Limit: 21 years – 65 years. The client shall not be over 70 years old at maturity of the loan.
Required Documents:
Copy of National ID of Applicant & Guarantor.
3 Copies of recent lab printed passport size photograph of applicant and guarantor(s).
Copy of latest Income Tax Clearance Certificate/ Tax Return/ Tax Acknowledgement Receipt of the applicant (if applicable).
Bank Statement.
For salaried person, Salary Certificate from competent authority.
Land/ House/ Flat related documents.
Approved Plan (other than Semi Pacca/ Tin Shaded Building) is mandatory.
Other required documents for legal & technical assessment of the property.
Security:
Registered mortgage & RIGPA.
Personal Guarantee.
Authorization for debiting client's deposit account for collection of EMI.
Required No's of fully prepared post dated & valid signed MICR cheques with Memorandum of Deposit of cheques.
Please contact your nearest PB PLC. Branch/ Sub-Branch/ IBW countrywide, or directly contact
Tel.02-223381614 Ext. 380, 490, 47118710, 47118827; IP +88 09666821816 or e-mail us at [email protected]