Top Home Loan Banks in Bangladesh

Are you looking for the best home loan in Bangladesh?

If yes, then we are going to discuss about the home loan financial institutes or Banks in Bangladesh. We have already discussed about the Personal Loan and Car Loan in our country. But today our mission is discussing about Home loan.

May be it is your right time to build your dream home. A home can change your life and you can enjoy hassle free with family. But the main problem is that we need fast and hassle-free financial institute. This is why our objective of this content is to show you the best way of taking home loan.

We can see that most of the banks in Bangladesh provide various types of home loan. To make life easy and simple it is important to find the right home loan in Bangladesh. This is only possible if you get the the right information and proper guide about home loan. We will show you all available offers provided by loan providers. It is your turn to find out the best home loan for you. So we recommend you read the individual financial institute Home loan interest rates and take the best option to make you dream comes true.

Bangladesh Bank is the central control Bank that has a specific policy for sanctioning home loan. Yes, it is true that each Bank has individual policy but all bank must comply with the guidance of Bangladesh Bank. Again, loan applier must follow the respective policy of individual Bank.

Types of Home Loan :

• Apartment Purchase,
• Apartment Renovation,
• Construction of Semi Pucca House,
• Commercial Home,
• Personal Home etc.

List of Top Home Loan institutes in Bangladesh :

Let’s explore the best home loan in Bangladesh with comparative interest rates.  If it is about fresh and new property, then it has high probability to get approve for loan.

Bank Name	Profit Rate	Monthly Installment	Loan Tenure
BRAC Bank Home Loan	8.5%	BDT 24,619.84	60 months
EBL Home Credit	8.5%	BDT 24,619.84	60 months
Eastern Bank Limited Home Loan	8.5%	BDT 24,619.84	60 months
IFIC Home Loan	8.75%	BDT 24,764.68	60 months
City Bank Limited Home Loan	8.75%	BDT 24,764.68	60 months
Trust Bank Limited Apon Nibash Loan	9%	BDT 24,910.03	60 months
Mutual Trust Bank Limited Home Loan	9%	BDT 24,910.03	60 months
Dhaka Bank Home Loan	9%	BDT 24,910.03	60 months
UCB Home Loan	9.5%	BDT 25,202.23	60 months
Delta Brac Housing Home Improvement Loan	9.5%	BDT 25,202.23	60 months
Delta Brac Housing Apartment Loan	9.5%	BDT 25,202.23	60 months
Delta Brac Housing Housing Plot Loan	9.5%	BDT 25,202.23	60 months
IDLC Finance Registra Loan	9.75%	BDT 25,349.09	60 months
One Bank Home Loan	9.99%	BDT 25,490.55	60 months
South East Bank Home Loan	10%	BDT 25,496.45	60 months
Modhumati Bank Limited Home Loan	10%	BDT 25,496.45	60 months
Midland Bank Home Loan	10%	BDT 25,496.45	60 months
Delta Brac Housing Home Construction Loan	10%	BDT 25,496.45	60 months
National Housing Finance and Investment Limited Home Loan	10%	BDT 25,496.45	60 months
DBBL Home Loan	10.5%	BDT 25,792.68	60 months
Prime Bank Swapna Neer Home Loan	10.5%	BDT 25,792.68	60 months
IDLC Construction Loan	10.7%	BDT 25,911.73	60 months
NRB Bank Home Loan	11%	BDT 26,090.91	60 months
Meghna Bank Home Loan	11%	BDT 26,090.91	60 months
Bank Asia House Finance	11.5%	BDT 26,391.13	60 months
Lanka Bangla Finance Home Loan	11.95%	BDT 26,663.03	60 months
Premier Leasing & Finance Limited Home Loan	12%	BDT 26,693.34	60 months
Exim Bank EXIM Abasan	13.5%	BDT 27,611.82	60 months
ICB Islamic Bank Manzil (Home) Finance	14%	BDT 27,921.90	60 months
Social Islami Bank Home Finance	14%	BDT 27,921.90	60 months
Al-Arafah Islami Bank Home Loan	15%	BDT 28,547.92	60 months
First Security Islami Bank Home Finance	15%	BDT 28,547.92	60 months

How to Select the Most Appropriate Home Loan?

