Small House Building Loan
Know About
Small House Building Loan
Small House Building Loan helps deserving house owners in their financials requirements to complete finishing works expansion/repairing/renovation of their buildings/Houses/Flats and make it desirable, comfortably in habitable and economically profitable.
- Maximum: Taka 1000000.00 (Taka Ten Lac) only.
Loan amount:.
Loan Tenure: Maximum 5 years including grace period
Debt Equity Ratio: Maximum 70:30
Interest Rate: SMART+ 3.75% rate of interest
Eligibility
- Any Bangladeshi genuine owners of residential Building/Houses/Flats who requires finance only for finishing/Expansion/Repair/Renovation.
- Prospective borrower shall not be less than 25 years and not more than 65 years of age.
- House/Building/Flats to be expanded/Repaired/Renovated must not be older than 20 years.
- Salary certificate from the employer
- Businessman/self-employed persons/owners of the house/building/flat (whose source o repayment of loan is rental income of the house/building/flat) shall exhibit proof that net income which will be sufficient to repay loan installments.
- For service holders, Businessman and self employed persons length of confirmed service/Business, self employment shall be less than 5 years.
Required Documents
- Application in prescribed format.
- Two passport size photographs of the applicant
- Estimated cost of Finishing/Expansion/Repair/Renovation of the House/Building/Flat.
- Copy of plan of the building/House/Flat approved by RAJUK/CDA/KDA/Municipal Corporation/Municipality.
- Copy of Title deed and other papers/documents of the property.
- Salary certificate from the employer
- All other papers/Documents as may be required depending on the application.
Ways to Apply
Your money is making money for you & Your Family.
