MDB HOME LOAN

Home is where the heart is. Experience and cherish your desired home with MDB Home Loan.

Title	Details
Feature & Purpose	Apartment/House Purchase House Construction / Renovation / Extension / Completion Takeover of existing home loan from any Bank / Financial Institution Loan Amount ranges from BDT 500,000 to BDT 20,000,000 Repayment tenure of 3 years to 25 years Competitive interest rate No Processing fee for Take over home loans from other Banks/ Financial Institutions Early full settlement and partial settlement allowed No hidden charges Quick loan processing Life Insurance facilities are available as per customer’s choice
Eligibility	Experience : Salaried Executives (Multi National Company): Minimum 1 years experience Salaried Executives (other than Multi National Company): Minimum 2 years experience Self Employed : (Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant, IT Professionals etc.) with Minimum 2 years experience Business Person : Minimum 2 years of involvement in business
	Age : Minimum : 21 years Maximum : 62 years (For Salaried) and 65 years (For Others) at the end of loan tenor
	Minimum Gross Monthly Income : Govt. Employees : Minimum BDT 40,000 per Month Salaried Executives : Minimum BDT 50,000 per Month Professionals / Business Persons: Minimum BDT 50,000 per Month
	Joint Application : Joint application allowed
Tenure	Maximum 25 (Twenty Five) years
Benefit	No processing fee for loan takeover from other Bank & NBFI
Taxes, Duty, Surcharges	As per NBR circular
Highest Amount	Bank will finance maximum 70% of property value or BDT 2.00 crore whichever is lower as per Bangladesh Bank Guidelines (70:30 debt equity ratio)
Moratorium Period	In case of financing for construction purpose we may allow moratorium Period for 12 months (maximum) for home loan financing. During the moratorium period applicant will pay only interest amount against the draw down amount and all phase must be availed within twelve (12) months from the date of 1st disbursement or within the moratorium period (whichever is earlier).
Proposed income included for construction purpose	In case of financing for construction purpose, we may consider projected income from the proposed mortgaged property
TPA Process	Allowed Tri partite Agreement (TPA) with top listed developers
Conditional Approval	Allowed conditional approval. After getting applicants income related documents bank will provide conditional approval very shortly subject to clean Legal vetting and Valuation report.

MDB CAR LOAN

Enjoy the freedom of driving your own car with MDB Car Loan.

Title	Details
Features	Car loan for purchase of brand new or reconditioned car (for private use only) Loan Amount ranges from BDT 200,000 to BDT 4,000,000 Repayment tenure of 12 months to 60 months Competitive interest rate Early full settlement and partial settlement allowed No hidden charges Quick loan processing
Eligibility	Experience : Salaried Executives : Minimum 2 years’ experience with 6 months employment with present employer Self Employed : (Doctors, Architects, Engineers, Chartered Accountant and Certified Consultant, IT Professionals etc.) with Minimum 2 years’ experience Businessperson : Minimum 2 years of involvement in business
	Age : Minimum : 21 Years Maximum : 62 years (For Salaried), 65 Years (For Others) (at the end of loan tenor)
	Minimum Gross Monthly Income : Govt. Employees : Minimum BDT 25,000 per Month Salaried Exec. : Minimum BDT 30,000 per Month Professionals/Businessperson : Minimum BDT 30,000 per Month
	Joint Application : Joint application allowed
Tenure	Maximum 5 (five) years
Purpose	For purchasing new or reconditioned car
Benefit	Quick loan processing
Taxes, Duty, Surcharges	As per NBR circular
Highest Amount	Bank will finance maximum 50% of car quotation price or BDT 40 lac whichever is lower

MDB SECURED LOAN

MDB Secured Loan delivers a fast and hassle free solution to your quick finance needs.

Title	Details
Features	Loan Amount ranges from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities 100% cash secured loan Repayment tenure of 12 months to 60 months Competitive interest rate Early full settlement allowed No hidden charges Quick loan processing
Eligibility	Any individual (aged between 21 to 70 years) having an Fixed Deposit or other securities like Wage Earner's Bond, Monthly Savings Scheme etc. are eligible to apply.
Tenure	Maximum 5 (five) years
Purpose	Finance against Fixed Deposits/ Other Cash Securities
Benefit	Early full settlement allowed
Taxes, Duty, Surcharges	As per NBR circular
Highest Amount	Bank will finance from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities

MDB SECURED OVERDRAFT

MDB Secured Overdraft offers a flexible, fast and hassle-free solution to your quick cash requirements.

Title	Details
Features	Revolving credit facility Credit facility amount ranges from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities 100% cash secured loan Competitive interest rate Interest charged only for the amount you have drawn Option of renewal / increase limit/ decrease limit at your request No hidden charges Quick loan processing
Eligibility	Any individual (aged between 21 to 70 years) having an Fixed Deposit or other securities like Wage Earner's Bond, Monthly Savings Scheme etc. are eligible to apply.
Tenure	Revolving credit facility
Purpose	Finance against Fixed Deposits/ Other Cash Securities
Benefit	Option of renewal / increase limit/ decrease limit at your request
Taxes, Duty, Surcharges	As per NBR circular
Highest Amount	Bank will finance from BDT 50,000 to maximum 90% of Fixed Deposits/ Other Cash Securities

MDB AMAR BARI

 

MDB Amar Bari is a specially designed Home Loan product targeting mainly the semi-urban and rural customers for Home Construction / Home Renovation, Extension & Completion, Home Loan Take Over for own or rental purpose (for residential use only).

 

Title		Details
Product Range		Home Construction Finance Facilitate construction of tin-roof / tally-roof and brick walled residential house (semi-pacca) and pacca building Home Renovation / Extension / Completion Finance Facilitate renovation / extension / completion of existing tin-roof / tally roof and brick walled residential house (semi-pacca) and pacca building owned by the applicant(s). Home Loan Take Over & Renovation / Construction Finance To purchase customer’s liability against the property to be financed from other Bank / Financial Institution (FI) and additional amount for renovation of the house or apartment.
Loan period		Minimum Tenor 3 years (36 months) Maximum Tenor 10 years (120 months)
Loan Amount		Minimum Loan Amount BDT 500,000/- (Five Lac Taka) Only Maximum Loan Amount BDT 3,000,000/- (Thirty Lac Taka) Only
Product Feature		Customer will get 50% discount from general processing fee if he/she installs solar panel / Bio Gas plant for electricity generation at the proposed property No Early settlement fee No Partial settlement fee
Moratorium Period		Maximum 06 (six) months from the date of disbursement in case of single-phase disbursement drawdown or from the date of first partial disbursement in case of multi-phase disbursement.
Location of the property to be financed		All locations where Midland Bank Ltd. (MDB) has its presence.
Product Range		Home Construction Finance Facilitate construction of tin-roof / tally-roof and brick walled residential house (semi-pacca) Home Renovation / Extension / Completion Finance Facilitate renovation / extension / completion of existing tin-roof / tally roof and brick walled residential house (semi-pacca building) owned by the applicant(s)
Proposed income included for construction purpose		In case of financing for construction purpose, we may consider projected income from the proposed mortgaged property. However, clients are solely depends on projected rental income will not be allowed for financing.