As home loan are typically large loan, banks and NBFCs examine the borrower’s credit history, repayment capacity, and income, as well as the property to be acquired, in great detail. Borrowers who are looking for a house loan should be aware of the variables that lenders consider while processing an application and have a thorough understanding of their own eligibility. Low interest rates are often accompanied by more stringent eligibility requirements.

Learn how to compare home loan offers using various features. The following key features may help you choose the best available Home loan offers –

1. Low Interest Rate :

The interest rate has an impact on how much you have to pay in addition to the principal of the loan. The best house loan options are typically those with the lowest interest rates, which makes borrowing money more affordable.

2. Reduced Balance Interest Calculation :

When you pay an EMI, you pay some of the principal and the rest as interest. This gradually reduces the outstanding principle. Lenders calculate interest on the lower balance. This strategy saves you money because as you pay your loan EMI, the principal balance falls.

The reducing balance approach can be annual, monthly, or daily. The daily falling balance approach is used to compute mortgage interest. Some housing finance organizations, however, calculate monthly interest on a home loan.

3. Low Processing Fees :

Processing fees are often calculated as a percentage of the loan amount granted, therefore the smaller the processing charges, the better. The best home loan offers feature low (or nil) processing fees, which may include any administrative or paperwork fees that may be incurred.

4. Low Partial Prepayment :

Home loan offerings that are ideal allow for partial or full prepayment of the loan amount with the lowest possible expenses. When you prepay your loan in full or in part, you’ll have more money in your pocket because of lower (or non-existent) partial prepayment/foreclosure fees and penalties.

5. Simple Documentation and Quick Payments :

Home loan are popular among borrowers because of the ease with which they may be obtained and the quickness with which they are disbursed. You will save time by utilizing the quickest disbursal time and the simplest documentation.

6. Tenure of Flexible Re-payment :

Individuals have the option of repaying their home loan over a period of 12 to 60 months. Paying your EMIs at your own pace lowers your monthly payment obligation. Bullet payments are a possibility for candidates who have seasonal cash flows and are in certain situations when this is appropriate.

7. Fixed Interest Rate :

The fixed interest rate stays the same throughout the loan term, keeping the EMI stable. Applying for a home loan with a fixed rate of interest is beneficial when the present rate is low and an increase is expected in the future. However, due to the present trend of reducing lending rates, banks allow consumers to move to variable/floating interest rates after a certain length of time.

8. Floating Interest Rate :

Floating interest rates are sensitive to changes in market lending rates and may alter during the loan term. The home loan EMIs fluctuate with the interest rate. Due to the present trend of reducing home loan rates, potential borrowers should apply for home loan with a floating rate of interest.

You may have to make some concessions in order to obtain the greatest house loan. When comparing home loan options, ensure that the loan you choose fits the majority of the aforementioned criteria.

Required Documents for a Home Loan in Bangladesh :

Documents required to secure a home loan from Bangladesh’s top banks and non-banking financial institutions (NBFIs) include –

General Discussion :

What is Home loan policy in Bangladesh?

For home loan purpose, Bangladesh Bank has a specific policy for sanctioning any loan. Bangladesh government has approved the policy regarding home loan. It also depends on bank to bank policy about the loan rate factor, But the required documents are almost same for all banks in Bangladesh. If someone is going to apply for a home loan , the bank must verify the age of property checking it’s registration date.

Who can apply for Home loan in Bangladesh?

It has some criteria to apply for Home loan. But every banks has their own policy that required for loan.

Basic Clients:

Corporate Client
Individual Client
Doctor/Engineer/Defense Officers/Chartered Accountants/Teaching Staff of Reputed Institution
Executives of Multinational Company
Executives of Bank/Non Financial Institution
Business man

What is the loan amount for Home loan in Bangladesh?

Each Bank has their own policy for providing the amount of Home loan in Bangladesh. Generally we the amount is between BDT 750,000 – BDT 10,000,000 and Loan tenure is 5 – 25 years.

What is the perfect financial solution for Home loan?

If you want to own a home, IFIC AAMAR BARI is the best financial alternative for you. This is a good opportunity for credit-worthy citizens of Bangladesh who want to buy a new or used home, mortgage their existing home, or begin construction or renovation on their existing home.