Home Loan by AB Bank

Name

Home Loan

Description
1. Purchase of apartment/house within the Municipal areas of town/cities in Bangladesh.
2. Purchase of independent house not more than 5 years old.
3. Completion of construction of a new house.
Loan Amount
– BDT 500,000/- to BDT 1,00,000,00/-
– Maximum 80% of the value of the flat or construction cost for completion
Tenure
3 to 15 Years
Interest Rate
13.00% p.a.
Conditions
Security Registered mortgage of property supported by a registered irrevocable general power of attorney
Guarantee Personal guarantee of spouse/ parents/legal heir
Details
Charges Application fee: Tk. 500/-
Processing fee: 1% on the approved loan amount

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