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We offer you the most convenient home loans to suit your needs. With so many attractive benefits, the home you always wanted is no longer a dream. |
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Loans available for: |
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Purchase/construction of house/apartments. |
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Renovation/extension of existing house/apartments (for individual). |
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Renovation/extension of existing office chamber/space (for professionals). |
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Construction/purchase of commercial building. |
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Construction of commercially viable project like school, hotel, hospital etc. |
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Construction of industrial building like factory, godown, warehouse etc. |
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Eligibility: |
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25 years and above but not more than 60 years of age |
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Earning regularly from a sustainable source of employment or business |
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| Key Features of our Home loan: |
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Loan Amount
Maximum loan amount is Tk 50 lacs or 70% of the purchase price/cost, whichever is lower. |
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Repayment Term
Individual loan:15 years for normal facility and 20 years in case of Bangladesh Bank refinancing scheme, but not beyond the 60th birthday of the applicant.
Commercial loan: Maximum term is 7 years. |
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Interest Rate
We offer you a competitive interest rate and low fees on the basis of your financial status, amount borrowed and repayment terms. Please contact us for your rate. |
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Repayment
You will repay the entire loan by Equated Monthly Installments (EMI) comprises of principal and interest calculated on the basis of monthly rests at the rate of interest applicable and is rounded off to the next taka. |
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Disbursement
Loan will be disbursed to you in one trench or in suitable installments to be decided by ULC with reference to the need or progress of construction/ renovation/ extension of the house. |
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Security
Registered mortgage of the property financed will be the prime security. Other security may also be taken on the discretion of the Management. |
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Prepayment
Your loan can be prepaid partially or in full, at any time before its maturity date. |
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Insurance
You will be vigilant and the property is duly insured against fire, earthquake and other hazards, ULC being the sole beneficiary under the policy, for a value as required by ULC. Premium will be paid by you with loan installment amount. |
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