HOME LOAN
We offer home loan to help you to make your dream home into a reality. Home Loan is a term loan facility to purchase of flat/ house, construct a structured building, renovate house/flat, construct semi pucca (tin shed) and to transfer any home loan from other banks and financial institutions.
Overview
Home Loan is a term loan facility under Retail Banking for the lower middle class, middle class and upper class people of all Metropolitan, City Corporation, Pourashava & Union Parishad areas. Bank Asia offer’s following purpose based products under House Finance:
Shopner Nirman
Construction of Building
BDT 5 lac to 2 crore
25 Years
Shopner Abash
Purchase of Flat/ House
BDT 5 lac to 2 crore
25 Years
Griha Shaj
Renovation of House/Flat
BDT 5 lac to 1 crore
15 Years
Shopner Kuthir
Construction of Semi Pucca House
BDT 5 lac to 1 crore
15 Years
Nijer Bari
Take Over of Existing Loan from other Banks or NBFIs
BDT 5 lac to 2 crore
25 Years
AUTO LOAN
Auto Loan is a term loan facility offered by Bank Asia to individual in order to purchase brand new and reconditioned vehicle for personal use.
Overview
Auto Loan is term loan facility offered by Retail Banking for purchasing brand new and reconditioned vehicle for personal use. Under this scheme the vehicle is hypothecated to the bank only.
UNSECURED PERSONAL LOAN
Unsecured Personal Loan (UPL) is a term loan facility offered by Bank’s Retail Banking Division to individual salaried persons where the Bank has its operations
Overview
Unsecured Personal Loan (UPL) is a term loan facility offered by Bank’s Retail Banking Division to individual salaried persons where the Bank has its operations to cater their personal needs. This is also an “any purpose” loan. However, the applicant must need to mention the purpose of the loan clearly in the loan application.
LOAN FOR PROFESSIONALS
Professionals are providing services to our society as well as to the nation but sometimes they face financial requirement to run their services in a better way. In order to facilitate them, Bank Asia offers loan for self-employed professional.
Overview
Loan for Professionals is a personal loan scheme designed for professionals (doctors, engineers, architects, Management consultants, IT professionals etc.) to support their small scale purchase of different equipment, tools and small machinery for installation at their business sites / offices.
SENIOR CITIZEN SUPPORT
Senior Citizen Support is a loan facility offered by Retail Banking Division of Bank Asia to the senior citizen of the country where the Bank provides financial support to the elderly individuals of the society.
Overview
Senior Citizen Support is an unsecured personal loan scheme for senior citizen having monthly fixed income (rental, pension, interest income, etc.) to fulfill their financial requirements. Any Bangladeshi individual who is eligible under applicant’s segment of this loan and has the ability to repay the loan may apply.
STUDENT SUPPORT LOAN
Students are the future of the nation. Education is a key of a brighter nation however financial shortfall may create a hinder on the way. Being a socially responsible financial institute, Bank Asia has always been a step closer to the students. Bank Asia offers this loan to pursue higher study both in local and abroad.
Overview
Student Support Loan (SSL) is a loan facility offered by Bank’s Consumer Finance under Retail Banking Division for the student to cater their financial needs of respective student’s higher education. Currently a significant number of students are willing to pursue higher degrees in abroad and Bank Asia helps to peruse their dream.
Customer Segment:
Any Bangladeshi individual who has the means and capacity to repay bank loan. In specific terms, these could be salaried person, self employed professional, businessman, mariners, land lord, wage earners etc.
Loan Features:
Loan amount: BDT 5 lac to BDT 2 crore
Loan tenure: 1 year to 25 years
Loan processing fee: 0.5% of the loan amount
Property or life insurance is not mandatory
Partial & full settlement facilities are available
Grace period facility: maximum 12 month
Charges & Fees:
Processing fee: Up to Tk. 50 lac: 0.50% but not exceeding Tk. 15,000, Above Tk. 50 lac: 0.30% but not exceeding Tk. 20,000
Expense on valuation, Vetting, CPV, CIB & other mortgage related fees & charges are to be incurred by applicant
Partial / Final prepayment: 0.50% on prepayment amount
Penal interest: additional 2% per month on overdue loan amount
Eligibility:
Age Limit: Main applicant’s minimum age should be 25 year (if income is considered) and 18 year age (if income is not considered). Joint applicant’s minimum age should be 18 year. Maximum 65 year at of loan maturity
Minimum income: aggregated Income must be more than BDT 25,000 except Mariners. For Mariners, income must be more than BDT 50,000
Service length / Experience:
Salaried individual: Minimum 2 (two) year
Doctors: 1 (one) year of practice experience after getting BMDC registration
Engineer, Chartered Accountant & Other professionals: 2 (two) year of professional experience
Businessman: business duration minimum 3 (three) year
Mariners: 2 (two) year of professional experience with Continuous Discharge Certificate (CDC) authentication
Land Lord: Must have sufficient regular rental income to repay bank loan
Wage Earners: Must have sufficient proof against remittance income
