BRAC Bank Home Loan

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bank summary

BRAC Bank is one of Bangladesh’s premier banks and is owned by BRAC, the largest NGO in the world. This global experience has garnered them with the ability to specifically cater to a diverse set of commitments across multiple banking segments. Multiple Loan facilities such as Home, Personal and Auto, Global Banking, Deposits schemes and more make Brac Bank a leader in the sector.

interest rates

9%

eligibility criteria

- Minumum 25 years to maximum 65 years of age

- Monthly income of BDT 25,000 gross for salaried individuals

- Monthly income of BDT 30,000 gross for businessmen

- Only one guarantor is required

- Work experience of 3 years for salaried individuals

- Business experience of 3 years for businessmen

features

- Loan Amount: BDT 5 lac to BDT 1.20 crore

- Loan tenure: 1 year to 25 year

- Loan processing fee: 1% through Bproperty

- Property or life insurance is not mandatory

- Partial & full settlement facilities are available

- Grace period facility: maximum 12 month

fee structure

N/A

documents required

- Bank statement for last 1 year

- Tax clearance certificate

- Photocopy of NID/Passport

- Letter/Deed of Agreement/ Baina Deed for Home Loan

- Registered Ownership Deed for Takeover Loan

- Price Quotation for Home Credit Loan

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