Features:

• Loan for residential apartment/house purchase
• Loan amounts from BDT 5,00,000 to BDT 2,00,00,000
• Loan tenor from 3 to 25 years
• Loan amount up to 70% of the property value
• Aggregation of co-applicant’s income
• Competitive interest rate
• Quick and simple processing and approval time
• Loan for apartment under construction
• Partial or early settlement options available

Eligibility:

• Any financially able person
• Age: minimum 21 and maximum 65 years at loan maturity
• For 100% cash covered loan: Age- minimum 18 and maximum 70 years at loan maturity
• Minimum Income Range:
  • Salaried person Govt. BDT 25,000
  • Salaried Executives BDT 40,000
  • Self-employed BDT 50,000
  • Businessperson/Land lord/Land lady BDT 50,000
• 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
• Apartment allotment letter/Deed of agreement/property ownership deed
• Other all property related documents’ copy