Features:

• Loan for residential apartment/house purchase
• Loan amounts from BDT 5,00,000 to BDT 2,00,00,000
• Loan tenor from 1 to 25 years
• Loan amount up to 70% of the property value
• Aggregation of co-applicant’s income
• Competitive interest rate
• Quick and simple processing and approval time
• Loan for apartment under construction
• Partial or early settlement options available

Loan shield:

Insurance coverage is available on an opt-in basis

• Death Coverage: Outstanding loan will be settled in the event of the borrower’s death
• Permanent & Total Disability (PTD) Coverage: Outstanding loan will be settled in the event of permanent and total disability

Eligibility:

• Any financially able person
• Min: 25 years
  Max: 70 years or retirement age whichever is earlier at the home loan maturity date.
• For 100% cash covered loan: Minimum 21 years, Maximum 70 years. (It is applicable for both applicable for both applicant and co-applicant)
• Minimum Income Range:
  • Minimum BDT 25,000 for Government staff
  • Minimum BDT 40,000 for salaried person
  • Minimum BDT 50,000 for Self-employed
  • Minimum BDT 50,000 for Businessperson/Land lord/Land lady/other income individuals
• Experience:
  • Salaried person : 3 year with 6 months permanent employment status
  • Self employed : 3 year of practice in the profession
  • Businessperson : 3 years of involvement in the same nature of business

Loan Takeover Plan:

An exclusive offer for other bank’s credit worthy customers who can now transfer their outstanding Home Loan to MTB with special privileges.

Eligibility:

• Minimum 12 months loan EMI repayment history with existing bank
• Property location and other eligibility criteria of general loan are applicable

Benefits of Takeover Plan:

• Additional loan amount facility over takeover amount
• No processing fee for takeover loan amount

Required documents:

• Loan application
• Applicant’s National ID/Driving License/Passport copy
• Photographs of applicants (studio photo)
• Salary certificate for salaried person
• Trade license for businessperson
• Personal and business account statement for last one year
• Applicant’s TIN certificate
• Copies of all existing loans’ sanction letter and repayment history for last one year
• Rental deed for rental income and ownership deed of rented property
• Apartment allotment letter/Deed of agreement/property ownership deed
• Other all property related documents’ copy