Home loan BRAC Bank

Apon Ghar (Own Home) is the Home Loan product from Brac Bank with a difference. It is not just a loan, rather a complete solution stretching with five value added FREE services.

Brac Bank Apon Ghar provides you personal bank representative for information search till moving into the home. Brac Bank Apon Ghar helps find a home suitable for you taste, budget and area. In addition to these there are attractive privilege consultancy for: - Interior - Furniture & Soft Furnishing - Home Appliance - Color & Window Treatment - Light & Floor Apon Ghar is the quickest loan to get disbursed. Apon Ghar finds you Home with proper legal documents. Apon Ghar needs the least documentation for processing.

Product Type & purpose

Home Loan

Financing against purchase of your under-construction / semi-completed / completed / secondhand Apartment or house

Home Credit

Financing against Renovation / Extension / construction of your own home

Takeover

Financing against transfer of the current balance of your existing Housing loan to BRAC Bank

Customer Segment & Eligibility

Salaried Individuals

Total Job Experience is minimum 5 years & must be permanent in current job Minimum income is BDT 25,000/-

Businessmen / Self Employed Individuals / Landlords

Owner / Director of Proprietorship / Partnership / Private Limited Company Total Business Experience is minimum 5 years Minimum income is BDT 30,000

Product Features

Owner of the property must be the main borrower Mortgaged property must be located within the metropolitan area of Dhaka, Greater Dhaka where RAJUK Plan is available, Chittagong & Sylhet Applicants must be permanent resident of Bangladesh Minimum age 30 years & maximum age 65 years at the time of maturity Competitive Interest Rate Maximum loan tenor 20 years*

Processing Fees & Other Charges

Loan up to BDT 15 Lac is @ 2% on loan amount + VAT Loan above BDT 15 Lac is @ 1.5% on loan amount + VAT For Take Over cum Home Credit loan 1% on loan amount + VAT In case of Takeover, processing fee is 0.50% of loan amount +VAT Valuation charge @ 3500 + VAT in addition to the processing fee

Early settlement Fee

Processing Fee

2% of outstanding if settled within first 5 year + VAT 1% of outstanding if settled after 5 year + VAT

Partial pre-payment & fees

Minimum partial pre-payment amount is BDT 1,00,000 2%+VAT on pre-payment amount within first 5 years 1%+VAT on pre-payment amount after 5 year

Common Documents

Latest 01year personal bank statement Latest Tax Clearance Certificate (where applicable) - Photocopy of National ID Card / Passport - Allotment Letter/ Allotment Agreement/ Byna Deed for Home Loan - Registered ownership deed for Home Credit / Take Over Loan - Price quotation for Home Credit Loan

Salaried Individuals

Letter of Introduction (LOI) Latest 01year salary account statement

Businessmen

Trade License for last 5 years Latest 1 year bank statement of the company Registered partnership deed for partnership company MOA+ Certificate of Incorporation+ Latest Schedule X for Private Limited Company

Self-Employed

Certificate of membership of respective professional association Declaration on self-pad along with seal Certificate of Professional degree

Land Lord

Registered ownership deed Rental deed Copy of any utility bill (Electricity/ Water/Gas)

For any banking needs please call 24 hour Phone Banking: 01819 230000 or e-mail us at enquiry@bracbank.com

We will soon be in touch with you