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Home Loan

The name itself describes what a house finance/home loan is. Basically it means a sum lent to one party (the borrower) by the other party (banks & FIs) for a period fixed upon mutual agreement with a commitment to repay the same with interest/profit under a pre-agreed time schedule for the purpose of constructing a house or purchasing a flat/apartment.

Fast processing & approval: Simple & hassle-free application process and quick approval.

Standard Chartered Bank Ltd.

Interest Rate Range

8.99% Fixed

Processing Fee

1.5%

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

6- 25 Years

Greater financing: Borrow up to 70% of property value with maximum loan amount of BDT 1.2 core.

Fees & Charges

  • Processing Fee: 1.5% of the approved loan amount.
  • Early Adjustment Fee: 2% of outstanding amount.
  • Partial Payment Fee: 2% of the prepayment amount.

Features

  • Competitive rates and fees.
  • Greater financing: Borrow up to 70% of property value with maximum loan amount of BDT 1.2 core.
  • Top-up facility after 12 months.
  • Flexible tenures: We offer home loans for our salaried and self-employed customers with a wide range of tenure of up to 300 months.

Eligibility

  • Minimum Income: BDT 78,000.
  • Minimum Experience:1 Year.
  • Age Requirement: 25 Years to 70 Years.

Loan Range: Minimum:500000 Maximum:12000000.

IFIC Bank Limited.

Interest Rate Range

9.00% Floating

Processing Fee

2 %

Loan Amount

BDT 2 Crore Max

Loan Tenure

25 Years

No processing fee for loan takeover.

Fees & Charges

  • Processing Fee: 1% of the loan amount.
  • Early Adjustment Fee: N/A.
  • Partial Payment Fee: N/A.
  • Penal Charge: 1st month & 2nd month free. If 3 months than 3% charge.

Features

  • Lowest Interest Rate. @9.00%
  • Loan Range: Minimum:500000 Maximum:12000000.
  • Loan Repayment Tenure: Minimum: 5 year, Maximum: 25 years.
  • Equity Ratio: 70:30
  • No processing fee for loan takeover.
  • Facility of premium overdraft up to 1.5 crore.

Eligibility

  • Minimum Income: BDT 35,000.
  • Minimum Experience: 2 Year. (salaried Person)
  • Minimum Trade License Age: 3 Years (For Business Person)
  • Age Requirement: 21 Years to 65 Years.

Loan amount ranging from BDT 5 lac to BDT 120 lac.

The City Bank Ltd.

Interest Rate Range

7.50% Floating

Processing Fee

1.00%

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

25 Years.

No processing fee on Takeover and enhancement facilities.

Fees & Charges

  • Processing Fee: 1% of the outstanding amount.
  • Early Settlement Fee: .50%-2% of the loan outstanding.
  • Partial payment Fee: 2% of the prepaid amount.
  • Penal Charge: 3% on the arrears Amount.

Features

  • Loan amount ranging from BDT 5 lac to BDT 120 lac.
  • Repayment tenure 1 year to 25 years.
  • Financing up to 70% of property value.
  • Early settlement facility.
  • 1% processing fee on any loan amount.
  • Phase disbursement facility.

Eligibility

  • Minimum Income: BDT 50,000.
  • BDT 30,000 (Government officials only)
  • Minimum Experience: 3 Year. (salaried Person)
  • Minimum Trade License Age: 3 Years (For Business Person)
  • Age Requirement: 22 Years to 65 Years.

Loan amount: TK 10 lac to maximum TK 1.20 Cr.

Prime Bank Ltd.

Interest Rate Range

7.50% Floating.

Processing Fee

0.5 %

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

25 Years.

Swapna Neer Loan will facilitate you to buy a dream property for own residential purpose.

Fees & Charges

  • Processing Fee: 0.5% of the outstanding amount.
  • Loan Takeover facility with Zero processing fees.
  • TPA (Tri Partite Agreement) based finance against under constructed property purchase.
  • Competitive Processing fee & Early settlement fees.
  • Early Settlement Fee: .50%-2% of the loan outstanding.
  • Partial payment Fee: 2% of the prepaid amount.
  • Penal Charge: 3% on the arrears Amount.

