Rupali Bank Government Employee House Building Loan

Table of Contents

We are pleased to offer you a house building/flat loan, turning your dreams of becoming a property owner into reality. Our home loan is designed as a term loan facility, catering to your needs for constructing a building or purchasing a ready flat. With flexible interest rates and tenor options, we aim to simplify and enhance your life.

Rupali Bank Government Employee House Building Loan Features

Loan Amount: Up to a maximum of BDT 75 lac.
Loan Tenure: A maximum of 20 years.
Repayment: Monthly installments will be conveniently debited from the applicant’s savings or salary account according to the repayment schedule.
Partial & Full Settlement: Enjoy the flexibility of partial and full settlement without incurring any extra charges.
Grace Period: For house building, a grace period of 2 years is provided, while for flat purchase, it’s 1 year.
Debt Equity: The loan is available at a 90:10 debt equity ratio, with the land and the proposed building/structure/flat being mortgaged in favor of the bank.

Customer Segments

This home loan is available for the following customer segments:

Permanent Government Employees of Bangladesh
Permanent Judicial Service holders

Eligibility Criteria

Maximum Age Limit: 58 years
Maximum group size: 15 members

Interest Rate

We offer a competitive interest rate of 9% (Simple). This includes Bank Rate (4%) and a Government Subsidy (5%).

Available Loan Options

Our Government Employee House Building Loan caters to various needs, including:

Home loan (Residential) for constructing a building (individual)
Ready house purchase loan with land (individual)
Home loan (Residential) for construction building with land purchase (group)
Home loan for construction building (group)
Ready flat purchase loan

Charges and Fees

Charges: Legal fees, mortgage deed fees, irrevocable power deed fees, and other documentation charges are to be borne by the applicant (actual fees apply).
Loan Processing Fees: No loan processing fees are required.

We are committed to making your dream of homeownership a reality, and we look forward to assisting you in your journey.

Frequently Asked Questions (FAQ) – Government Employee House Building Loan

Q1: What is the maximum loan amount I can apply for with the Government Employee House Building Loan?

A1: You can apply for a maximum loan amount of BDT 75 lac.

Q2: What is the repayment period for this loan?

A2: The maximum loan tenure is 20 years, allowing for flexible repayment over an extended period.

Q3: How are the monthly installments paid for this loan?

A3: Monthly installments will be deducted from your savings or salary account as per the agreed-upon repayment schedule.

Q4: Is there a grace period provided for this loan?

A4: Yes, a grace period of 2 years is applicable for house building loans, and 1 year for flat purchase loans.

Q5: What is the debt equity ratio for this loan?

A5: The loan is available at a 90:10 debt equity ratio, with the land and the proposed building/structure/flat being mortgaged in favor of the bank.

Q6: Who is eligible to apply for the Government Employee House Building Loan?

A6: This loan is available for Permanent Government Employees of Bangladesh and Permanent Judicial Service holders. The maximum age limit is 58 years.

Q7: What is the interest rate for this loan?

A7: The interest rate is 9% (Simple), which includes a Bank Rate of 4% and a Government Subsidy of 5%.

Q8: What types of loans are offered under this program?

A8: This program offers various loan options, including home loans for building construction, ready house purchases with land, home loans for construction with land purchase (group), home loans for group building construction, and ready flat purchase loans.

Q9: Are there any additional processing fees for this loan?

A9: No, loan processing fees are not required for the Government Employee House Building Loan.

Q10: How do I apply for this loan, and where can I get more information?

A10: To apply for this loan and for more information, please contact your nearest branch of Rupali Bank. Our friendly staff will be happy to assist you with the application process and address any further queries you may have.