LankaBangla Finance Home Loan

Back to Search

bank summary

LankaBangla Finance started its business as a joint venture multi-product Financial Institution in Bangladesh in 1997 with a license from Bangladesh Bank under the Financial Institutions Act 1993. The shareholding of LankaBangla consists of Commercial Banks, Corporates, Prominent Industrialists, Foreign sponsors and the General public.

Apart from our usual presence in Corporate, Retail and SME Financial services, LankaBangla is the lone Non-Banking Financial Institution who operates MasterCard and VISA Credit Cards including third party cards processing services for other banks. The Company is also actively involved in the Capital market at both DSE & CSE through its subsidiary LankaBangla Securities Limited, rated as the number one in the market. We are also providing investment banking services through our subsidiaries LankaBangla Investments Limited and LankaBangla Asset Management Company Limited. Under Retail Financial Services we offer Home Loan, Auto Loan, Personal Loan, Credit cards and various deposit schemes.

interest rates

8.99% (Variable rate)

eligibility criteria

- 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 experience :

- Salaried individual: 2 years of service length, having transaction for at least 1 year with any scheduled bank

- Self-employed professional: 2 years of experience, having transaction for at least 1 year with any scheduled bank

- Businessperson: 3 years of experience in related field/areas with 5 years of business experience in total

- Contractual employees: Subjective to customer profile and strength

- Landlord/Landlady: Stable income from the rented premise(s)


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

features

- Loan amount up to BDT 10 crore or up to 80% of the cost (Including registration cost)

- Loan amount might be relaxed above BDT 100,000,000.00 subject to board approval

- Loan tenure minimum 1 year and maximum of 30 years with 1 year grace period

- Partial prepayment option available any time of the year (Multiple times allowed)

- Full & partial loan settlement facility

- High Ceiling Home Loan amount in the market

- Prompt approval & disbursement with no hidden cost

- Swift valuation and legal documents validation

- Minimum income of BDT40,000 will qualify to take home loan finance

fee structure

- Processing fee: 0.5%

- Documentation fee: 0.5%

- Early settlement fee: 2%

- No other fee & no hidden charges

documents required

Property related documents:

Freehold properties-

- Ownership Deed (photocopy)

- Baya Deed for at least 25 years, if any (photocopy)

- Development Agreement/ Joint Venture Agreement with the landowner/developer

- Power of attorney (if any)

- Deed of agreement between Seller and Developer (Flat Purchase).

- All money receipt photocopy for flat purchase.

- Engineering Certificate.

- Construction estimation cost for self-construction.

- Recent Survey Report (i.e. Math Parcha Duly attested)

- CS, SA, RS Parcha (PS, BS, RS Parcha- only applicable for Chittagong)

- Dhaka city jorip.

- AC land Mutation Parcha and Mutation Proposal Sheet

- Duplicate Carbon Receipt (DCR) with Mutation Order Sheet

- Up to date Municipality Tax Receipt.

- Up to date Land Tax Receipt.

- Non-Encumbrance Certificate (NEC)

- Approved Plan/ Layout Plan and Approval Letter by RAJUK/ CDA/ Concerned Authority

- Any other documents as advised by the LBF’s lawyer


Leasehold properties-

- Lease Deed/ Ownership Deed (photocopy)

- Final Allotment letter from RAJUK/MOW/NH/CDA Authority.

- Title deed copy (If present owner not 1st lessee).

- Sale/ Heba permission letter from concern authority.

- Baya Deed for at least 25 years, if any (photocopy)

- Development Agreement/ Joint Venture Agreement with the landowner/developer

- Power of Attorney (if any)

- Deed of agreement between Seller and Developer (Flat Purchase).

- All money receipt photocopy for flat purchase.

- Engineering Certificate.

- Construction estimation cost for self-construction.

- Deed of agreement between Seller and Developer (Flat Purchase).

- All money receipt photocopy for flat purchase.