Features

  • Maximum 70% loan against property purchase price (For NRB Customer loan amount may extend up to 75%)
  • Loan amount: TK 10 lac to maximum TK 1.20 Cr.
  • Loan tenor: 3 years to maximum 25 years.
  • Age Limit: Minimum 25 years & Maximum 65 years (In case of property owner minimum age limit is 18 years)
  • Life insurance facility & Loan Takeover facility with Zero processing fees.

Eligibility

  • Minimum Income: BDT 50,000.
  • Minimum Experience: 2 Year. (salaried Person)
  • Minimum Trade License Age: 3 Years (For Business Person)
  • Age Limit: Minimum 25 years & Maximum 65 years.
  • (In case of property owner minimum age limit is 18 years)

Loan Amount Ranges from BDT 500,000 to BDT 12,000,000 or 70% of the property value.

Eastern Bank Ltd. (EBL)

Interest Rate Range

8.00 %

Processing Fee

1 %

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

25 Years

No Processing fee for Take over home loans from other Banks/ Financial Institutions.

Fees & Charges

  • Processing Fee: 0.5% of the outstanding amount.
  • Processing Fee: 1% of the approved loan amount.
  • Early Adjustment Fee: 2% of outstanding amount.
  • Partial Payment Fee: 2% of the prepayment amount.
  • Penal Charge: 3% on the arrears amount.

Features

  • House construction / Extension / Renovation / Up-gradation/ Face uplifting / finishing work.
  • Takeover of existing home loan from any bank / financial institution.
  • Loan Amount Ranges from BDT 500,000 to BDT 12,000,000 or 70% of the property value whichever is lower.
  • No Processing fee for Take over home loans from other Banks/ Financial Institutions
  • Repayment tenure of up to 25 years.
  • Early full and partial settlement allowed.

Eligibility

  • Minimum Income: BDT 30,000.
  • Minimum Experience: 2.5 Year. (salaried Person)
  • Minimum Trade License Age: 3 Years (For Business Person)
  • Age Limit: Minimum 25 years & Maximum 60 years.

Loan Amount Ranges from BDT 500,000 to BDT 12,000,000.

BRAC Bank Ltd.

Interest Rate Range

9% Floating

Processing Fee

2 %

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

5- 25 Years.

Financing against purchase of your under-construction / semi-completed / completed / secondhand Apartment of house.

Fees & Charges

  • 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.

Features

  • Financing against purchase of your under-construction / semi-completed / completed / secondhand Apartment of house.
  • Loan Amount Ranges from BDT 500,000 to BDT 12,000,000.
  • Financing against renovation / extension / construction of your own home.

Eligibility

  • Businessmen / Self Employed individuals / Landlords.
  • Total business experience is minimum 3 years.
  • Total job experience s minimum 3 years & must be permanent in current job Minimum income is BDT 40000.
  • Salaried Individuals Total job experience s minimum 3 years & must be permanent in current job Minimum income is BDT 40,000.

Loan Amount Maximum BDT 12,000,000 /- or 70% of the property value whichever is lower.

Dutch-Bangla Bank Ltd. (DBBL)

Interest Rate Range

8.5% Floating.

Processing Fee

0.5 %

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

25 Years

Completely unsecured loan, no cash securities or any other collateral required.

Fees & Charges

  • Processing Fee: .50%-1% of the approved loan amount.
  • Early Adjustment Fee: 2% of outstanding amount.
  • Partial Payment Fee: 1% of the prepayment amount.
  • Penal Charge: 1% on the arrears amount.

Features

  • Maximum BDT 12,000,000 /- or 70% of the property value whichever is lower.
  • Convenient loan repayment tenure of up to 5 years.
  • Completely unsecured loan, no cash securities or any other collateral required.
  • Attractive interest rate and fees.
  • Fast approval process.

