MDB Saalam Home Finance

SAALAM Home Finance is Purchase/construction/renovation of House/Apartment.

Title Details
Feature & Purpose
  • Apartment/House Purchase
  • House Construction / Renovation / Extension / Completion
  • Takeover of existing home finance from any Bank / Financial Institution Investment Amount ranges from BDT 500,000 to BDT 40,000,000.
  • Repayment tenure of 3 years to 25 years
  • Competitive profit rate
  • No Processing fee for Take over amount of home finance from other Banks/ Financial Institutions.
  • Early full settlement and partial settlement allowed without any fee.
  • Quick processing
Special Features

Exclusive Rate Benefits are available to the following eligible professionals:

  • Registered Medical Doctors
  • Engineers
  • Chartered Accountants (CA)
  • Chartered Secretaries (CS)
  • Architects
  • Dentists
  • Veterinary Doctors
  • Teachers of renowned schools and colleges
  • Teachers of UGC-approved Universities
  • Permanent Government Officials
  • Cost & Management Accountants (CMA)
  • Information Technology (IT) Professionals
  • Bankers
Additional Benefits:
  • Credit Card Facility: Eligible professionals may avail a Credit Card facility, subject to the Bank’s prevailing eligibility, credit assessment and applicable terms and conditions.
  • Concessional Rate: Customers maintaining a DPS of BDT 5,000 or above for 5 years or more, without default or premature encashment, may enjoy an additional concessional interest rate on eligible loan facilities.
Eligibility Experience :
  • Salaried Executives (Govt): Must be confirmed employee.
  • Salaried Executives (others): Minimum 2 years experience with 3 months employment with present employer.
  • Businessman: Minimum 2 years business experience.
  • Self Employed (Professional): Minimum 2 years professional experience.
  • Landlord: No experience.
Age :
  • Minimum : 21 years
  • Maximum : 65 years for Salaried employees and 70 years for others at the end of investment tenor.
Minimum Net Monthly Income :
Category Minimum Requirement
Salaried Executives (Govt.) Tk. 40,000/- per month
Salaried Executives (other than Govt.)/ Self employed/Businessman & landlord Tk. 50,000/- per month
Joint Application :
  • Joint application is mandatory but limited to family member viz. Spouse, Parents, Siblings (Brothers & Sisters), and Children only
Tenure
  • Minimum 3 years to Maximum 25 (Twenty Five) years
Partial/Early Settlement
  • Allowed without any fee.
Taxes, Duty, Surcharges
  • As per NBR circular
Highest Amount
  • Bank will finance a maximum of 70% of property value. The maximum financing amount is up to BDT 4.00 crore, as per the updated Bangladesh Bank Guidelines (70:30 debt-equity ratio).
FAQ