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IPDC Finance Limited Home Loan

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bank summary

IPDC Finance is the first private financial institution in Bangladesh. Established in 1981, IPDC Finance counts prestigious organizations such as BRAC, the Government of Bangladesh, and numerous other local and foreign institutions as its investors. The reputation of IPDC as a Non-Banking Financial Institution (NBFI) in Bangladesh is unparalleled, making it a great choice for financing solutions.

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 9.49%
Home Loan All Segment of Clients 9.99%

eligibility criteria

- Age: Minimum 25 years to maximum 65 years or retirement age

- Minimum monthly Income: 50,000/-

- Guarantor (if any): Yes, based on profile

- Job/ work experience: 1 years of total experience with min 6 months in current employer.

- Age of Trade License or Business experience: 3 years old from application date.

features

- Loan Amount up to or Max 85% of property value (Based on valuation report)

- Loan Tenure: 5 - 25 years

- Financing up to 75% of construction cost

- Partial & full settlement facilities are available

- Partial and full settlement facility available: Yes

- No hidden charges

fee structure

50% waiver from the card rate for Bproperty clients
Current card rate: 1% (for Bproperty clients: 0.5%)

age of applicant and co-applicant

min Age: 25 & Co-App min age: 18

income criteria (salaried and business)

Minimum income 50,000/- as per our assessment.

preferred segment of client

- Doctor

- Salaried person

- Govt. Employee

- Businessmen with good profile

- Landlord

non-preferred segment of the client (negative list)

- Lawyer

- Politically Exposed Person (PEP)

- Journalist

- Other negatively listed people"

key features

- Faster loan processing

- Swift valuation and legal documents validation

- Up to 85% loan (Based on valuation report)

- Competitive interest rate

- Relationship Manager assigned for individual client

other fees

Early settlement fee:

2% + VAT of outstanding loan amount if settled within first 5 year

1%+ VAT of outstanding loan amount if settled after 5 years

Partial/ Full settlement fee:

Customers will be allowed to make partial payment of up to 20% of year opening balance of outstanding principal amount.

Pre-payment charge(if prepayment exceeds the 20% limit):

a) 2% + VAT of pre-payment amount if settled within first 5 year

b) 1%+ VAT of pre-payment amount if settled after 5 years

loan tenure

Maximum 25 years

documents required

Freehold properties

- Ownership deed of land/Property

- Mutation set with DCR in the name of present owner

- Up to date Land Tax Receipt

- Recent Survey Report (City Jorip Khatian duly attested)

- Certified C.S., S.A. & R.S. Khatian/Parcha

- Development agreement (Joint venture agreement) with the landowner

- Power of attorney (if any)

- Baya deed for 25 years

- Approved plan & approval letter from Rajuk/concerned authority

- Update Non-Encumbrance Certificate (NEC)

- Memorandum & Article of Association of the developer company (required once for a company)

- A project brochure & Update Board of Resolution


Leasehold properties

- Lease deed/ownership deed

- Sale/Mutation permission from concern authority

- AC land mutation with DCR

- Up to date Land Tax Receipt

- Recent Survey Report (City Jorip Khatian duly attested)

- Development agreement (Joint venture agreement) with the landowner

- Power of attorney with acceptance letter from concern authority

- Baya deed for 25 years

- Approved plan & approval letter from Rajuk/concerned authority

- Update Non-Encumbrance Certificate (NEC)

- Memorandum & Article of Association of the developer company (required once for a company)

- A project brochure

- Update Board of Resolution

Documents from Individual: (Salaried, Business Person. Landlord, Other income source)

Salaried Individual:

Income Documents
- Salary Certificate

- Last 6 months Pay Slip.

- Cash Voucher (If any)

- Last 1 year Salary A/c

- Update Resume

- Office ID/Visiting Card

- MBBS/ Copy of Professional Degree Certificates

- Update BMDC Certificate

- Self-declaration of monthly income

Common Documents
- NID Copy of both applicants.

- E-TIN Certificate

- Recent Lab Print Photo

- Residence Utility Bill copy

- Signed Application Form

- Existing Loan offer Letter (if any)

- Last 1 year repayment statement

- Deed of Agreement/ Byna Deed

- Money Receipt copy

- Ownership deed copy

Business Profile: :

Income Documents
- Last 3 years Trade License

- Last 12 months Bank a/c statement

- Partnership Deed/RJSC with from 1

- Incorporation Certificate of Registration

- Form X, XII, 117 if required

- Audited Accounts

- LC Documents/Invoice

- Sales Voucher

- Rental Agreement of Business Premises

- Visiting card & Business Profile (If any)

Common Documents
- NID Copy of both applicants.

- E-TIN Certificate

- Recent Lab Print Photo

- Residence Utility Bill copy

- Signed Application Form

- Existing Loan offer Letter (if any)

- Last 1 year repayment statement

- Deed of Agreement/ Byna Deed

- Money Receipt copy

- Ownership deed copy

Landlord:

Income Documents
- Property Ownership Deed

- Mutation Set with update LTR copy.

- Rental Deed/Agreement copy

- Rental declaration

Common Documents
- NID Copy of both applicants.

- E-TIN Certificate

- Recent Lab Print Photo

- Residence Utility Bill copy

- Signed Application Form

- Existing Loan offer Letter (if any)

- Last 1 year repayment statement

- Deed of Agreement/ Byna Deed

- Money Receipt copy

- Ownership deed copy

Other Income related documents:

- Copy of ownership document of rental properties

- Copy of Savings instrument

- Other proof of income

Contact Us

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