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Real
Estate Finance |
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Bangladesh Bank Refinancing Scheme
(Home Loan @ 9%) |
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R E A L
E S T A T E F I N A N C E : |
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PURPOSE |
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A – Residential |
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1. Individual House Building Loan |
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Construction of Residential Building |
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Extension and/or Renovation of Residential
Building/Apartment |
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Purchase of Residential Building |
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Purchase of Apartment |
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Purchase of Residential Plot |
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Home Loan under Bangladesh Bank Refinancing
Scheme |
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Construction of Residential Building |
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B - Commercial |
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1. |
Individual House Building Loan |
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Construction of Commercial Building; and |
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Purchase of Office Space, Show Room/Shop etc. |
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Purchase of Office Space, Show Room/Shop etc. |
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2. |
Corporate House Building Loan |
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Construction of Office Building |
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Construction of Factory Building |
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Construction of School Building |
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Hospital Building |
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Convention Hall/Hotel; and |
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Purchase of Office space Show Room/Shop |
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3. |
Developer's Loan |
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Construction of Residential Apartment |
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Construction of Commercial Project
(Office/Shopping Mall) |
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Construction of Multipurpose complex (Apartment
cum Commercial) |
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LOCATION |
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Metropolitan Cities like Dhaka and its
associated areas, Chittagong and areas under
Municipal Corporation which will have basic
infrastructural facilities. |
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LOAN LIMIT |
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Maximum loan amount would be determined by
Approval Authority subject to: |
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For purchase of Apartment : 70% of the price |
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For Construction/ Extension/ Renovation of
existing House and purchase of Building
(residential purpose): 60% of the cost. |
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For purpose other than above : 50% of the
cost |
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For purchase of Residential Plot : 40% of the
price |
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LOAN PERIOD |
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Individual (Residential): Maximum 20
years |
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Individual (Purchase of Land): Maximum
07 years |
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Corporate Loan (Commercial): Maximum
07 years |
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Developer's Loan: Maximum 04 years |
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Loan period plus current age of the applicant
shall not exceed 65 years. |
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LOAN
AMOUNT |
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Individual Level : Maximum Tk.5.00 million |
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Corporate Level : Maximum Tk.50.00 million |
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ELIGIBILITY CRITERION |
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Eligibility would be determined by the
management of International Leasing considering
the applicant's & co-applicant's monthly income,
age, monthly expense, other loans & liabilities,
savings, nature of service or business,
stability and consistency of service or business
etc. |
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RATE OF
INTEREST |
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Competitive Rate of interest |
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LOAN
DISBURSMENT |
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One shot or phase by phase disbursement
depending on the requirement of the project.
However, the equity portion of the applicant or
co-applicant to be utilized first before taking
disbursement form International Leasing. |
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LOAN
REPAYMENT |
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Loan repayment @ equal monthly installment |
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COLLATERAL |
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The Proposed property and/or any property
acceptable to International Leasing may be taken
against the Loan. The property is required to be
under Registered Mortgage in favor of
International Leasing. |
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FEES &
CHARGES |
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Processing fee is required to be paid with the
Application Form and Documentation Fee is
required to be paid after approval. |
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HOME
LOAN SHIELD |
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To protect the client's investment from future
uncertainties, the home loan shall be
supplemented by Home loan Shield that comes with
a very low premium. |
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SPECIAL
FEATURES |
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Loan processing within shortest possible time. |
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Customer friendly & competitive interest
rate. |
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No hidden or extra charge. |
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Partial or full prepayment at any time during
the loan tenure with special rebate. |
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Refinancing facility by Bangladesh Bank @ 9% p.a |
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Reasonable grace period. |
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HOW TO
APPLY |
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Intending applicant(s) may collect the
Application Form from any offices of
International Leasing free of cost or download
it from here and apply along with the relevant
papers. |
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