Without selecting the property, clients can apply for this loan. prospective clients need to open up a deposit account with LBFPLC before/after selection of property. this amount will be used as booking money money/initial investment by the clients.
Without selecting the property, clients can apply for this loan. prospective clients need to open up a deposit account with LBFPLC before/after selection of property. this amount will be used as booking money money/initial investment by the clients.
Why choose Flexi Home Loan
Highest loan amount up to BDT 50 million
Loan term up to 30 years including maximum 6 months moratorium period
EMI calculation on Monthly Reducing Balance Method
Partial Prepayment or Early Settlement options at any time on outstanding principal amount.
Approval of home loan before purchase of apartment for high net worth customer
Loan disbursement during the construction stage
Disburse against tripartite agreement or registered mortgage
Top up facility
Loan takeover facility
Semi Fixed and Variable interest rate – anyone can choose
Loan facilities for Non-Resident Bangladeshis
What are the Purposes
Purchase of readymade apartment / building for residential including used property.
Purchase of under construction (ongoing) apartment/ building or to be constructed apartment/ building of an under construction (ongoing) building for residential.
Key Features
Clients can apply for home loan under this scheme without selection of the property.
Prospective clients will be encouraged to open a deposit account (TDR/Money builder) with LBFPLC before/after selection of property and the amount can be used as booking money/initial investment by client as per his/her instruction.
LBFPLC will issue conditional sanction letter.
Final sanction letter will be issued after selection of the property and to be confirmed after LBFPLC visit or valuation of the property.
After selection of the property the loan amount may be changed to upper/lower based on the property value and income status of clients.
Structured Installment Plan: Depending on the earnings/ cash flow of the applicant, may be skip-a-payment method, step-up method, step-down method.
Maximum loan tenure will be 30 years
Required Documents
Application Form duly filled up and signed
Valid Photo ID (National ID/ Passport/ Driving License) of Applicant(s)
Valid Photo ID of Guarantor(s)
Studio Photographs of applicant(s) (self-Attested)
Studio Photograph of guarantor(s) (Attested by applicant and Guarantor)
eTIN Certificate( IT10B is required if applicable)
Copy of Utility bill- Electricity/ WASA/Gas (If applicable)
Bank Statement of last 12 months.
Security Collateral
Proposed property and/or any property acceptable to LankaBangla may be taken as collateral. Property is required to be Registered Mortgage through TPA (Tripartite Agreement) or Registered Mortgage as per Law prevailing in Bangladesh.
