IPDC Home Loan 2023

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Secure your dream home with IPDC’s Home Loan 2023. Discover flexible terms, competitive rates, and expert guidance for your homeownership journey. Get the ideal financing solution with IPDC Home Loan 2023.

What is IPDC home loan?

IPDC provides hassle-free loans to build your desired home! IPDC Home Loans finance your ready apartment, self-build home, renovation, and expansion needs.

Features of IPDC home loan

Loan amount: Up to BDT 20 lac
Payment mode: Equated Monthly Instalment
Financing up to 75% of the construction cost
Interest rate: Starting at 8.99%
Loan Tenure: 5 – 25 years
Partial & full settlement facilities.

Charges:

Pre-payment charge (if prepayment exceeds the 20% limit):

If settled within the first 5 years, then the pre-payment amount will be 2% + VAT
If settled after 5 years, then the pre-payment amount will be 1%+ VAT

Early settlement fee:

If settled within the first 5 years, then 2% + VAT of the outstanding loan amount
If settled after 5 years, then 1%+ VAT of the outstanding loan amount

Partial/ Full settlement fee:

The customer will be allowed to make annual partial payments up to a maximum of 20% of the original loan amount on the outstanding amount

Eligibility of the IPDC Home Loan

Any Bangladeshi citizens
A Salaried person, self-employed, businessman, and a landlord can apply individually or jointly
Minimum age 25 years, and maximum 65 years
Monthly minimum income:
- Salaried: TK. 40,000
- Government Service: TK. 25,000
- Self-Employed: TK. 50,000
- Landlord: TK. 40,000

How many loans Can You Get?

The IPDC home loan amount depends on the repayment capacity of the customer. Factors like the monthly net income of the customer, age, qualification, the value of the fixed asset, number of dependents of family members, monthly expenses, nature of job/business, saving habits, etc. are taken into consideration.

Finally, IPDC’s reputation as a Non-Banking Financial Institution (NBFI) in Bangladesh is unparalleled. IPDC Finance counts prestigious institutions like the Government of Bangladesh, BRAC, and many other domestic and foreign institutions as its investors.

Required Documents for IPDC Finance Home Loan

If you are eligible for the loan then you have to fill out an application form along with the following documents need to submit.

Application form with Filled and signed copy

Common Documents:

Copy of National ID card of applicants and guarantors
Photographs of applicants and guarantors
Copy of utility bill
Copy of e-Tin certificate

Income Document:

If you are Employed

Employment Certificate
Latest Salary Slip/ Salary Certificate showing all deductions.
Biodata/ C.V.
Bank statements for the last 12 months

If you are Self- Employed [Businessperson]

Trade License of the business
Copies of individual income-tax returns and assessment orders for the last three years along with the statement of income
Profit and Loss Account and Balance Sheet of your business for the last three years
A note giving information on the nature of your business/ profession, the form of organization, clients, suppliers etc.
Bank statements for last 12 months

Frequently Asked Questions (FAQs) on IPDC Home Loan

What is the payment mode of the loan?

Equated Monthly Installment (EMI) payment

What is the maximum loan amount?

Maximum loan amount is 20 lac

What is the loan tenor?

Minimum 5 years and maximum 25 years

What is the maximum offer loan of the property value?

IPDC Finance offers home loans of 85% of the property value

How can contact with IPDC Finance?

Call at 16519