Modhumoti Home Loan
MODHUMOTI HOME LOAN
LET’S BUILD YOUR DREAM HOME
The convenience of our own Home Loan Specialist
Whether you’re buying, building, renovating, investing or refinancing, it’s good to have someone you can turn to for a helping hand; someone to answer questions and help you through the home loan process, from application to settlement.
That’s why Modhumoti Bank PLC. has Home Loan Specialists – giving you a dedicated point of contact for all your home loan needs. To get in touch, call our helpline number or visit our local branch.
Home loans at a glance
It’s important to choose a home loan with features and benefits that suit your individual needs. Our Home Loan Specialists can assist you with this and ensure you’re informed of any fees and charges associated with the features you intend to use. You can then assess the savings you could make against any associated costs. Considering your need, Modhumoti Bank PLC. designed Modhumoti Home Loan in two segments:
1. Modhumoti Thikana
2. Modhumoti Ashroy
Key features
- Early full and partial settlement allowed
- Competitive interest rate
- Automatic realization of monthly installment
- Access to Phone and Internet Banking
- Various home loan repayment options and ability to set up automatic repayments
- No hidden charges
Information gathering and preparation
| Feature | Modhumoti Thikana | Modhumoti Ashroy |
| Purpose | Purpose might be considered as follows: Purchase of apartment/housesHouse constructionsExtension/Renovation of existing house/apartmentTakeover of other banks/FI’s Home Loans | Construction of semi-structured (Non RCC) buildings/house i.e. houses with brick wall and corrugated iron roof. |
| Customer Segment | Salaried employees of reputed organizations & Self-employed persons with 3 years’ experience | Salaried employees of reputed organizations & self-employed persons with 3 years’ experience |
| Age Limit | Minimum Age: 21 years Maximum Age: 65 Years at Loan Maturity | Minimum Age: 21 years Maximum Age: 65 Years at Loan Maturity |
| Minimum Income | Salaried individual BDT 35,000.00Businessmen BDT 50,000.00Self-employed professional BDT 50,000.00For land lord/lady (solely depends on rental income) Minimum rental income must be BDT 50,000.00 | Salaried individual BDT 30,000.00Businessmen BDT 50,000.00Self-employed professional BDT 50,000.00For land lord/lady (solely depends on rental income) Minimum rental income must be BDT 35,000.00 |
| Loan Limit | Minimum Loan amount: BDT 500,000.00 Maximum Loan amount: BDT 200,00,000.00 Including IDMP, if any. | Minimum Loan amount: BDT 500,000.00 Maximum Loan amount: BDT 40,00,000.00 Including IDMP, if any. |
| Loan Tenor | Loan repayment tenor will be minimum 5 years and maximum 25 years including grace period.Grace Period: Maximum 12 months | Loan repayment tenor will be minimum 3 years and maximum 10 years including grace period.Grace Period: Maximum 3 months |
| Security | Registered Mortgage with RIGPA of the property to be financed or TPA/FPA | Registered Mortgage with RIGPA of the property to be financed |
To know more please contact any of our Branches
Or,
Retail Banking Division
Modhumoti Bank PLC.
Head Office
Khandker Tower, (Level-7 & 8), 94, Gulshan Avenue, Gulshan-1, Dhaka-1212
Phone: +88 01787 662944 (10.00 am – 06.00 pm on working days)
Helpline. 16347 (24/7)
Long Code: +8809610016347 (24/7)
