AB Bank – Home Loan

Purpose

• Purchase of Apartment/independent house with in the Municipal areas of cities, not more than 15 years old.
• Construction of old/new house.
• Renovation of house.
• Loan take over facility from other banks.

Loan Ceiling
70% of the value of the apartment /construction cost subject to maximum Tk. 120 Lac.

Fees
Application fee: Free
Processing fee: Loan Limit up to Tk.50.00 lac @0.50% but not over Tk.15,000.
Loan Limit above Tk.50.00 lac @0.30% but not over Tk.20,000.

Tenor
Maximum 20 Years

Rate of Interest
Current Rate of Interest 9%
Click here to get updated info.

Insurance Coverage

• Property insurance for Earthquake and Fire.
• Life insurance (optional).

Security
Registered mortgage of property along with registered IGPA to sell the property.

Guarantee
No guarantee.