Meridian Finance Home Loan

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bank summary

Meridian Finance & Investment Limited is one of the fastest growing Non-Banking Financial Institutions in Bangladesh. With consecutive A+ credit ratings, the institution has sound asset quality, strength and capacity to cater to their commitments. And with great Home and Car Loans alongside their lucrative shareholding structure, Meridian Finance is a prime choice of financing.

interest rates

9%

eligibility criteria

- Employed/ Self Employed/Professional/Landlord with regular monthly income

- Minimum 2 years of service or 3 years of business experience required

- Minimum age should be 25 years for salaried individuals and maximum age 65 years or retirement age, whichever lower.

features

- Financing facility up to 80% of construction cost

- Loan tenure: Up to 25 years

- Loan processing fee: 1% through Bproperty

- Property or life insurance is not mandatory

- Partial & full settlement facilities are available

- Moratorium Period Available

fee structure

- 2% early or partial settlement fee

documents required

- Meridian Home Loan Application Form (with signature as per NID)

- CIB undertaking form

- 2 copy PP size Photograph for each applicant

- 2 copy PP size Photographs of Guarantor

- Photocopy of National ID card/ Passport/ Driving License of applicants & Guarantor

- CV/Bio data

- Office ID Card/ Business Card

- E-TIN Certificate( IT-10B is required if applicable)for both applicant and co-applicant(s)

- Copy of latest utility bill of permanent & residential address

- Deed of Agreement/Baina Deed between applicants and Developer/Seller (For Apartment Loan)

- Money receipt copy as equity payment to developer/Seller

- Ownership Documents (For Construction/Renovation/Extension/Home Equity Loan)

- Income & Liability documents

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