BASIC HOME LOAN
BASIC Bank offers a comprehensive HOME LOAN program to help you achieve your homeownership dreams. With flexible options and competitive rates, BASIC HOME LOAN is designed to cater to various housing needs, including:
- Purchase of Property: You can use the HOME LOAN to finance the purchase of an apartment, independent house, or property within the municipal areas of cities.
- Construction: Whether you’re building a new house or making improvements to an existing one, our HOME LOAN can support your construction project.
- Renovation: If your home needs a facelift or upgrades, our HOME LOAN can cover the costs of renovation and improvements.
- Loan Takeover: We also offer a loan takeover facility, allowing you to transfer your existing home loan from other banks to BASIC Bank.
| Loan Amount: | Apartment or construction cost subject to a maximum of Tk. 200 Lac |
| Loan Tenure | Maximum 20 Years |
| Security | Registered mortgage of the property along with a registered IGPA (Irrevocable General Power of Attorney) to sell the property |
| Transparency | No hidden charges |
| Security | The loan is secured through the registered mortgage of the property, and we may require a registered IGPA (Irrevocable General Power of Attorney) to facilitate property transactions. |
This BASIC HOME LOAN offers a flexible financing solution for various housing needs, whether it’s acquiring a new property, construction, renovation, or refinancing from other banks, with a maximum tenure of 20 years and straightforward terms.
Frequently Asked Questions (FAQs)
Q: What are the purposes of the Basic Home Loan?
A: The Basic Home Loan can be used for various purposes, including the purchase of an apartment or independent house within municipal areas of cities, construction of an old or new house, renovation of a house, and even for taking over a loan from other banks.
Q: What is the maximum amount available for apartment or construction costs under this loan?
A: The loan amount for apartment or construction costs is subject to a maximum of Tk. 200 Lac.
Q: What is the maximum repayment period for the Basic Home Loan?
A: The maximum repayment period for this loan is 20 years.
Q: What are the requirements for securing the loan against the property?
A: To secure the loan, the property needs to be registered under a mortgage, along with a registered IGPA (Irrevocable General Power of Attorney) allowing the bank to sell the property if necessary.
Q: Are there any hidden charges associated with the Basic Home Loan?
A: No, there are no hidden charges associated with this loan.