Eligibility

  • Minimum Monthly Income: BDT 50000
  • Total Job Experience: 2 Years.
  • Age Requirement: 23 Years to 70 Years.
  • Professionals (Doctors, Architects, Engineers, Chartered Accountants etc.)

Loan Amount: Up to 85% of the construction costs.

IDLC Finance

Interest Rate Range

9.99% Floating

Processing Fee

2 %

Loan Amount

BDT 5 Crore Max

Loan Tenure

15-20 Years

Phase by phase disbursement of loan, based on construction progress of the building.

Fees & Charges

  • Processing Fee:2% of the approved loan amount.
  • Early Adjustment Fee: 2% of outstanding amount.
  • Partial Payment Fee: 3% of the prepayment amount.
  • Penal Charge: 2% on the arrears amount.

Features

  • Conversion Facility from Fixed Interest Rate Variable Interest Rate.
  • Early Payment option in full or part.
  • Tri-Party Agreement Facility with a good Number of Developers.
  • Customized solutions as per your needs.
  • No Hidden Charges.

Eligibility

  • Minimum Monthly Income: BDT 50000.
  • Total Job Experience: 1 Years.
  • Age Requirement: 25 Years to 70 Years.

Highest loan ceiling of BDT 100 million.

Lanka Bangla Finance

Interest Rate Range

9.00 % Floating

Processing Fee

12 %

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

25 Years

Approval of home loan before purchase of apartment for high net worth customer.

Fees & Charges

  • Processing Fee:0.25%-0.50% of the approved loan amount.
  • Early Adjustment Fee:0.25%-0.50% of outstanding amount.
  • Partial Payment Fee: 4% of the prepayment amount.
  • Penal Charge: 2% on the arrears Amount.

Features

  • Highest loan ceiling of BDT 100 million.
  • Loan term up to 25 years including maximum 12 months moratorium period.
  • EMI calculation on Monthly Reducing Balance Method.
  • Partial Prepayment or Early Settlement options at any time on outstanding principal amount.
  • Approval of home loan before purchase of apartment for high net worth customer.
  • Top up facility & Loan takeover facility.
  • Disburse against tripartite agreement or registered mortgage.

Eligibility

  • Age limit: minimum 21 years, maximum 70 years (at loan maturity)
  • Salaried person, businessman, self-employed, or a person who has fixed rental income.
  • Minimum justified net income of BDT 50,000/-
  • Any lucrative areas in Bangladesh like all the Municipality/City Corporation / Upozilla Sadar in Bangladesh & adjacent area of the Municipality/City Corporation / Upozilla Sadar in Bangladesh.
  • Having 2 years’ service & 3 years' experience in the related business.

Loan Range: Minimum: BDT 500000, Maximum: BDT 5000000

IPDC Finance

Interest Rate Range

9.00 % Floating

Processing Fee

1 %

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

25 Years

Salaried, self-employed, businessmen, and landlord Application can be done individually or jointly.

Fees & Charges

  • Processing Fee: 1% of the approved loan amount.
  • Early Adjustment Fee: 2% of outstanding amount.
  • Partial Payment Fee: 2% of the prepayment amount.
  • Penal Charge: 1% on the arrears Amount.

Features

  • Loan Range: Minimum: BDT 500000, Maximum: BDT 5000000
  • Loan Repayment Tenure: Minimum 1 year, Maximum 25 years.
  • IPDC offers home loan 85% of the property value. The actual term and amount depends on the property value and customer profile.
  • Note: Home Loan amount depends on your repayment capability.

Eligibility

  • Minimum Income: BDT 40,000.
  • Minimum Experience: 1 Year.
  • Age must be minimum 25 years (if income is to be considered) and maximum 65 years or retirement (whichever is lower)
  • Your verifiable minimum monthly income (Salaried: 40,000/-: Government Service: 25,000/-, Self Employed: 50,000/-, Landlord: 40,000/-)

Processing Fee: 0.25%- 0.50% of the approved loan amount.

