Rupali Bank Public University Employee House Building Loan

Table of Contents

We offer you a house building or flat loan to turn your dreams of becoming a building or flat owner into reality. Our home loan is designed as a term loan facility for constructing a building or purchasing a ready flat. You can take advantage of this Home Loan with a flexible interest rate and tenor. Our goal is to simplify your life and make it more rewarding.

Public University 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 deducted from your savings or salary account as per the repayment schedule.
Partial & Full Settlement: This facility is available at no extra charge.
Grace Period: Enjoy a 6-month grace period.
Debt Equity: The loan has a debt equity ratio of 90:10.
Security: The land and the proposed building/structure/flat will be mortgaged in favor of the bank.

Customer Segments

Permanent employees of University Grants Commission, permanent teachers/staff, and permanent teachers/staff of Public Universities are eligible to apply for a Home Loan or Flat Loan.

Home loan (Residential) for constructing a building (alone).
Ready House purchase with land (alone).
Home loan (Residential) for constructing a building with land purchase (group).
Home loan for constructing a building (group).
Ready Flat purchase loan.

Maximum Age Limit: 58 years.

Group Details

A group can have a maximum of 15 members.

Interest Rate:

Interest Rate: 9% (Simple)
Customer Segment: Bank Rate (4%) & Government Subsidy (5%).

Charges and Fees

Charges: Legal fees, Mortgage deed, and irrevocable power deed fees, as well as other documentation fees/charges, are to be paid by the applicant (actual charges).
Loan Processing Fees: No loan processing fee is needed.

Frequently Asked Questions (FAQs) Public University Employee House Building Loan

Q: Who is eligible for the Public University Employee House Building Loan?
A: Permanent employees of the University Grants Commission, permanent teachers/staff, and permanent teachers/staff of Public Universities are eligible to apply for this Home Loan or Flat Loan.

Q: What can I use the loan for?
A: You can use the loan for various purposes, including constructing a residential building, purchasing a ready house with land, acquiring a home with land in a group, or constructing a building in a group.

Q: What is the highest amount I can request for a loan?
A: The maximum loan amount available is BDT 75 lac.

Q: What is the loan repayment period?
A: The loan tenure can extend up to a maximum of 20 years.

Q: How do I repay the loan?
A: Monthly installments will be deducted from your savings or salary account according to the repayment schedule.

Q: Is there a grace period for the loan?
A: Yes, there is a grace period of 6 (six) months.

Q: What is the interest rate for this loan?
A: The interest rate is 9% (Simple), which includes contributions from the bank rate (4%) and government subsidy (5%).

Q: Are there any additional charges or fees?
A: Yes, charges such as legal fees, mortgage deed fees, irrevocable power deed fees, and other documentation fees/charges are to be paid by the applicant as per the actual charges.

Q: Do I need to pay loan processing fees?
A: No, loan processing fees are not required for this loan.

Q: What is the maximum age limit for applying for this loan?
A: The maximum age limit is 58 years.