Pubali Bank House Renovation Loan Key Features

Are you looking to upgrade or expand your existing residential house or flat? Pubali Bank House Renovation Loan, offered in accordance with Bangladesh Bank Guidelines, could be the ideal solution for you. Here are the key features of this loan:

• Loan Amount: You can secure a loan amount in line with the guidelines set by Bangladesh Bank.
• Flexible Repayment: Enjoy the flexibility of repaying your loan over a period of 12 to 120 months, making it easier on your finances.
• Interest Rate: Currently, we offer a competitive interest rate of 9%.
• Processing Fee: A nominal processing fee of 0.50% of the loan amount applies, capped at Tk. 20,000. There are no hidden charges to worry about.
• Easy Documentation: We ensure a hassle-free and quick processing experience with straightforward documentation.
• Early & Partial Settlement: You have the option to make early or partial settlements on your loan, giving you more control over your finances.

Pubali Bank House Renovation Loan Eligibility

To qualify for the House Renovation Loan, you need to meet the following criteria:

• Bangladeshi Individual: Applicants must be Bangladeshi individuals supported by a National ID (NID) and have the financial means to repay the loan.
• Property Ownership: Applicants must own the house or flat they intend to renovate or extend.
• Taxpayer Status: Applicants should be taxpayers.
• Steady Income: A consistent source of income is required, with a minimum monthly net income of at least double the monthly installment, including any other outstanding loans.
• Secondary Eligibility: If you have already paid 50% of your loan for flat purchase from Pubali Bank Limited and the forced sale valuation covers it, you may still be eligible for this product.
• Age Requirement: Applicants should be between 21 and 65 years old at the time of loan maturity.

Required Documents for Pubali Bank House Renovation Loan

To apply for the House Renovation Loan, you’ll need the following documents:

• National ID: Copy of the National ID of the applicant or guarantor.
• Photographs: 2 recent lab-printed passport-size photographs.
• Income Tax Documents: Copy of the latest Income Tax Clearance Certificate, Tax Return, or Tax Acknowledgment Receipt (if applicable).
• Bank Statement: Bank statements for at least the last 6 months.
• Salary Certificate: For salaried individuals, a Salary Certificate from a competent authority.
• Property Documents: All relevant documents related to the house or flat.

Pubali Bank House Renovation Loan Security

We ensure the safety of your loan with the following security measures:

• Registered Mortgage: A registered mortgage secures your loan.
• Personal Guarantee: A personal guarantee is required for added security.
• EMI Collection: We are authorized to debit your deposit account for the collection of Equated Monthly Installments (EMIs).
• Post-Dated Cheques: You will need to provide the required number of fully prepared, post-dated, and validly signed MICR cheques along with a Memorandum of Deposit of cheques.

For any inquiries or further information, please don’t hesitate to reach out to us:

Contact Information:

• Telephone: (PABX) 02223381614
• Fax: 880-2-9564009
• Email: gsdd@pubalibankbd.com

Feel free to get in touch with us to explore how our House Renovation Loan can make your dream home improvements a reality.