EBL Home Loan

EBL introduces the most convenient & practical Home Loan that suits your all home financing needs. Let it be for apartment purchase, home construction, extension or renovation - EBL is here with the ultimate solution for you. With so many attractive features in it - the home you wanted to buy, or to extend the existing one or renovate the same is no longer a distant dream.

Advance/Partial Prepayment - Anytime and any amount payment facility available, fee is 1% of the Advance/Partial Prepayment amount.

Additional Loan Top up facility available

Loan amount BDT 500,000 – BDT 1 Crore or 50 times of applicant’s Gross Monthly Income, whichever is lower. Loan up to 80% of the property value

Repayment tenure 3 years to 20 years

Home Loan Campaign Interest Rate: 10.5% (Floating) (up to December 31, 2010)
EBL Home Loan Interest Rate: 13% (Floating)

Bangladeshi citizen within age range 22 Years – 57 years

Length of Service/Business:
Salaried Executives: Minimum 3 year of experience with 6 month permanent employment with present employer; Contractual Employees of Supranational Organizations, inte

Salaried Executives


1. Letter of Introduction (LOI) strictly as per EBL’s format.
2. Offer letter or Release letter from previous employer to prove 3 yrs service experience (if applicant’s employment period in present service is less than 3 yrs)
3. Salary Slip/Certificate showing all deductions–latest 3 months
4. Bank Statement for the last 12 months
5. Declaration of other assets (if any)
6. Evidence of other income (if any)
7. Latest TIN Certificate/IT Return Acknowledgement Copy-only from main income holder & property owner


Self Employed/ Businessman/Others
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For self-employed


* Certificate of professional degree and certificate of membership from professional body – for self employed professionals
* Bank Statement for latest 12 months
* Declaration of other assets (if any)
* Evidence of other income (if any)

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Businessman


* Statement of Business details
* Latest IT Return Acknowledgement Copy with IT-10B form copy
* Latest Profit & Loss account and balance sheet of the business for businessmen
* Trade License as proof of business age/Memorandum of Association
* Company Statement for latest 18 months and self Bank Statement for latest 12 months
* Declaration of other assets (if any)
* Evidence of other income (if any)
* Latest schedule X. Form 117 in case latest schedule X is not available to substantiate share transfer
* Certificate of Incorporation
* Registered partnership deed from RJF for partnership concern

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Landlord


* Title deed of rented premises/property
* Valid rental deed with tenants
* Latest 12 months banks statements in applicant’s name
* Utility bill in the name of applicant for rented property

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NOTE:


* EBL may ask for Personal Guarantee from acceptable person if necessary.


Apartment Purchase – on private land


1. Ownership deed of the property (photocopy)
2. Bia deed for 25 years
3. Development agreement (joint venture) with the land owner (if any)
4. Registered Power of attorney
5. Recent Survey Report (math parcha duly attested)
6. Mutation parcha with mutation proposal sheet.
7. Duplicate carbon receipt with mutation order sheet.
8. CS. SA. RS porcha (PS. BS. RS. Porcha applicable only for Chittagong)
9. Up to date “Non encumbrance certificate” for 12 years
10. Up to date Land tax Receipt (if any)
11. Up to date Holding tax receipt.
12. Approved plan/Layout plan and approval letter by Rajuk/Authoruty.
13. Deed of agreement/Allotment letter.
14. Such other documents as required by the Banks appointed Lawyer.


Apartment Purchase – on government /leased land


1. Lease Deed/Ownership deed of land
2. Bia deed for 25 years
3. Development agreement (joint venture) with the land owner (if any)
4. Registered Power of attorney deed.
5. POA acceptance letter from concerned Govt. Authority.
6. Mutation letter from the relevant Govt. Office
7. Duplicate carbon receipt (DCR) with mutation order Sheet.
8. Up to date “Non encumbrance certificate” for 12 years
9. Up to date Land tax Receipt.
10. Up to date Holding tax receipt.
11. Permission from Lessor to mortgagee
12. Approved plan/Layout plan and approval letter by Rajuk/ Concerned Authority
13. Deed of agreement / Allotment letter.


House Construction/ Extension/ Renovation – on private land


1. Ownership/lease deed of land – original
2. Bia deed for 25 years
3. Recent Survey Report (math parcha duly attested)
4. Mutation parcha
5. CS, SA & RS Parcha
6. Up to date “Non encumbrance certificate” for 12 years
7. Up to date Land tax Receipt
8. Approved plan/Layout plan and approval letter by Rajuk/Authority
9. Proof of Property Insurance


House Construction/ Extension/ Renovation – on government/leased land


1. Ownership/lease deed of land – original
2. Bia deed for 25 years
3. Mutation letter from the relevant Govt. Office
4. Up to date Land tax Receipt
5. Permission from Lessor to mortgagee
6. Approved plan/Layout plan and approval letter by Rajuk/Authority
7. Proof of Property Insurance

Processing fee – 1.25% of the loan amount for the fresh applicants and 0% for the take-over loans