MDB Home Loan

MDB Home Loan Features & Purposes

1. Apartment/House Purchase: Fulfill your dream of owning a home with MDB’s flexible financing options.
2. House Construction / Renovation / Extension / Completion: Whether it’s building from the ground up or making improvements, MDB has you covered.
3. Takeover of existing home loan: Seamlessly transfer your existing loan from any Bank/Financial Institution to MDB.
   • Loan Amount: Ranges from BDT 500,000 to BDT 20,000,000
   • Repayment Tenure: 3 to 25 years
   • Competitive Interest Rate
   • No Processing Fee for Takeover: Enjoy a hassle-free process when switching from other Banks/Financial Institutions.
   • Flexible Repayment: Early full settlement and partial settlement allowed
   • No Hidden Charges
   • Quick Loan Processing

MDB Home Loan Eligibility

• Experience:
  • Salaried Executives (Govt.): Must be a confirmed employee.
  • Salaried Executives (others): Minimum 2 years’ experience with 3 months’ employment with the present employer.
  • Businessman: Minimum 2 years’ business experience.
  • Self Employed (Professional): Minimum 2 years’ professional experience.
  • Landlord/Landlady: No experience required.
• Age:
  • Minimum: 21 years
  • Maximum:
    • Salaried: 65 years or retirement date as mentioned in Letter of Introduction (LOI), whichever is earlier, at the end of the loan tenure.
    • Self-Employed Professional, Businessman, Landlord: 70 years at the end of the loan tenure.
• Minimum Gross Monthly Income:
  • Govt. Employees: Minimum BDT 40,000 per month
  • Salaried Executives: Minimum BDT 50,000 per month
  • Professionals/Business Persons: Minimum BDT 50,000 per month
• Joint Application: Joint applications are allowed.

Other features of MDB Home Loan

Criteria	Details
Tenure	Maximum 25 (Twenty-Five) years
Benefits	No processing fee for loan takeover from other Banks & NBFI
Taxes, Duty, Surcharges	As per NBR circular
Highest Amount	Bank will finance a maximum of 70% of the property value or BDT 2.00 crore, whichever is lower, as per Bangladesh Bank Guidelines (70:30 debt equity ratio)
Moratorium Period	In case of financing for construction purposes, MDB may allow a moratorium period of 18 months (maximum) for home loan financing
Proposed Income Included for Construction Purpose	In case of financing for construction purposes, MDB may consider projected income from the proposed mortgaged property
TPA Process	Allowed Tripartite Agreement (TPA) with top-listed developers

FAQs – MDB Home Loan

Q1: What is the maximum loan amount offered by MDB Home Loan?
A1: The loan amount ranges from BDT 500,000 to BDT 20,000,000.

Q2: What is the repayment tenure for MDB Home Loan?
A2: The repayment tenure ranges from 3 to 25 years.

Q3: Is there a processing fee for taking over a home loan from another bank or financial institution?
A3: No, there is no processing fee for loan takeovers from other banks or financial institutions.

Q4: Are there any hidden charges associated with MDB Home Loan?
A4: No, there are no hidden charges.

Q5: What is the eligibility criterion for a salaried executive (government employee)?
A5: Must be a confirmed government employee.

Q6: How much is the minimum gross monthly income required for professionals/business persons applying for MDB Home Loan?
A6: Minimum BDT 50,000 per month.

Q7: Is a joint application allowed for MDB Home Loan?
A7: Yes, joint applications are allowed.

Q8: What is the maximum tenure for MDB Home Loan?
A8: The maximum tenure is 25 years.

Q9: Can I include proposed income for construction purposes when applying for the home loan?
A9: Yes, in case of financing for construction purposes, we may consider projected income from the proposed mortgaged property.

Q10: Does MDB Home Loan offer a moratorium period for construction financing?
A10: Yes, in the case of financing for construction purposes, MDB may allow a moratorium period of 18 months (maximum).

Q11: What is the highest amount financed by the bank for a property?
A11: The bank will finance a maximum of 70% of the property value or BDT 2.00 crore, whichever is lower, as per Bangladesh Bank Guidelines (70:30 debt equity ratio).

Q12: Is a Tripartite Agreement (TPA) with top-listed developers allowed in the loan process?
A12: Yes, MDB Home Loan allows a Tripartite Agreement (TPA) with top-listed developers.

Q13: What are the age requirements for different applicant categories at the end of the loan tenure?
A13:

• Salaried individuals: 65 years or retirement date mentioned in the Letter of Introduction (LOI), whichever is earlier.
• Self-employed professionals, businessmen, landlords: 70 years.

Q14: What is the minimum age requirement to apply for MDB Home Loan?
A14: The minimum age requirement is 21 years.

Q15: Can I make early full settlement or partial settlement of the loan?
A15: Yes, both early full settlement and partial settlement are allowed.