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| MTB
Home Equity Loan |
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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 Home Loan outstanding to MTB with
both preferential interest rate and waiver on processing fees.
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
No
processing fee for additional 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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