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 20,000,000.
- 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
|
| 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 |
|
|
| Taxes, Duty, Surcharges |
|
|
| 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)
|
