MDB REMITTANCE HOME LOAN

MDB Remittance Home Loan is EMI based home loan for non-residence Bangladeshi (NRBs) who are working abroad and remit foreign remittance through legitimate channel.



Title Details
Features & Purpose
  • House Construction
  • House or Apartment Renovation / Extension / Completion
  • Loan Amount ranges from BDT 500,000 to BDT 20,000,000
  • Competitive interest rate
  • Early full settlement and partial settlement allowed
  • No hidden charges
  • Quick loan processing
Eligibility

Nationality: Bangladeshi (non-resident) only

Experience:

  • Minimum 2 years’ continuation of working experience for all segments
  • Customer should maintain any kind of deposit account at least 1 (One) year with MDB/other schedule bank/any legitimate channel where remittance should be reflected

Age:

  • Minimum 21 year
  • Maximum age 65 years at the end of loan tenure

Minimum income requirement:

  • BDT. 75,000 equivalent FCY for all segments
  • Last 12 (Twelve) months average remittance [monthly] will be the applicant's monthly income

Joint Application: Joint application allowed
Tenure

03 Years to 25 (Twenty Five) Years

Location of the borrower

Primary Applicant / Main Borrower / Co-Borrower

  • Customer must have present address (in Bangladesh) within the areas where the bank has its own Branch/Sub Branch/Booth/ABCs at the time of availing the loan facility
Taxes, Duty, Surcharges

As per NBR circular
Highest Amount

Bank will finance maximum 75% of property value or BDT 2.00 crore whichever is lower as per Bangladesh Bank Guidelines (75:25 debt equity ratio)
Moratorium Period

In case of financing for construction purpose we may allow moratorium Period for 18 months (maximum) for Remittance home loan financing