This scheme is designed for middle and lower middle class customers to purchase or construct new apartment for own dwelling with in the area of 6 city corporation areas (Dhaka, Chittagong, Rajshahi, Khulna, Sylhet, Barishal) and municipality areas of Tongi, Gazipur, Savar and Narayangonj.

ELIGIBILITY

• Applicant's Monthly gross income is with in Tk. 50,000/-
• Applicant"s those who have no house/ apartment either in their name or their spouse/ children's name in the areas specified above
• Applicant's those who have not yet availed home loan from any bank/ financial institutions
• For salaried applicants, officially those who have no employee housing loan scheme or those have so but still not avail the facilities are eligible for this loan
• The property itself will be kept mortgaged as security

FEATURES

• Maximum loan amount is Tk. 2,000,000/-
• Maximum loan term is 20 years
• The insurance coverage ranges from Taka 200,000/- to Taka 10,000,000/-.
• Maximum size of apartment is 1250 sft.
• Moratorium period is 1 year
• Entire loan can be disbursed with in one year from the date of first disbursement