NRBC Bank Home Loan

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bank summary

NRB Commercial Bank Limited is an expanding private bank in Bangladesh funded by Non-Resident Bangladeshis. The bank has seen rapid growth after being inaugurated in 2013, with over 72 branches all across the country. NRB Commercial Bank offers a multitude of products and services to its customers and provides all the facilities that are to be expected from a top tier bank.

interest rates

9%

eligibility criteria

- Salaried employee working in any reputed organization

- 3 years of experience in business for businessmen

- Private practitioners with 3 years of experience in profession

- Landlords with sufficient rental income

features

- Loan Amount: Up to BDT 1.20 crore (Up to 70% of Purchase Price)

- Loan tenure: Up to 20 year

- Low processing fee: 0.5% through Bproperty

- Property or life insurance is not mandatory

- Partial & full settlement facilities are available

fee structure

- Processing fee of 1% of loan amount + VAT & Stamp cost

- Penal rate of 24% per annum on outstanding amount

- Early settlement fee of 1% on settled amount + VAT

documents required

- Copy of NID

- Copy of Passport

- Copy of Latest TIN certificate

- Copy of Utility Bill of current address

- Ownership Documents

- Letter of Allotment

- Price quotation


For Salaried Individual:

- Letter of Introduction

- Salary Certificate/Pay Slip

- 6 months Bank Statement (Salary Account)


For Businessperson:

- Trade Licence for at least 3 years

- 12 months bank statement

- Partnership deed/ Certificate of Incorporation, Schedule X, and Form XII for Limited Company

- Memorandum & Article of Association for Limited Company

- Copy of Utility Bill of Business


For Private Practice:

- Copy of Degree

- Copy of Membership Certificate For Professional Body

- 12 months Bank Statement


For Landlords:

- Rental Agreement

- Proof of Ownership of Property

- 12 months Bank Statement

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