Pubali Bank Limited offers an attractive loan facility for all credit-worthy individuals of Bangladesh who wish to construct their own residential house (Tin Shaded to Multi-Storied Building) or extend/ renovate their existing house in the name of “PUBALI ABASHON”. It is time to have your own home with the help of Pubali Bank Limited PUBALI ABASHON facility.
Read Also: IFIC Bank Aamar Bari home loan.
01. Features of PUBALI ABASHON
- For construction of residential i) Tin- shaded (semi-pucca) building, ii) Roof pucca building iii) Duplex iv) Triplex House or v) Maximum 4 storied building.
- Loan amount: Minimum Tk.2.00 lac to Maximum Tk.2.00 Crore.
- Equity of Loanee: Minimum 30%.
- Flexible repayment of 24 to 180 months.
- Processing Fee: 0.50% of the loan amount but not more than Tk.20,000/-.
- No Hidden Charge.
- Easy documentation & quick processing.
- Option for early & partial settlement.
02. Customer’s eligibility criteria for getting PUBALI ABASHON
i) Any Bangladeshi individual who has the means and capacity to repay the loan.
ii) The applicant should have a fixed sources of income from Business/ Service
iii) One individual must not be allowed more than one facility at the same time until adjustment of the earlier/ previous one.
iv) Applicant must be the owner of at least 03 (three) decimal of land having road facility for the construction of concerned house. Third party property/collateral is not acceptable.
v) Minimum monthly net income should be at least 3 (Three) times of monthly installment. vi) e-Tin of the applicant for the loan amount above Tk.5.00 lac.
vii) Self-employed person having a minimum of 3 years of professional service experience.
viii) Salaried person having a permanent job in Govt./Semi Govt./Autonomous/ Reputed-Private organization for minimum 3 years.
ix) Businessmen having a permanent business for last 3 years.
x) Address of the applicant’s Land (for proposed housing) and Branch should be within same district but distance must not be more than 10 Kilometers.
03. Age Limit
The applicant shall not be over 65 years old at maturity of the loan & minimum 21 years old at the time of application.
04. Documents to be submitted with the application
i) Copy of NID/Passport of Applicant/Guarantor.
ii) 2 copies of photograph of the Applicant duly attested by the Branch Manager.
iii) 2 copies of photograph of the Guarantor duly attested by the Applicant.
iv) Clean CIB.
v) Drawing of proposed house duly prepared by any civil/ Diploma Engineer and approved by local authority i.e. Chairman/ Mayor of Union Council/ City Corporation.
vi) Estimated Cost prepared by any civil/ Diploma Engineer.vii) Supporting papers/ certificate that may stand as a proof of income of the applicant.
viii) For salaried person minimum 3 years of working experience as permanent employee in Govt./Semi Govt./Autonomous/ Reputed Private organization.
ix) For businessmen, minimum 3 years business at stretch supported by Trade License.
05. Loan Limit/ Size
Minimum Tk.2.00 Lac to Maximum Tk.2.00 Crore. (Loan amount will be decided by the customers requirement and upon bank authorities satisfaction)
06. Duration/ Tenure
2 Years to 10 Years based on the age of the applicant, income & all other conceivable factors.
07. Interest rate, Fees & Charges
i) Interest 9.00%. (Subject to change as per banks discretion)
ii) Processing Fee, Stamp, CIB & Other relevant charges fixed by the bank will be borne by borrower as per Bank’s schedule of charges.
For more details, you can go through the official website: Pubali Bank Limited.