Janata Bank PLC Commercial Real Estate Loan

Securing a loan involves meeting specific criteria set by financial institutions. This blog post will delve into the eligibility requirements for obtaining loans, as prescribed by Janata Bank PLC

Eligibility Criteria:

  1. Bangladeshi Citizenship:
    • Applicants must be citizens of Bangladesh.
  2. Financial Capacity for Equity Investment:
    • Individuals should possess the financial capability to engage in equity investment.
  3. Experience in Multi-story Building Construction:
    • Prior experience in the construction of multi-story buildings is required.
  4. Membership in REHAB:
    • Applicants must be members of the Real Estate and Housing Association of Bangladesh (REHAB).
  5. Positive Cash Flow for Loan Repayment:
    • A favorable cash flow must be maintained for the repayment of the loan.
  6. Active Account in the Relevant Branch:
    • An active account in the branch handling the application is necessary.
  7. TIN Certificate:
    • Applicants are required to have a Tax Identification Number (TIN) certificate.
  8. And Moreā€¦

Loan Details:

  • Loan Limit: Up to 60% of the total estimated construction cost.
  • Interest Rate: 12%, subject to compounding (variable interest rate per the latest circular).
  • Installment Type: Monthly.
  • Loan Period:
  • For Commercial Buildings with the purpose of building construction and rent: Up to 15 years, including an 18-month construction period.
  • For Business Buildings such as apartments/shopping malls/office spaces for sale: Up to 24 months for construction, with repayments within 3 years.

Security Requirements:

  • The relevant land and the constructed/under-construction building will be mortgaged as registered mortgage with the bank.

Branch list to apply for a loan

  1. Principal Branch and Central Branches in Dhaka city, Corporate-1 and Corporate-2.
  2. Corporate Branch on Bangabandhu (Bibi) Road, Narayanganj.
  3. Corporate Branch on Laldighi East and Sheikh Mujib Road, Chittagong.
  4. Branches in Rajshahi, Khulna, Sylhet, Barisal, and other district/city corporate/main branches.
  5. Branches directly involved in branch building construction.

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