Facebook Twitter Linkedin
Whatsapp
Whatsapp

IPDC Finance Limited Home Loan

Bank Summary
Interest Rates
Eligibility Criteria
Features
Fee Structure
Documents Required
Bank Summary

IPDC Finance Limited is a leading non-bank financial institution in Bangladesh, providing a range of financial products and services including corporate finance, SME finance, consumer finance, and investment banking. The company was established in 1981 as the first private sector financial institution in the country, and it has since played a key role in the development of the country’s financial sector.

Contact Us
To apply please fill out this form.
We will contact you soon.
Interest Rates

Starting from 8.99%

Eligibility Criteria

-Applicants must be between the ages of 25 and 65, or the retirement age, whichever is earlier.

-Applicants must have a minimum monthly income of 50,000 rupees.

-A guarantor may be required, depending on the applicant’s profile.

-Applicants must have at least one year of total work experience, with a minimum of six months at their current employer.

-If applying as a business owner, the trade license or business must be at least three years old as of the application date.

Features

-The loan amount can be up to 85% of the property value, based on the valuation report.

-The loan tenure can range from 5 to 25 years.

-Financing is available for up to 75% of the construction cost.

-Partial and full settlement facilities are available.

-There are no hidden charges associated with this loan.

Fee Structure

50% waiver from the card rate for Probashirealty clients
Current card rate: 1% (for Probashirealty clients: 0.5%)

Age Of Applicant And Co-Applicant

min Age: 25 & Co-App min age: 18

Income Criteria (Salaried And Business)

Minimum income 50,000/- as per our assessment.

Preferred Segment Of Client

– Doctor

– Salaried person

– Govt. Employee

– Businessmen with good profile

– Landlord

Non-Preferred Segment Of The Client (Negative List)

– Lawyer

– Politically Exposed Person (PEP)

– Journalist

– Other negatively listed people”

Key Features

-The loan processing is faster than usual, ensuring quicker access to funds.

-Valuation and legal document validation are carried out promptly, ensuring swift loan disbursal.

-The loan amount can be up to 85% of the property value, based on the valuation report.

-Competitive interest rates are offered.

-Each client is assigned a dedicated Relationship Manager to assist with their loan application and other needs.

Other Fees

Early settlement fee:

  • If the loan is settled within the first 5 years, an early settlement fee of 2% + VAT of the outstanding loan amount will be charged.
  • If the loan is settled after 5 years, the early settlement fee will be 1% + VAT of the outstanding loan amount.

Partial/Full settlement fee:

  • Customers can make a partial payment of up to 20% of the year opening balance of the outstanding principal amount without any pre-payment charge.
  • If the pre-payment amount exceeds the 20% limit, the following charges will apply:
    • If settled within the first 5 years, a pre-payment charge of 2% + VAT of the pre-payment amount will be charged.
    • If settled after 5 years, a pre-payment charge of 1% + VAT of the pre-payment amount will be charged.
Loan Tenure

Maximum 25 years

Documents Required

Freehold properties:

  • Ownership deed of land/property
  • Mutation set with DCR in the name of the present owner
  • Up-to-date Land Tax Receipt
  • Recent Survey Report (City Jorip Khatian duly attested)
  • Certified C.S., S.A. & R.S. Khatian/Parcha
  • Development agreement (Joint venture agreement) with the landowner
  • Power of attorney (if any)
  • Baya deed for 25 years
  • Approved plan and approval letter from Rajuk/concerned authority
  • Updated Non-Encumbrance Certificate (NEC)
  • Memorandum and Article of Association of the developer company (required once for a company)
  • Project brochure and updated Board of Resolution

Leasehold properties:

  • Lease deed/ownership deed
  • Sale/Mutation permission from the concerned authority
  • AC land mutation with DCR
  • Up-to-date Land Tax Receipt
  • Recent Survey Report (City Jorip Khatian duly attested)
  • Development agreement (Joint venture agreement) with the landowner
  • Power of attorney with acceptance letter from the concerned authority
  • Baya deed for 25 years
  • Approved plan and approval letter from Rajuk/concerned authority
  • Updated Non-Encumbrance Certificate (NEC)
  • Memorandum and Article of Association of the developer company (required once for a company)
  • Project brochure and updated Board of Resolution

Documents from Individual: (Salaried, Business Person. Landlord, Other income source)

Salaried Individual:

Business Profile: :

Landlord:

Other Income related documents:

– Copy of ownership document of rental properties

– Copy of Savings instrument

– Other proof of income

Contact Us
To apply please fill out this form. We will contact you soon.

Compare listings

Compare