Bangladesh Power Development Board Employee House Building Loan
We are pleased to offer you the Bangladesh Power Development Board Employee House Building Loan, fulfilling your dreams of becoming a proud owner of a house or flat. Our home loan is designed to facilitate the construction of a building or the purchase of a ready flat, making it an ideal choice for your housing needs. With a flexible interest rate and tenor, our goal is to simplify your life and make it more prosperous.
House Building Loan Features
- Loan Amount: Up to BDT 75 lac
- Loan Tenure: Maximum of 20 years
- Repayment: Monthly installments can be conveniently paid from your savings or salary account, following the repayment schedule.
- Partial & Full Settlement: You have the flexibility to make partial or full settlements with no extra charges.
- Grace Period: Enjoy a grace period of 6 (six) months.
- Debt Equity: The loan structure follows a 90:10 ratio.
- Security: The land and the proposed building/structure/flat will be mortgaged in favor of the bank.
Loan Customer Segments
This loan is available for permanent employees of the Bangladesh Power Development Board, catering to various housing needs, including:
- Home loan (Residential) for constructing a building (alone)
- Purchase of a ready house with land (alone)
- Home loan (Residential) for constructing a building with land purchase (group)
- Home loan for constructing a building (group)
- Ready flat purchase loan
Please note: The maximum age limit for applicants is 58 years, and group membership is limited to a maximum of 15 individuals.
Interest Rate
- Interest Rate: 9% (Simple)
- Customer Segment: 4%
- PDB Subsidy: 5%
Charges and Fees
- Charges: Legal fees, mortgage deed fees, irrevocable power deed fees, and other documentation fees/charges are to be paid by the applicant as incurred.
- Loan Processing Fees: No loan processing fee is required.
Make your dream of owning a house or flat a reality with the Bangladesh Power Development Board Employee House Building Loan, designed to simplify the path to homeownership.
Frequently Asked Question (FAQs)
Q1: What is the maximum loan amount one can get through the Bangladesh Power Development Board Employee House Building Loan?
A1: The maximum loan amount available through this loan is up to BDT 75 lac.
Q2: Who is eligible to apply for this housing loan?
A2: Permanent employees of the Bangladesh Power Development Board can apply for the Home Loan/Flat Loan.
Q3: How long is the maximum loan tenure for this housing loan?
A3: The maximum loan tenure is 20 years, providing flexibility in repayment.
Q4: Is there a grace period associated with this loan?
A4: Yes, there is a grace period of 6 (six) months offered with this loan.
Q5: What is the debt equity ratio for this housing loan?
A5: The loan structure follows a debt equity ratio of 90:10.
Q6: What security is required for this loan?
A6: The land and the proposed building/structure/flat will be mortgaged in favor of the bank as security.
Q7: Are there any additional charges for partial or full loan settlement?
A7: No, there are no extra charges for partial or full settlements.
Q8: What is the interest rate for this loan, and is there any subsidy available?
A8: The interest rate is 9% (Simple), with a 4% rate for the customer segment and a 5% subsidy from the PDB.
Q9: Can a group of individuals apply for this housing loan?
A9: Yes, group applications are accepted, with a maximum of 15 members in a group.
Q10: What types of housing needs does this loan cater to?
A10: This loan can be used for various purposes, including constructing a building, purchasing a ready house with land, or acquiring a ready flat.