IFIC Amar Bari Loan

When it comes to purchasing a dream house or apartment, individuals endeavor to make it a reality by securing a “IFIC Amar Bari loan.” In Bangladesh, house building finance companies primarily offer loans for houses or apartments. However, many individuals face challenges in preparing the necessary documents, compelling them to seek assistance from private banks. These banks provide various financial solutions, bringing individuals closer to their dream of owning a home. The streamlined application process, responsive customer service, and the support of dedicated relationship managers ensure a smooth loan journey for customers.

IFIC Amar Bari Loan Features

  • Loan amount: up to BDT. 2 Crore
  • Loan tenor: Salaried 25 years, Professional 20 years Maximum
  • No processing fee for loan takeover
  • Processing fee: Minimum 0.30 % of the loan.

Amar Bari Loan Details

  • Interest Rate      9.00%
  • Loan Amount      Up to BDT. 2 Crore

Read: IFIC Auto Loan Bangladesh

Amar Bari Loan Type

  • Home loan: to build or purchase new/used residential property
  • Home credit: to re-construction extension/renovation /modification within the existing approved plan of existing residential property
  • Semi-Pucca: maximum 50,00,000
  • Take over: takeover from other banks.

Required Documents for IFIC Home Loan

Initial Documents for submitting loan application:

  • 2 (two) copy passport-size photographs of all intending borrowers
  • Letter of introduction from employer (for salaried individuals)
  • Bank statement (for the last 12 months)
  • All loan statements (last 12 months minimum) Credit card statements if any (last 6 months)
  • Salary Certificate/Trade License/ Professional certificate/ MOA/ Form XII etc
  • TIN Certificate
  • Copy of utility bill (last 6 months) for address verification
  • National ID card copy
  • Approved plan & plan approval letter from the concerned authority.

Finally, IFIC AMAR BARI offers you the perfect financial solution that will help you realize your home ownership dream. This is an attractive loan facility for all citizens of Bangladesh who want to buy a new or used apartment/flat or want to mortgage their existing house/flat/apartment or want to construct/renovate/ extend their existing flat/house, buy/construct or Want to renovate their semi-furnished house.

FAQs for IFIC Amar Bari Loan

Q: How old must I be to qualify for IFIC Amar Bari loan?
A: You need to be at least 18 years old to qualify for IFIC Amar Bari loan.

Q: What are the requirements to apply for IFIC Amar Bari loan?
A: The requirements include:

  • Salary Certificate/Trade License/Professional certificate/MOA/Form XII, etc.
  • Bank statement.
  • National ID card.

Q: What are the available payment terms?
A: IFIC Bank offers flexible payment terms of up to 25 years.

Q: Is there a processing fee when availing of IFIC Amar Bari loan?
A: Yes, there is a processing fee, which will be deducted from the loan proceeds to be received by the borrower. The processing fee is a minimum of 0.30% of the loan.

Q: What is the interest rate when availing of Amar Bari Loan?
A: The interest rate is 9.00%.

Q: How do I apply for IFIC Amar Bari loan?
A: If you are eligible for the loan and your required documents are ready, you can apply at the nearest branch or call 24/7 @16255 or 09666716255 for Loan Related information.

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