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EBL Home Loan

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

EBL started its operations in 1992 and has since become a prominent player in the market, with a strong focus on IT, corporate governance, and delivering exceptional service. The bank is recognized for its commitment to providing innovative products and services, as well as offering a top-notch banking experience to its customers. EBL is widely regarded as the most awarded bank in Bangladesh, having received numerous accolades for its outstanding performance. Additionally, it is the first bank in the country to receive a rating from Moody’s, a leading global credit rating agency. EBL has also been recognized as the Best Retail Bank in Bangladesh for the past six years in a row.

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Interest Rates

The interest rate for a Registered Mortgage is 8.50% for all three types of purchases: flat purchase, building purchase, and commercial space. In other words, regardless of the type of property you’re purchasing, if you opt for a Registered Mortgage, you will be charged an annual interest rate of 8.50% on your loan balance.

Eligibility Criteria

To be eligible for a loan, you must meet the following criteria: be at least 22 years old, earn a minimum monthly income of BDT 30,000, have at least 2 years of job/work experience, and have a minimum of 3 years of trade license or business experience. Additionally, a guarantor is not required for the loan.

Features

-Borrow up to BDT 2.00 Crore

-Borrow up to 70% of the property value

-Maximum tenor of 25 years

-Grace period is allowed

-Optional life insurance coverage

-Competitive interest rate

-Advance or partial prepayment allowed

-Property age must not exceed 25 years at the time of loan sanction and 45 years at the end of loan tenor

Fee Structure

-Early settlement fee is 0.575% of the principal outstanding

-Early settlement is allowed after 6 monthly instalment payments

-Partial or full settlement fee is 0.575% of the principal outstanding

-Partial settlement fee is 0.575% of the principal outstanding

-Full settlement fee is 0.575% of the principal outstanding

income criteria (salaried and business)

Tk. 40, Salaried: Tk. 30,000

– Businessman: Tk. 50,000

– Professionals 000

preferred segment of client

– Salaried individuals

– Businessperson

– Landlord

– Professionals

Documents Required

Property related documents for Freehold properties:

  • Deed of Agreement between Purchase & Seller
  • Deed of Agreement between Developer and Land owner (if applicable)
  • Bia-Deed (Chain of Ownership)
  • Sale Deed (Last original Sale Deed)
  • Power of Attorney between Land Owner & Developer (if any)
  • Up to date Ground Rent Receipt (Land Tax Receipt)
  • Up to date Municipal Holding Tax Payment Receipt
  • Up to date Non-Encumbrance Certificate (NEC)
  • Mutation Parcha with DCR (Certified by Assistant Commissioner)
  • Certified C.S./S.A./R. Parcha
  • Toshdik by Mahanagar Jarip Parcha
  • Approval Letter with plan from RAJUK/CDA/Municipality
  • Any other documents as required by the Banks appointed Lawyer

Property related documents for Leasehold properties:

  • Original Lease Agreement
  • Lease Deed (Last ownership deed)
  • Bia-Deed (Chain of Ownership)
  • Possession handover letter
  • Land measurement report
  • Power of Attorney between Land Owner & Developer (if any)
  • Power of Attorney accepted by the concern authority
  • Deed of Agreement between Developer and customer (if applicable)
  • Mutation Parcha with DCR (Accepted by concern authority)
  • Up to date Ground Rent Receipt (Land Tax Receipt)
  • Up to date Municipal Holding Tax Payment Receipt
  • Up to date Non-Encumbrance Certificate (NEC)
  • Toshdik by Mahanagar Jarip Parcha
  • Approval Letter with plan from RAJUK/CDA/Municipality
  • Any other documents as required by the Banks appointed Lawyer

Income related documents for Salaried Individuals:

  • National ID Card of APPLICANT & CO-APPLICANT
  • 2 copies recent colored photo of APPLICANT & CO-APPLICANT
  • Letter of Introduction (LOI) as per EBL format
  • Proof of 3-year service experience (if applicant’s employment period in present service is less than 3 years)
  • Latest 3-month Pay Slip showing all breakdowns (if any)
  • Latest 12-month Bank statement
  • TIN Certificate and latest tax return acknowledgement copy
  • CIB undertaking
  • Any other document deemed necessary

Income related documents for Business Profile:

  • National ID Card of APPLICANT & CO-APPLICANT
  • 2 copies recent colored photo of APPLICANT & CO-APPLICANT
  • Trade license copy (latest 3-year and inception)
  • Certificate of Incorporation (for limited companies)
  • Memorandum and Articles of Association, latest Schedule X & XII (for limited companies)
  • Registered Partnership Deed (for partnership business)
  • Latest 12-month Bank statement (Company & Self)
  • TIN Certificate and latest tax return acknowledgement copy
  • CIB undertaking
  • Any other document deemed necessary

Income related documents for Landlords:

  • National ID Card of APPLICANT & CO-APPLICANT
  • 2 copies recent colored photo of APPLICANT & CO-APPLICANT
  • Title Deed of rented property
  • Valid rental deed copy
  • Latest 12-month Bank statement with 30% rental income reflection
  • Utility bill copy in the name of applicant for rented property
  • TIN Certificate and latest tax return acknowledgement copy
  • CIB undertaking
  • Any other document deemed necessary

 

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

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