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Schedule of Charges

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	Schedule of Charges for Retail Lending

Apon Ghar (Own Home) is the Home Loan product from Brac Bank with a difference. It is not just a loan, rather a complete solution stretching with five value added FREE services.

	Brac Bank Apon Ghar provides you personal bank representative for information search till moving into the home.

	Brac Bank Apon Ghar helps find a home suitable for you taste, budget and area. In addition to these there are attractive privilege consultancy for:

	- Interior

	- Furniture & Soft Furnishing

	- Home Appliance

	- Color & Window Treatment

	- Light & Floor

	Apon Ghar is the quickest loan to get disbursed.

	Apon Ghar finds you Home with proper legal documents.

	Apon Ghar needs the least documentation for processing.

Product Type & purpose

Home Loan

Financing against purchase of your under-construction / semi-completed / completed / secondhand Apartment or house

Home Credit

Financing against Renovation / Extension / construction of your own home

Takeover

Financing against transfer of the current balance of your existing Housing loan to BRAC Bank

Customer Segment & Eligibility

Salaried Individuals

	Total Job Experience is minimum 5 years & must be permanent in current job

	Minimum income is BDT 25,000/-

Businessmen / Self Employed Individuals / Landlords

	Owner / Director of Proprietorship / Partnership / Private Limited Company

	Total Business Experience is minimum 5 years

	Minimum income is BDT 30,000

Product Features

	Owner of the property must be the main borrower

	Mortgaged property must be located within the metropolitan area of Dhaka, Greater Dhaka where RAJUK Plan is available, Chittagong & Sylhet

	Applicants must be permanent resident of Bangladesh

	Minimum age 30 years & maximum age 65 years at the time of maturity

	Competitive Interest Rate

	Maximum loan tenor 20 years*

Processing Fees & Other Charges

	Loan up to BDT 15 Lac is @ 2% on loan amount + VAT

	Loan above BDT 15 Lac is @ 1.5% on loan amount + VAT

	For Take Over cum Home Credit loan 1% on loan amount + VAT

	In case of Takeover, processing fee is 0.50% of loan amount +VAT

	Valuation charge @ 3500 + VAT in addition to the processing fee

Early settlement Fee

Processing Fee

	2% of outstanding if settled within first 5 year + VAT

	1% of outstanding if settled after 5 year + VAT

Partial pre-payment & fees

	Minimum partial pre-payment amount is BDT 1,00,000

	2%+VAT on pre-payment amount within first 5 years

	1%+VAT on pre-payment amount after 5 year

Common Documents

	Latest 01year personal bank statement

	Latest Tax Clearance Certificate (where applicable)

	- Photocopy of National ID Card / Passport

	- Allotment Letter/ Allotment Agreement/ Byna Deed for Home Loan

	- Registered ownership deed for Home Credit / Take Over Loan

	- Price quotation for Home Credit Loan

Salaried Individuals

	Letter of Introduction (LOI)

	Latest 01year salary account statement

Businessmen

	Trade License for last 5 years

	Latest 1 year bank statement of the company

	Registered partnership deed for partnership company

	MOA+ Certificate of Incorporation+ Latest Schedule X for Private Limited Company

Self-Employed

	Certificate of membership of respective professional association

	Declaration on self-pad along with seal

	Certificate of Professional degree

Land Lord

	Registered ownership deed

	Rental deed

	Copy of any utility bill (Electricity/ Water/Gas)

For any banking needs please call 24 hour Phone Banking: 01819 230000 or e-mail us at enquiry@bracbank.com

We will soon be in touch with you

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24 Hour Phone Banking
+88 01819 230000