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
  • Allowed without any fee.
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)

MDB Saalam Consumer Finance

 
Title Details
Feature
  • Investment Amount ranges from BDT 50,000 to BDT 2,000,000
  • Repayment tenure of 12 months to 60 months.
  • Competitive profit rate
  • Early full settlement and partial settlement allowed without any charge.
  • Quick processing
  • Fully Shariah complied.
Eligibility Experience :
  • Government Employee: Confirmed employee and 3 months salary should be credited in the account.
  • Employee of Multinational Companies: Confirmed employee with at least 1 year working experience and 3 months salary should be credited in the account.
  • Other Salaried: Must be confirmed employee having 2 years work experience including 3 months at present employer.
  • Self Employed: Must have minimum 2 years experience
  • Businessperson: Must have minimum 2 years business experience
  • Contractual employees: Minimum length of service is 3 years. Last two contract renewal documents to be provided.
Age :
  • Minimum : 21 years
  • Maximum : 65 years
Minimum Net Monthly Income :
Category Minimum Requirement
Salaried(Government, Autonomous body and MPO enrolled employee) Tk. 18,000/- per month
Other Salaried (other than Govt.) Tk. 18,000/- per month
Self-employed, Businessman & Landlord Tk. 30,000/- per month
Joint Application :
  • Joint application allowed
Tenure
  • Maximum 5 (five) years
Purpose
  • To purchase any Shariah permissible products and consumer durables.
Benefit
  • No early/partial settlement fee.
Taxes, Duty, Surcharges
  • As per NBR circular

MDB Saalam Bike Finance

Drive your own bike with MDB Saalam Bike Finance. Only for Female customers.

Title Details
Feature
  • Investment for purchase of brand new Motor Bike (Motor Cycle).
  • Investment Amount ranges from BDT 50,000 to BDT 2,50,000
  • Repayment tenure of 06 months to 36 months.
  • Competitive Profit rate.
  • Early full settlement and partial settlement allowed without any fee.
  • Quick processing
Eligibility Experience :
  • Permanent Salaried Executives: Minimum 1 year of continuous experience (including probation period) with 6 months employment with present employer.
  • Contractual Salaried Executives: Only Medical Representative Officer of reputed pharmaceutical company having 2 years of experience with at least 12 months in current organization
  • Self Employed: Minimum 2 years of practice in the profession as per BMDC/Professional Certification.
  • Business person: Minimum 2 years of continuous business experience as per Trade License copy
Age :
  • Primary applicant / borrower’s minimum age should be 21 years
Minimum Net Monthly Income :
Category Minimum Requirement
Salaried Tk. 30,000/- per month
Self Employed/ Businessman Tk. 30,000/- per month
Joint Application :
  • Spouse only
  • Total gross monthly income of Principal and Joint applicant should be minimum BDT 30,000 per month.
Shariah Mode
  • HPSM
Tenure
  • Minimum 6 months to Maximum 36 (thirty six) months.
Purpose
  • For purchasing Motor Bike (Motor Cycle)
Age of The Vehicle
  • Maximum 2 years old model at the time of financing. Electric/ Battery driven Motor Bike is excluded.
Benefit
  • Quick processing
Taxes, Duty, Surcharges
  • As per NBR circular
Highest Amount
  • Bank will finance maximum 250,000.00 or 70% of Motor Cycle Price

MDB Saalam Auto Finance

Drive your own car with MDB Saalam Auto Finance.
Title Details
Features
  • Auto Finance is for purchase of brand new, reconditioned and registered used car (for personal use only)
  • Investment Amount ranges from BDT 200,000 to BDT 4,000,000
  • Repayment tenure of 12 months to 72 months
  • Competitive Profit rate
  • Early full settlement and partial settlement allowed
  • Quick processing
Eligibility Experience :
  • Government Employee: Confirmed employee and 3 months salary should be credited in the account.
  • Employee of Multinational Companies: Confirmed employee with at least 1 year working experience and 3 months salary should be credited in the account.
  • Other Salaried: Must be confirmed employee having 2 years work experience including 3 months at present employer.
  • Self Employed: Must have minimum 2 years experience
  • Businessperson: Must have minimum 2 years business experience
  • Contractual employees: Minimum length of service is 3 years. Last two contract renewal documents to be provided.
Age :
  • Minimum : 21 years
  • Maximum : For salaried segment 65 years or retirement date whichever is earlier at investment maturity for salaried segment. For other segment- 65 years
Minimum Net Monthly Income :
Category Minimum Requirement
Salaried Executives (Govt.) Tk. 25,000/- per month
Salaried Executives (other than Govt.) Tk. 25,000/- per month
Self-employed, Businessman & Landlord Tk. 30,000/- per month
Joint Application :
  • Joint application allowed
Shariah Mode
  • HPSM
Tenure
  • Maximum 6 (six) years
Purpose
  • Brand new, reconditioned and registered used car
Benefit
  • Quick 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 Saalam SME Bai Muajjal

Economy and business atmosphere of our country is growing and changing rapidly. To cater the growing demand of Shariah compliant investment opportunity, MDB Saalam has come up with faster & affordable financing solution for Small & Medium Enterprise customers. The ‘MDB Saalam SME Bai Muajjal’ shall fulfill the demand of working capital to its existing & potential customers.

Key features on MDB Saalam SME Bai Muajjal are as follows:
Title Details
Name of product
  • MDB Saalam SME Bai Muajjal
Nature of product
  • To finance working capital requirement of Bank’s SME Clients.
Mode of investment
  • Bai- Muajjal
Target Customers
  • MSME entrepreneurs, Organizations any business organization, in need of shariah compliant working facility financing for valid business reason.
Amount
  • Any amount as per sanction letter.
Profit rate
  • Profit rate should be as per sanction letter of the client.
Tenor
  • Depending on cash cycle of the client, the tenor of this facility may vary from 30 days to 360 days.

MDB Saalam - SME Shirkatul Melk

 

Economy and business atmosphere of our country is growing and changing rapidly. To cater the growing demand of Shariah compliant investment opportunity, MDB Saalam has come up with faster & affordable financing solution for Small & Medium Enterprise customers. The ‘MDB Saalam - SME Shirkatul Melk’ shall fulfill the demand of terminating term financing facility to its existing & potential customers for financing projects, fixed assets, machinery, vehicle/ transport for own/ commercial use, take over liability against fixed asset from other banks, etc.

Key features on MDB Saalam- SME Shirkatul Melk are as below:
Title Details
Name of product
  • MDB Saalam-SME Shirkatul Melk
Purpose of the product
  • To financing projects, fixed assets, machinery, vehicle/ transport for own/ commercial use, take over liability against fixed asset from other banks, etc.
Target Customers
  • MSME entrepreneurs, Organizations, any business organization, in need of shariah compliant term financing for valid business reason.
Mode of investment
  • Hire purchase under Shirkatul Melk
Amount of equity financing from Bank’s part
  • Maximum Up to BDT. 5.00 Crore
Tenor of Investment
  • More than 01 year to maximum 8 years.