A home loan is a personal loan that is an amount of money lent by a bank or other lender to finance the purchase of a property or the construction of a home. The lender and the borrower agree on a term in which the principal amount of the loan must be repaid with interest. Home loans generally have a tenure of 25 to 30 years. The borrower will agree to a repayment schedule, which will usually be in monthly installments but can vary.
What is DBBL Home Loan?
DBBL home loan is a personal loan that is money lent by a bank or other lender to finance the purchase of a property or the construction of a house.
Features of the Dutch Bangla Bank Home Loan
- Interest rate: 8.50%
- Loan amount: 2 crore
- Take over interest rate: 8.00%
- Equated Monthly Installment (EMI) facility
- Early settlement facility
- Tenure: Up to 5 Years
- Easy monthly installment payment facility through DBBL’s Fast Track, ATM, and Mobile Banking.
Fees and Charges
Loan processing Fees for General Customers: All existing Personal Loans
- 0.50% for Loan Amount up to 50 Lac, Maximum Tk 15000
- 0.30 % for Loan Amounts above Tk. 50 Lac, Maximum Tk 20000
Eligibility for the Dutch Bangla Bank Home Loan
- Customer Segments:
- Salaried Personnel, Self-employed Professional, Business Person, Landlord/ Landlady
- Age:
- Minimum 18 Years
- Max. 70 years or up to retirement age at the end of Loan Tenure.
- Experience:
- Salaried Individuals: 1-2 years
- Government, Semi-Government and Autonomous Bodies: 6 months
- Businessmen: 2 years
- Professionals: 6 months of service/ practice in the profession
- Income: Minimum income BDT 30,000
Required common documents for the applicant
- Copy of National ID Card/ Valid Passport
- Latest TIN Certificate or Income Tax Return Acknowledgement Slip
- One copy recent photograph of passport size
- Last 6 months’ bank statement
- Copy of valid photo ID visiting card/ driving license
- Letter of Introduction (Original Copy) as per TBL Format (for Salaried Personnel)
- Certificates of Professional Expertise/ Qualification (such as MBBS & BMDC Certificate for Doctors) from concerned institution/ authority for Self Employed Professionals
- Trade License, MOA, Certified Copy of Form XII (Particulars of Directors) from RJSC, Certified Copy of Schedule X (List of Share Holders) of the Public / Private Limited Company for Business Person
- Ownership of the rented Property in the name of the Owner of the rented property for the Landlord / Landlady
- Personal guarantor
- Other documents necessary/applicable.
Property-related documents for DBBL Home Loan
- Photocopy of original title deed
- C.S, S.A, R.S, DCR, Mutation, and latest math Porcha
- Mutation Khatian duly certified by AC Land
- Photocopy of Mouza Map
- Photocopy of bia deeds
- Registered partition deed, in the case of ajmali land
- Name of the land owner(s) along with their particulars mentioning age, qualification, and detailed profession
- Up-to-date Non-Encumbrance Certificate
- Up-to-date ground rent receipt
- No Objection Certificate (NOC) from the concerned authority for mortgaging property
- Allotment letter of concerned authority for the housing plot
- Layout plan of the building duly approved by the competent authority i.e. RAJUK/CDA/KDA/RDA/ Chairman, Pourashava/TNO/Union Parishad Chairman
- Forwarding letter of the approved layout plan of the building by the competent authority
- A copy of the Agreement between land owner & developer
- A copy the of Agreement between land owner/ developer & Purchaser
- Any other documents/papers, if required as advised by the Bank’s legal advisor but not mentioned here.
Frequently Asked Questions (FAQs) on Dutch Bangla Bank Home Loan
Q: What is the purpose of the Dutch Bangla Bank Home Loan?
A: The Dutch Bangla Bank Home Loan serves various purposes including purchasing a new or old house/flat, constructing/extending a house/apartment, renovating/altering an existing house/flat, and taking over existing housing loans from other banks or financial institutions.
Q: What is the minimum loan tenure?
A: The minimum loan tenure for DBBL Home Loan is 12 months.
Q: What is the maximum loan tenure?
A: The maximum loan tenure for DBBL Home Loan is up to 25 years.
Q: What is the interest rate for DBBL Home Loan?
A: The interest rate for DBBL Home Loan is 8.50%.
Q: What is the minimum income to be eligible for Home Loan?
A: The minimum income required to be eligible for DBBL Home Loan is BDT 30,000.
Q: What is the maximum loan amount?
A: The maximum loan amount for DBBL Home Loan is BDT 2 crore.
Q: What is the minimum age to apply for a Home Loan?
A: The minimum age to apply for a DBBL Home Loan is 18 years.
Q: What is the maximum age of the primary applicant?
A: The maximum age of the primary applicant is 70 years or retirement age, whichever comes first, at the time of loan completion.
Q: What is the processing fee for the home loan?
A: The processing fee for DBBL Home Loan is a maximum of 0.50% as per the schedule of charges of DBBL.
Q: What is the Early Settlement Charge in a home loan?
A: The Early Settlement Charge in a DBBL Home Loan is 0.50% of the settled amount.
Q: What is the charge for partial payment of a Home Loan?
A: The charge for partial payment of a DBBL Home Loan is 0.50% of the adjusted amount.
Q: How to apply for a DBBL home loan online?
A: To apply for a DBBL Home Loan online, simply visit the provided link and complete the application process.