Financing against purchase of your under-construction / semi-completed / completed / secondhand Apartment of house
Home Credit Financing against renovation / extension / construction of your own home. Takeover
Financing against transfer of the current balance of your existing housing loan to Bank.
Interest Rate and Fees
- Interest Rate: The interest rate is variable. It will be applied in accordance with the Bangladesh Bank’s interest rate guideline and the prevailing Bank interest rate.
- Processing Fee:
- Up to BDT 50 Lac: 0.50% of the loan amount or BDT 15,000.00, whichever is lower.
- More than BDT 50 Lac: 0.30% of the loan amount or BDT 20,000.00, whichever is lower.
- Other fees and charges – Applicable in accordance with the retail loan Schedule of Charges.
DOCUMENTS
- Latest 1 year personal bank statement
- Latest Tax clearance certificate /return receipt of tax*
- Photocopy of National ID Card
- Letter/ Allotment Agreement/ Byna Deed for Home Loan
- Registered ownership deed for Home Credit / Take Over Loan
- Price quotation for Home Credit Loan
- Letter of introduction (LOl)
- Latest 01 year salary account statement
Businessmen / Self Employed individuals / Landlords
- Owner / Director of Proprietorship / Partnership / Private Limited Company
- Total business experience is minimum 3 years
- Minimum income is BDT 30000
Common Documents
- Latest 1 year personal bank statement
- Latest Tax clearance certificate /return receipt of tax*
- Photocopy of National ID Card
- Letter/ Allotment Agreement/ Byna Deed for Home Loan
- Registered ownership deed for Home Credit / Take Over Loan
- Price quotation for Home Credit Loan
- Trade License for last 3 years (Only for Businessmen)
- Latest 01 year bank statement of the company (Only for Businessmen)
- Registered partnership deed for Partnership Company (Only for Businessmen)
- IMOA+ Certificate of incorporation+ Latest Schedule X for Private Limited Company (Only for Businessmen)
- Certificate of membership of respective professional association (Only for Self-Employed)
- Declaration on self-pad along with seal (Only for Self-Employed)
- Certificate of a professional degree (Only for Self-Employed)
- Registered ownership deed (Only for Landlords)
- Rental deed (Only for Landlords)
- Copy of any utility bill (Electricity/ Water/Gas) (Only for Landlords)
Personal Loan is designed to pursue higher education dreams
Student loan
Features:
- Loan amount is up to 130% of the total tuition fee;
e.g. If the tuition fee is BDT 800,000, an amount of up to BDT 1,040,000 (130% of BDT 800,000) loan can be provided. - Maximum loan amount is BDT 20 lakhs;
- Repayable in 5 years;
- Loan will be disbursed in phases;
e.g. If someone is asking to divide the loan into 8 equal phases, the loan disbursement amount of each phase will be BDT 100,000 (BDT 800,000/8). - You can apply for a loan during admission or at the beginning of any semester;
- Convenient repayment schedule: Affordable instalments and interest-saving at the beginning of loan tenure.
Eligibility
- Parents and legal guardians of any legal professions can apply for their children’s university education;
- Minimum monthly income requirement is BDT 20,000 only.
Interest Rate and Fees
- Interest Rate ::The interest rate is variable. It will be applied in accordance with the Bangladesh Bank’s interest rate guideline and the prevailing BRAC Bank interest rate.
- Processing Fee : Up to 0.50% of the loan amount.
- Supervision Charge: 1% annually.
- Other fees and charges – Applicable in accordance with the retail loan Schedule of Charges.
Required Documents of Loan Applicant
- Photocopy of NID;
- E-TIN certificate;
- Two passport size photographs;
- Proof of employment and income;
- Bank statement (Last 6 months)
- Proof of other bank credit facilities such as loans and credit cards.
