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Limited (IDLC)
The leading home loans provider in the country offers you the most
convenient home loans to suit your needs. With so many attractive benefits,
the home you always wanted is no longer a dream.
□ BENEFITS
Equal consideration for all applications irrespective of any professions
Dedicated and supportive service both before and after disbursement
Option to choose either Fixed or Variable rate of interest
Loan sanction within shortest possible time and also before starting
construction of the building or
purchase of the apartment
Early pre-payment option either in part or full with convenient
conditions
Income tax rebate on yearly interest payment on home loan up to Tk 2
million
Municipality holding tax rebate
Maximum loan offering to Non Resident Bangladeshi (NRB)
Competitive interest rate and lower fees
□ ELIGIBILITY
You are eligible if you are:
25 years and above but not more than 60 years of age
Earning regularly from a sustainable source of employment or
business
□ FACTORS AFFECTING YOUR LOAN AMOUNT
The home loan amount depends on your repayment capability. A
number of
factors are such as monthly net disposable income, age, qualifications, value
of the immovable property, number of family members and
dependants, monthly expense,
other fixed obligations, nature of job / business and savings habits are taken
into considerations.
Residential Purpose: 70% of the purchase price including registration cost or
80% of the construction cost of residential house.
Commercial Purpose: 70% of the purchase price including registration cost.
□ LOAN TERM
Residential Purpose
Category Maximum Term Maximum Age
Professional & Service Holders 20 years 60 years
Businessmen 15 years 60 years
Non Resident Bangladeshi (NRBs) 10 years 60 years
Commercial Purpose: For any profession, maximum 7 years
□ REPAYMENT MODE
The entire loan to be repaid by Equated Monthly Installments (EMI)
□ SECURITY
Mortgage of the property itself or any other equivalent security acceptable to
IDLC.
□ PROPERTY INSURANCE
Mortgaged asset should have fire or earth quake insurance by any IDLC
nominated insurance company.
□ HOW TO APPLY
Just feel free to call or visit any of our branch offices and collect the home
loan application form free of cost. Our officers are waiting to serve you. Just
visit our office or call today!
□ DOCUMENTATION REQUIRED
a. Employed
Recent passport size photo, copy of National ID Card and Bio data
Latest salary slip/salary certificate
Bank statement for one year
Statements of assets with copies of evidence
Evidence of other income (if any)
CIB Application Form
Allotment agreement with developer/ owner
Money receipts of amount already paid to developer/owner
b. Self Employed
Recent passport size photo, copy of National ID Card and Bio data
Tax assessment paper for last 3 years (Tax return & Assessment order)
Profit & Loss account and Balance sheet of business for last 3 years
Evidence of presents work in hand and value
Bank statement for the last one year
Statement of assets with copies of evidence
Evidence of other income (if any)
CIB Application Form
Allotment agreement with developer/owner
Money receipts of amount already paid to developer/owner
We have been a part of a 10 years journey in the real estate financing arena
with more than four thousand customers. IDLC offers maximum loan amount
and terms for NRB customers and extend all possible cooperation to fulfill
their dream to build up asset in their home land. Our home loan marketing
and sales officers are ready to give you the time tested advice that suits your
requirements.
□ PROPERTY SELECTION
You can either select the property by yourself when you are in the country or
by your nominated local keens / representatives. You may always seek for
our expert opinion before selection of your property from any developers
□ DOCUMENTATION REQUIRED
One copy recent passport size photograph
Latest salary slip/salary certificate showing all deductions.
Employment-contract
Photo copy of the passport with evidence of arrival at port of entry, visa
stamped pages.
Residency permit or latest work permit (if applicable)
Copy of continuous discharge certificate (CDC) for merchant mariners
Overseas and local bank account statements for last 12 months.
Tax papers for last three years duly attested by Bangladesh Embassy
Bio data and family background.
Company Profile/Brochure/ Web Mail Address
Power of Attorney (POA) to a Bangladeshi resident as per IDLC's format.
POA will also provide Personal Guarantee to the loan (Attachment)
Personal guarantee from an employed Bangladeshi local resident (age
below 50) as per IDLC's format.
For the above document in a language other than English, please get it
translated into English and attested by the Bangladesh Embassy.
□ SALIENT FEATURES
IDLC will be the master policyholder of the Group Life Insurance and you
will get a certificate as a member of the scheme.
Upfront single insurance premium is fixed based on borrower's age, loan
tenure and outstanding principal amount.
The insurance coverage ranges from Taka 200,000/- to Taka 10,000,000/-.
Insurance coverage of Tk. 1,000,000/- and Tk. 750,000/- will be granted
merely on declaration of your good health when your age is between 20-
40 and 41-45 respectively. Except for above, medical examination is
required.
Borrower gets minimum 50% to maximum 100% of the home loan
coverage under the scheme.
This coverage will be on a single borrower only. In case of joint loan, the
main income earner can become a member of the scheme.
The insurance coverage will start from the very first day of loan
disbursement.
This scheme is open to all IDLC home loan customers between the ages of
20 to 55 years. The maximum age at maturity should not exceed 60
years.
□ HOW TO APPLY
Just complete the "Insurance Application Form" (attached with Home Loan
Application Form) and hand it over to the dealing officer at IDLC's any branch
from where you are taking your loan along with a copy of your age proof.
□ HOW TO CLAIM
In the event of your unfortunate demise, your nominee will have to:
Inform us within 7 days of the event
Provide us with information and/ or documentation to establish the fact,
date, circumstances relating to and cause of the event
Co-operate with and assist IDLC in any investigation undertaken by the
insurance company
Provide evidence in support of the claim at the request of IDLC
□ ELIGIBILITY
Applicant's Monthly gross income is with in Tk. 50,000/-
Applicant’s those who have no house/ apartment either in their name or
their spouse/ children's name in the areas specified above. Applicant's
those who have not yet availed home loan from any bank/ financial
institutions
For salaried applicants, officially those who have no employee housing
loan scheme or those have so but still not avail the facilities are eligible
for this loan
The property itself will be kept mortgaged as security
□ FEATURES
Maximum loan amount is Tk. 2,000,000/-
Maximum loan term is 20 years
The insurance coverage ranges from Taka 200,000/- to Taka 10,000,000/-.
Maximum size of apartment is 1250 sft.
Moratorium period is 1 year
Entire loan can be disbursed with in one year from the date of first
disbursement