Pubali Bank PLC

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bank summary

The Pubali Bank was initially emerged in the Banking scenario of the then East Pakistan as Eastern Mercantile Bank Limited at the initiative of some Bangalee entrepreneurs in the year 1959 under Bank Companies Act 1913 for providing credit to the Bangalee entrepreneurs who had limited access to the credit in those days from other financial institutions. After independence of Bangladesh in 1972 this Bank was nationalized as per policy of the Government and renamed as Pubali Bank. Subsequently due to changed circumstances this Bank was denationalized in the year 1983 as a private bank and renamed as Pubali Bank Limited. Since inception this Bank has been playing a vital role in socio-economic, industrial and agricultural development as well as in the overall economic development of the country through savings mobilization and investment of funds. At Present, Pubali Bank is the largest private commercial bank having 500 branches and it has the largest real time centralized online banking network.

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 9.50%
Home Loan All Segment of Clients 9.50%

max loan amount

- Loan up to BDT 2.00 Crore
- Loan up to 70% of property value
* (Whichever is lower)

profit rate

- For flat purchase: 10.00% for Registered Mortgage
- For building purchase: 10.00% for Registered Mortgage

eligibility criteria

- Minimum Age: 25 years>
- Minimum monthly Income: BDT 50,000 / month>
- Guarantor (if any): not required>
- Job/work experience: Confirmed employee having 03 year Experience.
- Age of Trade License or Business experience: Min 3 years>

features

- Finance up to BDT 2.00 Crore
- Finance up to 70% of property value
- Maximum tenor 25 years
- Property Insurance coverage
- Life Insurance coverage (MRTA)
- Competitive interest rate
- Advance/Partial prepayment allowed
- Property Age – Max 25 years at the time of sanction and Max 40 years at the end of finance tenor
- Shariah Islamic Finance

fee structure

- Processing fee: 0.5% +15% vat for the clients of Bproperty

- Early settlement fee: 0.5% of the outstanding amount.

- Early settlement conditions: After 6 months of disbursement date.

- Partial/ Full settlement fee: 0.5% of the outstanding

- Partial settlement: Minimum 20.00% of the outstanding

- Full settlement: 0.5% of the outstanding

income criteria (salaried and business)

- Minimum BDT 60,000.00

preferred segment of client

- Salaried individuals

- Business person

- Landlord

- Professionals

loan tenure

- Minimum 03 year

- Maximum 25 years

documents required

Property related documents:

Freehold properties:

- Deed of Agreement (between Purchase & Seller)

- Deed of Agreement (between Developer and Land owner) if applicable

- Bia-Deed (Chain of Ownership)

- Sale Deed (Last original Sale Deed)

- Power of Attorney (between Land Owner & Developer) if any

- Up to date Ground Rent Receipt (Land Tax Receipt)

- Up to date Municipal Holding Tax Payment Receipt

- Up to date NEC (Non Encumbrance Certificate)

- Mutation Parcha with DCR (Certified by Assistant Commissioner)

- Certified C.S./S.A./R.S. Parcha

- Toshdik by MahanagarJaripParcha

- RAJUK/CDA/Municipality Approval Letter with plan

- Any other documents as required by the Banks appointed Lawyer

Leasehold properties:

- Original Lease Agreement

- Lease Deed (Last ownership deed)

- Bia-Deed (Chain of Ownership)

- Possession handover letter

- Land measurement report

- Power of Attorney (between Land Owner & Developer) if any

- Power of Attorney accepted by the concern authority

- Deed of Agreement between Developer and customer if applicable

- Mutation Parcha with DCR (Accepted by concern authority)

- Up to date Ground Rent Receipt (Land Tax Receipt)

- Up to date Municipal Holding Tax Payment Receipt

- Up to date NEC (Non Encumbrance Certificate)

- Toshdik by Mahanagar Jarip Parcha

- RAJUK/CDA/Municipality Approval Letter with plan

- Any other documents as required by the Banks appointed Lawyer


Salaried Individual:

- National ID Card – APPLICANT & CO-APPLICANT

- 2 copies recent colored photo – APPLICANT & CO-APPLICANT

- Letter of Introduction (LOI) as per EBL format

- Proof of 3-year service experience (if applicant’s employment period in present - service is less than 3 years)

- Latest 3-month Pay Slip showing all breakdowns (if any)

- Latest 12-month Bank statement

- TIN Certificate and latest tax return acknowledgement copy

- CIB undertaking

- Any other document deemed necessary


Business Profile:

- National ID Card – APPLICANT & CO-APPLICANT

- 2 copies recent colored photo – APPLICANT & CO-APPLICANT

- Trade license copy (latest 3-year and inception)

- Certificate of Incorporation (for limited companies)

- Memorandum and Articles of Association, latest Schedule X & XII (for limited companies)

- Proof of 3-year service experience (if applicant’s employment period in present service is less than 3 years)

- Registered Partnership Deed (for partnership business)

- Latest 12-month Bank statement (Company & Self)

- TIN Certificate and latest tax return acknowledgement copy

- CIB undertaking

- Any other document deemed necessary


Documents (Landlords):

- National ID Card – APPLICANT & CO-APPLICANT

- 2 copies recent colored photo – APPLICANT & CO-APPLICANT

- Title Deed of rented property

- Valid rental deed copy

- Latest 12-month Bank statement with 15% rental income reflection

- Utility bill copy in the name of applicant for rented property

- TIN Certificate and latest tax return acknowledgement copy

- CIB undertaking

- Any other document deemed necessary


Documents (Professionals):

- National ID Card – APPLICANT & CO-APPLICANT

- 2 copies recent colored photo – APPLICANT & CO-APPLICANT

- Certificate of professional degree and certificate of membership from professional body (for proof of 3-year practice)

- Income declaration

- Latest 12-month Bank statement

- TIN Certificate and latest tax return acknowledgement copy

- CIB undertaking

- Any other document deemed necessary


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