A low cost housing loan facility to create low-cost residential housing accommodation (construction and renovation of semi pacca house) for lower-income bracket people, wage earners, garment workers etc. across proximity of the factories/industrial undertaking(s).

Eligibility:

• Age limit: 21 years to 65 years (with loan tenor);
• Have own land with absolute title;
• Have repayment capacity from primary income/other income to be duly backed by documentary evidence;
• Any Bangladeshi (singly or jointly with other co-customers e.g. spouse/son/daughter);
• Age from 21 years to 65 years at the time of application, but in case of joint application, any applicant’s age within aforesaid threshold may be considered for eligibility;
• Have adequate security coverage (Registered mortgage of the land at issue);
• To be more specific the following group of people will be eligible for the loan:

• Salaried people:

• Employees of govt./Autonomous body;
• Employees of financial institution;
• Employees of different Public/Private Limited Companies having Corporate Structure;
• Teachers of any school/college/university etc.
   
• Professional:  All legitimate professionals.
   
• Self-employed:
• Businessman (in business for at least three years);
• Landlord/rental income earners/other eligible income.

Features:

• Loan tenor: 01 year to 07 years;
• Loan limit: Tk. 5.00 lac to Tk. 50.00 lac;
• Maximum grace period : 03 months;
• Affordable interest rate;
• Quick processing time.