DBH -Delta BRAC Housing

Interest Rate Range

11.75 %Floating

Processing Fee

0.5 %

Loan Amount

BDT 4 Crore Max

Loan Tenure

5 -25 Years

DBH can finance up to 80% of the apartment value (as will be assessed by DBH) to be purchased.

Fees & Charges

  • Processing Fee: 0.25%- 0.50% of the approved loan amount.
  • Partial Payment Fee: Outstanding Amount Below 25% for Free and Another Amount 2%.
  • Early settlement Fee: Outstanding Amount Below 25% for Free and Other Amount 2%.

Features

  • DBH can finance up to 80% of the apartment value (as will be assessed by DBH) to be purchased.
  • The tenure of the loan can be up to 25 years meaning that the EMI can be set at the minimum level.
  • Wide array of choices regarding Interest rates ranging from fully variable to semi fixed to fully fixed rates.
  • No hidden charges.

Eligibility

  • Age limit: minimum 21 years, maximum 70 years (at loan maturity)
  • Minimum Income: BDT 50,000
  • Experience: 1 Year.
  • Age Requirement: 25 Years to 65 Years.

Loan Amount: BDT 5 lac to BDT 1.20 core.

Bank Asia Ltd.

Interest Rate Range

9% Floating

Processing Fee

2 %

Loan Amount

BDT 1.2 Crore Max

Loan Tenure

25 Years.

Shopner Nirman: Purpose-Construction of Building, Limit- BDT 5 lac to 1.2 core, Tenure- 25 Year.

Fees & Charges

  • Processing Fee: 1% of the outstanding amount.
  • Early Settlement Fee: 1% of the loan outstanding.
  • Partial Payment Fee:1% on Partial Amount.
  • Penal Charge: 2% on the arrears Amount.

Features

  • Loan Amount: BDT 5 lac to BDT 1.20 core.
  • Loan tenure: 1 year to 25 year.
  • Low processing fee: 0.5% of the loan amount.
  • No processing fee for Take Over loan.
  • Property or life insurance is not mandatory.
  • Grace period facility: maximum 12 month.

Eligibility

  • Minimum Income: BDT 30,000.
  • Minimum Experience: 2 Year. (salaried Person)
  • Minimum Trade License Age: 3 Years (For Business Person)
  • Age Limit: Minimum 25 years & Maximum 70 years.

Disclaimer: At Loanbazaarbd.com, we strive to keep our information accurate and up to date. This information may be different than what you see when you visit a financial institution, service provider or specific product’s site. All financial products and services are presented without warranty. Additionally, this site may be compensated through third party advertisers. However, the results of our comparison tools which are not marked as sponsored are always based on objective analysis first.

F.A.Q

Presentinng Banking Plan & Services

 

Everyone has a dream of owning their own house. However, not everyone has the necessary monetary support to purchase one. If you want to own a house for residential purpose, then you can opt for home loan at Loanbazaarbd.com. Home loans are secured loans. The financial institute will retain the property documents as collateral. You can simply compare top banks and NBFIs (non-banking financial Institutions) offers on housing loan and apply for the loan.It takes less than 2 minutes to complete the application. Loan amount available is up to BDT. 2 crore or less with interest rate starting at 8.00%. The loan can be applied by salaried, professionals, self-employed, and businesspersons. The tenure can extend till 20 years to 30 years. The repayment options are flexible and suited to fit your repayment capacity.

 

You can take home loan for purchase of old or new property of residential purpose. It can be a flat, a piece of land, or any residential property. Agricultural, industrial, and commercial properties are excluded from the scheme. The housing loan can be used for home extension, construction, repair, and renovation as well. Sometimes, you want additional loan on existing loan, and opt for a top up home loan.There are no unsecured home loans as in the bank or NBFI will keep the property documents as collateral. However, you can stay in the house and use it for residential purpose even while the repayment tenure is ongoing.

