Seed money is required to build a house, purchase residential and commercial space, or invest in a property. Since the amount of investment is quite large, one has to rely on financial institutions to take home loans along with savings money. In particular, as the amount of loan is higher in case of large budget investment, the need to take home loan is also higher. In this case, you have to rely on various financial institutions, including banks, to get a home loan. There are several best banks for home loans in Bangladesh. Some of them are Standard Chartered Bank, Midland Bank, Lankabangla Finance Limited, Delta BRAC Housing (DBH) Finance Corporation Limited etc. Customers can now easily apply for a home loan as Bproperty has agreements with the above institutions.
So let’s explore some information about the best banks for home loans in Bangladesh from today’s blog. Let’s find out the details of what qualifications customers need to have in order to get a home loan and what special benefits customers are getting from these banks.
Midland Bank
Known as a private commercial bank, Midland Bank Limited has been on the preferred list of customers for a long time. Midland Bank has been providing services in different regions including Dhaka with the aim of providing financial support to the customers. In addition to providing financial services, quality banking services such as lockers, various types of loans, Midland bank has already gained a good reputation in the sector for various reasons.
Eligibility Criteria for Midland Bank-
– Minimum age 21 years and maximum age 65 years
– Minimum salary of BDT 40,000 for government job holders
– Minimum salary of BDT 50,000 for salaried individuals
– Minimum salary of BDT 50,000 for businesspersons & professionals
Special Facilities
- Loan upto 2 Crore taka
- Loan Tenure: Max 25 years
- Partial and full settlement facility available
- Loan processing fee maximum BDT20,000; as per latest Bangladesh Bank circular for Bproperty clients
- No hidden charges
Lankabangla Finance Limited
Lankabangla Finance Limited is a joint venture multi-product financial institution, which started its operations in 1996 with a license from Bangladesh Bank under the Financial Institutions Act, 1993. Lankabangla Securities Limited, Lankabangla Investments Limited and Lankabangla Asset Management Company Limited are working as one of the associates of Lankabangla.
Eligibility Criteria for Lankabangla-
- Minimum age at the time of loan application is 21 for Primary Borrower, Co-Borrower and Co-Applicant
- Maximum age at the end of the loan tenure is 70 for salaried individuals and 65/70 for others
Minimum income :
– Govt. employees: BDT 40,000
– Salaried individuals: BDT 40,000
– Professionals: BDT 40,000
– Businesspersons: BDT 50,000
– Landlord/Landlady: BDT 40,000
Special Facilities
- Loan upto 10 crore
- Partial prepayment option available any time of the year (Multiple times allowed)
- Loan tenure minimum 1 year and maximum of 30 years with 1 year grace period
- Minimum income of BDT40,000 will qualify to take home loan finance
Standard Chartered Bank
Standard Chartered Bank started its operations in 1947 to provide maximum banking services to its customers. Apart from various benefits for the customers like home loan, personal loan, auto loan etc. The customers also get the benefits like e-statement from this reputed bank.
Eligibility for Standard Chartered Bank
- Minimum age at the time of loan application is 25 for Primary Borrower,
- 22 for Co-Borrower and 18 for Co-Applicant
- Maximum age at the end of the loan tenure is 70 or retirement age (whichever is earlier)
- Experience of 3 Years for Salaried Persons and Trade
Special Facilities
- Bproperty clients eligible for tactical campaigns
- Loan amount up to BDT 2 core or upto 70% of property value
- Loan tenure up to 10 years for business owners and 25 years for others
- Swift valuation and legal document validation
- Priority banking facility for clients having more than 70 lac loan outstanding
- Cash Back opportunity (When applicable)
Delta BRAC Housing Corporation Limited (DBH)
Delta BRAC Housing Finance Corporation Limited (DBH) started its operations in 1997. And played a pioneering role in building home ownership in Dhaka. They have been operating in Triple-A (AAA) Credit Rating for over 15 years now.
Eligibility for DBH
- Minimum 25 years to maximum 65 years of age
- Monthly income of BDT 35,000 gross
- Only one guarantor is required
- Work experience of 2 years for salaried individuals
- Business experience of 3 years for businessmen
Special Features
– Loan Amount: 70% of Purchase Price / 80% of the Construction
– Loan tenure: 1 year to 25 years
– Loan processing fee: 1% through Bproperty
– No hidden charges
– Partial & full settlement facilities are available
And so in case of taking home loan, any of the best banks for home loan in Bangladesh can be convenient for you. And if you are a customer of Bproperty, then you are getting all the special benefits of taking a home loan. You can contact the best banks for home loans in Bangladesh today to buy a land or build a house, to build a secure future.
