| Home Loan Shield |
| Individual Home Loan scheme for |
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- Purchase of apartment or IDLC approved housing plot
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- Construction, renovation or extension of house
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- Purchase of commercial space or shop or showroom for professionals
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- Home equity loan for any purpose against mortgage of own property
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- Home loan under Bangladesh Bank refinancing scheme
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| Special Benefits of Home Loan |
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- Equal consideration for all applications irrespective of any professions
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- Dedicated and supportive service both before and after disbursement
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- Option to choose either Fixed or Variable rate of interest
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- Loan sanction within shortest possible time
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- Loan sanction option before starting construction of the building or purchase of the apartment
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- Early pre-payment option either in part or full with convenient conditions
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- Attractive income tax rebate on yearly interest payment on home loan up to Tk 2 million
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- Municipality holding tax rebate
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- Maximum loan offering to Non Resident Bangladeshi (NRB)
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| Eligibility |
| We assess applicant’s and co-applicant’s monthly net disposable income, age, qualifications, value of the immovable property, number of family members and dependants, monthly expense, other fixed obligations, nature of job / business and savings habit. |
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| Loan Amount |
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| Residential |
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- 70% of the purchase price including registration cost or 80% of the construction cost
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| Commercial Space |
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- 50% of the purchase price including registration cost
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| Loan Term |
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| Residential |
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- Maximum 20 years but applicant’s age should not exceed 60 years.
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| Commercial Space |
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| Repayment Mode |
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| The entire loan to be repaid by Equated Monthly Installments (EMI) |
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| Security |
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| Mortgage of the property itself or any other security acceptable to IDLC. |
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| Interest Rate & Fees |
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| We offer you a competitive interest rate and low fees. We set individual rates on the basis of a customer’s financial status, amount borrowed and repayment terms. Please contact any of our branch offices for current rate & fees. |
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| Frequently Asked Questions about Products |
