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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. |
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BRAC Bank Apon Ghar provides you personal bank representative for information search till moving into the home. |
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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: |
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- Interior |
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- Furniture & Soft Furnishing |
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- Home Appliance |
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- Color & Window Treatment |
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- Light & Floor |
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Apon Ghar is the quickest loan to get disbursed. |
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Apon Ghar finds you Home with proper legal documents. |
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Apon Ghar needs the least documentation for processing. |
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| Product Type & purpose |
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| Home Loan |
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Financing against purchase of your under-construction / semi-completed / completed / secondhand Apartment or house |
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| Home Credit |
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Financing against Renovation / Extension / construction of your own home |
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| Takeover |
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Financing against transfer of the current balance of your existing Housing loan to BRAC Bank |
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| Customer Segment & Eligibility |
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| Salaried Individuals |
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Total Job Experience is minimum 3 years & must be permanent in current job |
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Minimum income is BDT 25,000/- |
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| Businessmen / Self Employed Individuals / Landlords |
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Owner / Director of Proprietorship / Partnership / Private Limited Company |
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Total Business Experience is minimum 3 years |
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Minimum income is BDT 30,000 |
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| Product Features |
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Owner of the property must be the main borrower |
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Mortgaged property must be located within the metropolitan area of Dhaka, Greater Dhaka where RAJUK Plan is available, Chittagong & Sylhet |
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Applicants must be permanent resident of Bangladesh |
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Minimum age 25 years & maximum age 65 years at the time of maturity |
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Competitive Interest Rate |
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Maximum loan tenor 20 years* |
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| Processing Fees & Other Charges |
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Loan up to BDT 15 Lac is @ 2% on loan amount + VAT |
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Loan above BDT 15 Lac is @ 1.5% on loan amount + VAT |
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For Take Over cum Home Credit loan 1% on loan amount + VAT |
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In case of Takeover, processing fee is 0.50% of loan amount +VAT |
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Valuation charge @ 3500 + VAT in addition to the processing fee |
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| Early Settlement & Rescheduling Fees |
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| Processing Fee |
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2% of outstanding if settled within first 5 year + VAT |
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1% of outstanding if settled after 5 year + VAT |
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Rescheduling fee due to Interest Rate change / Tenor change – 0.25% + VAT of outstanding or maximum Tk 10,000 + VAT whichever is lower. |
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Date rescheduling fee Tk 2000+VAT each time. |
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| Partial pre-payment & fees |
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Minimum partial pre-payment amount is BDT 1,00,000 |
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2%+VAT on pre-payment amount within first 5 years |
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1%+VAT on pre-payment amount after 5 year |
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| Common Documents |
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Latest 01year personal bank statement |
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Latest Tax Clearance Certificate (where applicable) |
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- Photocopy of National ID Card / Passport |
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- Allotment Letter/ Allotment Agreement/ Byna Deed for Home Loan |
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- Registered ownership deed for Home Credit / Take Over Loan |
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- Price quotation for Home Credit Loan |
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| Salaried Individuals |
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Letter of Introduction (LOI) |
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Latest 01year salary account statement |
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| Businessmen |
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Trade License for last 3 years |
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Latest 1 year bank statement of the company |
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Registered partnership deed for partnership company |
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MOA+ Certificate of Incorporation+ Latest Schedule X for Private Limited Company |
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| Self-Employed |
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Certificate of membership of respective professional association |
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Declaration on self-pad along with seal |
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Certificate of Professional degree |
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| Land Lord |
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Registered ownership deed |
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Rental deed |
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Copy of any utility bill (Electricity/ Water/Gas) |
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| For any banking needs please call 24 hour Phone Banking: 01819 230000 or e-mail us at enquiry@bracbank.com |
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| We will soon be in touch with you |
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24 Hour Phone Banking