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The City Bank Limited

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bank summary

The City Bank Limited is a Bangladeshi private commercial bank headquartered in Dhaka. The bank provides products and services in retail banking, corporate finance, SME Banking, women banking, digital banking, asset management, equity brokerage, and security.

interest rates

Onboarding Rate for all disbursements (New and Top Up) from April 01, 2023
Loan Types Regular Conventional Home Loan & Saadiq Home Finance Onboarding Rate For all disbursements (New and Top Up)
Takeover All Segment of Clients 8.00%
Home Loan All Segment of Clients 8.00%

eligibility criteria

- Age: Min. 22 years & Max. 65 years or retirement age, whichever is lower

- Minimum monthly Income: Tk. 45,000/- for salaried & professional and Tk. 50,000/- for businessman.

- Guarantor (if any): Not mandatory.

- Job/work experience: Min. 3 years

- Age of Trade License or Business experience: Min. 3 years

fee structure

Loan amount up to Tk. 50 lac: 0.5% of loan amount or max. Tk. 15,000/- Loan amount exceeding Tk. 50 lac: 0.3% of loan amount or max. Tk. 20,000/-

income criteria (salaried and business)

Salaried: Tk. 45,000/-

Businessman: Tk. 50,000/-

Professionals: Tk. 45,000/-

preferred segment of client

Salaried (including Govt. employees) & Professional

non-preferred segment of the client (negative list)

- Cash salaried customers, employees of proprietorship & partnership concern, employees of print & electronic media, non-management staffs etc.

- Ethically, socially & environmentally sensitive business, informal business sectors including brokerage, education & counselling, co-operative & MLM business, other businesses having high sensitivity with political & economic cycle.

- Public figures & individuals having politically affinity, legal professionals, property owned through PoA etc., immediate family member of individual flat seller (i.e. spouse, parents, children, and siblings), Director of developer company and his/her immediate family member (i.e. spouse, parents, children, and siblings) if proposed flat is in his/her own project.

key features

- Max. loan amount: Tk. 2 Crore

- Property can be located all over the country where City Bank has physical representation (branch, sub-branch, SME Center & agent banking outlets).

- Financing can be made against residential properties only.

- Minimum 75% of construction work (internal plaster work) of proposed property have to completed for loan application.

other fees

Early settlement fee: Same as mentioned below

Partial/Full settlement fee:

Partial settlement:

- Fee: 0.5% of settlement amount + 15% VAT

- Minimum settlement amount: Tk. 1 lac or amount equivalent to 03 months EMI, whichever is higher

- Minimum length of loan for partial settlement: At least 06 full EMIs have to be paid before making any partial settlement.

Full settlement:

- Fee: 0.5% of outstanding amount + 15% VAT

- Minimum length of loan for full settlement: At least 06 full EMIs have to be paid before full settlement.

loan tenure

Minimum 1 year and Maximum 25 years

documents required

Property related documents:

Freehold properties:

- Deed of agreement copy (between developer/seller and purchaser

- Money receipt or equity payment confirmation letter against payment made by purchaser to developer/seller

- Ownership deed - Baya deed for last 25 years

- Certified copy of C.S/S.A/R.S/City Jorip or B.S or Math Porcha

- Mutation Khatian along with DCR based on last land record from AC land office

- Joint venture agreement between land owner and developer

- Power of Attorney deed - Up to date NEC/EC - Up to date Land Tax and Holding tax receipt

- Approved Plan with approval letter from concern authority [Union Porishod plan not acceptable]

Leasehold properties:

- Deed of Agreement Copy (between developer/seller and purchaser)

- Money receipt or equity payment confirmation letter against payment made by purchaser to developer/seller

- Lease Deed/Ownership Deed - Baya Lease Deed for last 25 years (if any)

- Mutation Letter from Concern Authority (Rajuk/NHA/Ministry of works/CDA/others)

- Mutation Khatian along with DCR based on last land record from AC land office

- Mortgage Permission from Concern Authority (if required)

- Joint Venture Agreement between Landowner and Developer

- Power of Attorney deed and Acceptance Letter from Concern Authority

- Up to date NEC/EC - Up to date Land Tax & Holding Tax receipt

- Approved Plan with approval letter from concern authority (Rajuk/CDA/others)

Documents from Individual: (Salaried, Business Person. Landlord, professionals and other income source)

Common Documents for all:

- 3-recent passport size photographs for each applicant

- Copy of NID (National ID)

- Office ID/Visiting card

- Latest Tax Clearance Certificate (within last 2 years)

Salaried Individual (Income Documents)

- Letter of Introduction (Official pad as prescribed)

- Pay Slip/Cash Voucher – last 6 months for cash/partial cash salary

- Bank Statement for last 6 months - Loan statement and Sanction letter

- Company profile (for unknown companies)

Business Profile (Income Documents)

- Recent 3 years’ Trade License copy

- Company Bank statement for last 12 months

- MOA/Partnership Deed (for Ltd./Partnership Concern)

- Latest Schedule X & XII or Board Resolution

- Loan statement and Sanction letter - LC/IRC/ERC copy (for import/export business)

- Dealership Agreement for dealers and work order for supplier/contractor

- Personal Bank statement for 12 months (for partner/director of a partnership/limited liability concern)

Landlord (Income Documents)


- Up-to-date title/ownership documents of rental properties.
- Valid rental agreement with tenants on stamp valued Tk. 300. (property address should match with ownership documents).

- Rental income declaration with detail information.

Professionals (Income Documents)

- Self-Declaration in own PAD

- Bank statement for last 12 months

- Letter of Introduction (Official pad as prescribed) for salaried professionals

- Pay Slip/Cash Voucher – last 6 months for cash/partial cash salary)

- Loan statement and Sanction letter

Other Income related documents:

Any income related documents deemed necessary.

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