- Power of Attorney Acceptance Letter from the lessor of the property

- Mutation (any one)

      i. Mutation Letter from RAJUK/ CDA

      ii. Mutation Letter from National Housing Authority (NHA)

      iii. Mutation Letter from Ministry of Works

- AC land mutation and Duplicate Carbon Receipt (DCR) with Mutation Order Sheet

- Up to date Municipality Tax Receipt

- Up to date Land Tax Receipt

- Non-Encumbrance Certificate (NEC)

- Approved Plan/ Layout Plan and Approval Letter by RAJUK/CDA/Concerned Authority

- Any other documents as advised by the LBF’s lawyer


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

Common documents for all applications-

Applicant:

- Photograph 3 copies (LAB Print )

- Readable NID Copy (Photocopy)

- Readable E-Tin with IT 10 B Copy

- Present Address Electric Bill Copy (Last Month Copy)

- Net Worth Declaration

- Liability Declaration

- CV(Curriculum Vita)

- All Sanctioned letters (If any) except Guarantor

- All Loan Re-Payment Statement (Last One Year)- (If any) except Guarantor

- Any other documents as advised by the LBF’s requirement

Co-Applicant:

- Photograph 3 copies (LAB Print )

- Readable NID Copy (Photocopy)

- Readable E-Tin with IT 10 B Copy

- Present Address Electric Bill Copy (Last Month Copy)

- Net Worth Declaration

- Liability Declaration

- CV(Curriculum Vita)

- All Sanctioned letters (If any) except Guarantor

- All Loan Re-Payment Statement (Last One Year)- (If any) except Guarantor

- Any other documents as advised by the LBF’s requirement.

Guarantor:

- Photograph 3 copies (LAB Print )

- Readable NID Copy (Photocopy)

- Readable E-Tin with IT 10 B Copy

- Present Address Electric Bill Copy (Last Month Copy)

- Net Worth Declaration

- Liability Declaration

- CV(Curriculum Vita)

- All Sanctioned letters (If any) except Guarantor

- All Loan Re-Payment Statement (Last One Year)- (If any) except Guarantor

- Any other documents as advised by the LBF’s requirement

Salaried segment:

- Salary Certificate

- Pay Slip- Last 6 Month

- Salary Statement-Last 1 year

- Office ID Card

- Office Visiting Card

- All Sanctioned letters (If any)

- All Loan Re-Payment Statement (Last One Year)- (If any)

- Any other documents as advised by the LBF’s requirement

Self employed segment (e.g. doctor, engineer, professional accountant, teacher, consultant etc.):

- Self-income declaration

Business segment:

Proprietorship business-

- Trade License- Last 3 years

- Business TIN Certificate

- Business Bank Statement –Last 1 years

- Business Visiting Card

- Business Profile

- Sales Voucher- Last 3 Months

- Sanctioned letter(If any)

- Loan Re-Payment Statement (Last One Year)- (If any)

- Any other documents as advised by the LBF’s requirement

Partnership business-

- Trade License- Last 3 years

- Partnership Agreement (RJSC certified copy)

- Partners Resolution

- Business TIN Certificate

- Business Bank Statement –Last 1 years

- Business Visiting Card

- Business Profile

- Sales Voucher- Last 3 Months

- All Sanctioned letters (If any)

- All Loan Re-Payment Statement (Last One Year)- (If any)

- Any other documents as advised by the LBF’s requirement

Limited Company (Private/Public)-

- Trade License- Last 3 years

- Company TIN Certificate

- Company Bank Statement –Last 1 year

- MOA & AOA (RJSC certified copy)

- Certificate of Incorporation (RJSC certified copy)

- Audited Financial Statement (Last 3 years)

- Audited/Management Account (Latest not before 6 months)

- Board Resolution

- Vat Registration Certificate

- ERC or IRC

- Business Profile

- All Sanctioned letters (If any)

- All Loan Re-Payment Statement (Last One Year)- (If any)

- Any other documents as advised by the LBF’s requirement

Documents for Limited Professional-

- Duly signed and filled up application Form.

- Professional certificate from concerned department or authority

- TIN certificate of applicant & co-applicant

- Recent photographs of the applicant, Co-applicant and guarantors.

- Valuation report.

- Third party CPV report in case outside of Dhaka Division.

- Approval from a competent authority.

Landlord segment:

- Deed of agreement with Tenant / Rental Slip / Rental List of Tenant

- Ownership Proved Documents for rental income

- Income Declaration

- Personal Bank Statement –Last 1 years

- All Sanctioned letters (If any)

- All Loan Re-Payment Statement (Last One Year)- (If any)

- Any other documents as advised by the LBF’s requirement

Contact Us

To apply please fill out this form. We will contact you soon.

Lead Successfully Generated !
* Marked fields are mandatory