Bank Asia Ltd Bangladesh : Apply For House Finance

Name of the Organization : Bank Asia Limited
Type of Facility : Apply For House Finance
Country : Bangladesh

Website : bankasia-bd.com/home/house_finance

Apply For House Finance :

This product will facilitate the customer to have financing for purchase of flat/house, construction of new house, extension and renovation of existing house etc.

Related : Bank Asia Bangladesh Loan For Professionals : www.statusin.org/6780.html

1. Customer Segment:
Any Bangladeshi individual who has the means and capacity to repay bank loan. In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non Government Organizations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed / self-employed/ tax-paying individual having a reliable source of income.

2. Loan Feature:
** Loan amount Tk. 3,00,000.00 to Maximum Tk.75,00,000.00
** Repayment tenure Maximum 15 years including maximum 1 year grace period.
** Payment method- Equal Monthly Installments.
** Loan to price ratio-70: 30
** Competitive interest rate
** No early settlement & partial adjustment fees
** No hidden cost.

3. Eligibility:
Age limit:
Minimum 25 years, Maximum 65 years at loan maturity

Minimum income:
Debt burden ratio based

For salaried individual, minimum service length of 1 year and must be a confirmed employee. For self employed individual, a business record of minimum 3 years & Land lord having substantial rental income.

Auto Loan :
This product will allow car financing to the customer segment. Under this scheme, the vehicle is hypothecated to the bank only.

In addition to this registration requirement, on a case-to-case basis, bank may also secure the loan partially by the commonly acceptable form of cash/quasi cash securities available in the market.

1. Customer Segment :
** Any Bangladeshi individual who has the means and capacity to repay bank loan; In specific terms, these could be salaried executives of multinational and middle to large size local corporate, Government officials, Officials working in reputed NGOs (Non Government Organizations), international aid agencies & UN bodies, any tax paying businessmen of repute, any employed / self-employed tax-paying individual having a reliable source of income.

2. Loan Feature :
** Loan amount Maximum Tk.30,00,000.00 for both Recondition & Brand New Car
** Repayment tenure Maximum 5 years for reconditioned car & 6 years for Brand new car.

** Payment method- Equal Monthly Installments.
** Competitive interest rate
** No hidden cost.

3. Eligibility :
** Age limit: Minimum 25 years, Maximum 65 years at loan maturity
** Monthly surplus income (after meeting all expenses) shall be at least Tk. 15,000/-.
** For salaried individual, minimum service length of 3 years and must be a confirmed employee. For self employed individual, a business record of minimum 3 years

About Us :
Bank Asia has been launched by a group of successful entrepreneurs with recognized standing in the society. The management of the Bank consists of a team led by senior bankers with decades of experience in national and international markets.

The senior management team is ably supported by a group of professionals many of whom have exposure in the international market.