Home Loan From BRAC Bank Limited

Home Loan From BRAC Bank Limited. BRAC Bank Home Loan (Apon Ghar) is different from another bank. This loan is easy to get from this bank. Brac Bank home loan to this service is very good so in this purpose, I suggest Home Loan (Apon Ghar) of BRAC Bank Ltd. BRAC Bank Apon Ghar provides your personal bank representative for information search till moving into the home. This Bank also financing for the purpose of under-construction / semi-completed / completed / secondhand Apartment of any house. 24 hours banking facilities. Home Loan From BRAC Bank Limited.

Home Loan From BRAC Bank Limited

Home Loan From BRAC Bank Limited

Home loan product the most convenient & practical Loan that suits your all home financing needs. Let it be for apartment purchase, home construction, extension or renovation – any Bank of Bangladesh is here with the ultimate solution for you. With so many attractive features in it – the home you wanted to buy or to extend the existing one or renovate the same is no longer a distant dream. Your personal bank provides the representative for information search till moving into helps find a home suitable for your taste, budget, and area. Home Loan From BRAC Bank Limited.

Home Loan From BRAC Bank Limited

Home Loan for the purpose of

● Flat/Apartment Purchase

● House construction / Extension / Renovation / Up-gradation/ Face uplifting / finishing work

● The takeover of existing home loan from any bank / financial institution

● Interior

● Furniture & Soft Furnishing

● Home Appliance

● Color & Window Treatment

● Light & Floor

Customer Segment & Eligibility to get Home Loan:

Salaried Individuals

● Total Job Experience is minimum 3 years & must be permanent in the current job

● Minimum income is BDT 25,000/-

Businessmen / Self Employed Individuals / Landlords:

● Owner / Director of Proprietorship / Partnership / Private Limited Company

● Total Business Experience is minimum 3 years

● Minimum income is BDT 30,000

Product Features of Apon Ghor of Brac Bank:

Owner of the property must be the main borrower

Mortgaged property must be located within the metropolitan area of Dhaka, Greater Dhaka where RAJUK Plan is available, Chittagong & Sylhet

Applicants must be the permanent resident of Bangladesh

Minimum age 25 years & maximum age 65 years at the time of maturity

Competitive Interest Rate

Maximum loan tenor is 25 years

Processing Fees & Other Charges for the Home loan of Brac bank:

Loan up to BDT 15 Lac is @ 2% on loan amount + VAT

Loan above BDT 15 Lac is @ 1.5% on loan amount + VAT

For Take Over cum Home Credit loan 1% on loan amount + VAT

In case of Takeover, the processing fee is 0.50% of loan amount +VAT

Valuation charge @ 3500 + VAT in addition to the processing fee

Security replacement Fee – BDT 10,000 + VAT

Quotation change Fee – BDT 1,000 + VAT

Early Settlement & Rescheduling Fees of Home loan Brac bank:

Early settlement Fee:

2% of outstanding if settled within first 2 years + VAT

From 3rd to 4th year 1.5%+VAT on outstanding

From 5th year 1%+VAT on outstanding

Rescheduling fee due to Interest Rate change / Tenor change – 0.25% + VAT of outstanding or maximum Tk 10,000 + VAT whichever is lower.

Date rescheduling fee Tk 2000+VAT each time

Partial pre-payment & fees:

Minimum partial pre-payment amount is BDT 1,00, 000

2%+VAT on pre-payment amount within the first 5 years

1%+VAT on pre-payment amount after 4 years

1.5% + VAT on pre-payment amount between 3rd to 4th years

Common Documents:

Latest 01year personal bank statement

Latest Tax Clearance Certificate (where applicable)

Photocopy of National ID card / Passport

Allotment Letter/ Allotment Agreement/ Byna Deed for Home Loan

Registered ownership deed for Home Credit / Take over Loan

Price quotation for Home Credit Loan

Salaried Individuals:

Letter of Introduction (LOI)

Latest 01-year salary account statement

Home Loan From BRAC Bank Limited

Businessmen:

Trade License for last 3 years

Latest 1-year bank statement of the company

Registered partnership deed for Partnership Company

MOA+ Certificate of Incorporation+ Latest Schedule X for Private Limited Company

Self-Employed: Land Lord:

Certificate of membership of the respective professional association

Declaration on self-pad along with the seal

Certificate of Professional degree

Registered ownership deed

Rental deed

Copy of any utility bill (Electricity/ Water/Gas)

Reference : Brac Bank Apon Ghor