 

Here are the things to remember before you apply for home loan urgent need based or planned basis:

  • Home Loan Eligibility: The criteria for housing loan eligibility can be different as per personal profile and determined on basis of work stability, employment history, your age, income, credit history Check your home loan eligibility before applying for the loan.

  • Loan Disbursal Time: It may take few days to process and disburse housing loan as there is a thorough check of documentation.

  • Interest Rate (fixed or floating): Your loan provider can either charge fixed or floating interest rate. Fixed interest rates are best for short tenure, and floating rates for longer period. Hybrid home loans are where you can enjoy benefit of both floating and fixed rates.

  • Terms and Conditions: There could be certain conditions regarding loan balance transfer, prepayment, repayment, and other things related to your housing loan. Know these in details before making a choice.

  • Hidden Charges: The bank or NBFI can levy some charges such as processing charge or late payment charge etc. It is best to read the loan agreement before selecting the loan provider.

 

  • Loan to Purchase House: This is the typical loan you can take to purchase new or old residential property. Tenure ranges from 1 year to 15 years and in some cases 30 years.

  • Plot Loans/Land Purchase Loans: These loans are taken to buy land or plot for investment or construction. The funds are used to purchase vacant plot.

  • Top up Home Loan: If you have an existing home loan but want additional loan to purchase the house or make renovations in the same, then you can take top-up online home loan apply from loanbazaarbd.com.

  • Home Extension Loans: If you want to add more space to your house then you can choose home extension loan and extend your house area.

  • Home Conversion Loans: If you own a house that has an existing housing loan, but plan to buy a new house, then you can take home conversion loan.

  • Home Construction Loans: If you want home loan for constructing a house on a plot or land, then you can get sufficient funds in form of home construction loan.

  • Home Improvement Loans: You can apply for a home loan to renovate or repair your current house.

 

  • Simple, Fast, Convenient. Leave your home loan research to us and we will break it down for you in simple terms. Our Mortgage Specialist will contact you directly so you can save time for other important things in life.
  • We compare so you get better deals. Feeling so spoilt for choice you cannot decide? Settling for the first option is like being forced to marry the first person you come across on a dating app. Don’t feel pressured. We compare across all banks in Bangladesh to ensure that you get the best deals.
  • Most importantly it's free! Our service to you is free. But, of course we are not doing this for charity! All banks pay us a standard referral fee for our services and our awesome job done. We don’t take sides or give biased advice.

 

Home loan packages from banks are changing ever so rapidly during this period of time when the interest rates environment is volatile. This means that there is no one bank that will constantly offer the best package. Comparison is where our expertise lies. Use our website to compare different packages in a systematic and simple manner. On top of that, our advisers will also drop you a call to further clarify any doubts and refer you to the bank that best suits your needs.

 

The home loan is provided by estimating the current market value of the property. Market value is the calculation of what a property price is in the competitive market, and this depends on benefits and features of the property, supply and demand, overall real estate market evaluation, and other similar properties to determine the monetary value of the house.

  • Low interest rate on gold loan makes it feasible compared to unsecured loans. Loan against gold is thus budget-friendly financing method.
  • You do not have to carry the burden of debt for a long time since the repayment is up to only 2 years.
  • You have to pay only the interest amount till the loan tenure and principal amount can be paid at the end of the tenure. Thus, you can manage the repayment comfortably.

 

No, it is not compulsory to insure the property you want to purchase on home loan. However, financial institutions may offer loan faster to a borrower who plans to insurance the house or has applied for the home insurance. The insurance offer complete cover to the property, especially if it under construction, and can pay for any damages within the insured period.

 

You can seek home loan for all the home loan requirements as specified by the banks, be it a first-time purchaser of property or first-time applicant for home loan. You must meet the eligibility criteria and have a good repayment capacity.

 

You can take a home loan for construction or buy a property out-of-state or in a different city than the one you are working in. Keep the essential documents prepared for verification. The financial institution will provide the loan only after running a thorough check on property's legal verification and other checks.