Mutual Trust Bank Ltd.
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MTB Home Equity Loan
 
Planning to build/uplift/renovate a home or furnish your home? MTB Home Equity loan provides a packaged financial assistance to individuals for fulfillment of your dream home. It’s time to get your coveted home by MTB Home Equity Loan.

Features:
 
   Loan for house construction, extension, renovation, face upliftment, finishing work
   Loan amounts from BDT 5,00,000 to BDT 1,00,00,000
   Loan tenor from 3 to 25 years
   Loan amount up to 70% of the property value
   Financing at different stages of construction work
   Partial disbursement facility of approved loan
   Aggregation of co-applicant’s income
   Competitive interest rates
   Quick and simple processing and approval time
   Partial or early settlement options available

Eligibility:

   Any financially able person
   Age: minimum 21 to maximum 65 years at loan maturity
   For 100% cash covered loan: Age - minimum 18 to maximum 70 years at loan maturity
   Minimum Income Range:
    Salaried person Tk 25,000
    Self employed Tk 30,000
    Businessperson/Land lord/Land lady Tk 40,000

   Experience
    Salaried person : 3 years
    Self employed : 3 years
    Businessperson : 3 years

Loan Takeover Plan:

An exclusive offer for other bank’s credit worthy customers who can now transfer their outstanding Home Loan to MTB with special privileges.

Eligibility:

   Minimum 12 months loan EMI repayment history with existing bank
   Property location and other eligibility criteria of general loan are applicable

Benefits of Takeover Plan:

   Additional loan amount facility over takeover amount
   No processing fee for takeover loan amount

Required documents:

    Loan application
    Applicant’s National ID/Driving License/Passport copy
    Photographs of applicants (Studio photo)
    Salary certificate for salaried person
    Trade license for businessperson
    Personal and business account statement for last one year
    Applicant’s TIN certificate
    Copies of all existing loans’ sanction letter and repayment history for last one year
    Rental deed for rental income and ownership deed of rented property
    Deed of agreement/property ownership deed
    Other all property related documents’ copy

 
 
 
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