Shimanto Nibash

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Everyone dreams of owning a home. To make that dream into a reality, Shimanto Bank Limited brings you a home loan for all types of general banking clients with exclusive benefits

EMI Based Term Loan to

  • Purchase Flat/Apartment/House for residence.
  • Extension of existing house
  • New House construction
  • Renovation of House/flat/apartment
  • Takeover of existing home loan/home credit/Mortgage loan.

 

Features:

  • For Salaried Person/Businessman/Landlord.
  • Loan Amount: – BDT 5 Lac to BDT 2.00 crore.
  • Interest rate:
    • a. 8.25% for BGB
    • b. 9.00% for General Customer (floating)-Fresh Loans & Take Over
  • Debt-Equity Ratio: – 70% : 30%.
  • Loan Processing Fee:
    • 0% Processing fee for Take-Over Loans
    • For Fresh Loan Application Processing Fee – 0.50%.
  • Repayment Tenor: 12 months to 300 months.
  • Collateral/Security: Registered Mortgage, tri-partite or four party Agreement.
  • Borrower Eligibility: – Bangladeshi
  • Age – 25 years to 65 years
  • For salaried Person 65 years or retirement age which is earlier.
  • Salaried Person minimum 2 years’ experience.
  • Gross Income Minimum Tk. 30,000/ (Tk. 40,000/= for joint Applicant)
  • Co-Applicant Eligibility: Spouse, father, mother, son and brother only, but co-applicant is must.

Documents for Shimanto Nibash:

  1. 4 copy Photographs duly attested (Applicant & Co-applicant)
  2. Salary Certificate (Not more than 3 months old).
  3. Individual Visiting Card and office ID Card.
  4. Applicant & Co-applicant TIN certificate & Payment receipt.
  5. NID or Passport Copy of Applicant & Co-applicant.
  6. Utility bill copy (Update/Not more than 3 months old)
  7. Personal Net Worth statement of applicant & Co-applicant.
  8. All existing Loan/Loan related offer/Sanction Letter and one-year Loan Account statement.
  9. Latest 12 months Bank Account Statements.
  10. Any other Income with supporting documents
  11. Proposed Mortgage Property related documents: All Legal Related Documents

*Conditions Apply