Modhumoti Home Loan

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Modhumoti Home Loan

MODHUMOTI HOME LOAN
LET’S BUILD YOUR DREAM HOME

The convenience of our own Home Loan Specialist

Whether you’re buying, building, renovating, investing or refinancing, it’s good to have someone you can turn to for a helping hand; someone to answer questions and help you through the home loan process, from application to settlement.
That’s why Modhumoti Bank PLC. has Home Loan Specialists – giving you a dedicated point of contact for all your home loan needs. To get in touch, call our helpline number or visit our local branch.

Home loans at a glance

It’s important to choose a home loan with features and benefits that suit your individual needs. Our Home Loan Specialists can assist you with this and ensure you’re informed of any fees and charges associated with the features you intend to use. You can then assess the savings you could make against any associated costs. Considering your need, Modhumoti Bank PLC. designed Modhumoti Home Loan in two segments:

1. Modhumoti Thikana
2. Modhumoti Ashroy

Key features

Early full and partial settlement allowed
Competitive interest rate
Automatic realization of monthly installment
Access to Phone and Internet Banking
Various home loan repayment options and ability to set up automatic repayments
No hidden charges

Information gathering and preparation

Feature	Modhumoti Thikana	Modhumoti Ashroy
Purpose	Purpose might be considered as follows: Purchase of apartment/houses House constructions Extension/Renovation of existing house/apartment Takeover of other banks/FI’s Home Loans	Construction of semi-structured (Non RCC) buildings/house i.e. houses with brick wall and corrugated iron roof.
Customer Segment	Salaried employees of reputed organizations & Self-employed persons with 3 years’ experience	Salaried employees of reputed organizations & self-employed persons with 3 years’ experience
Age Limit	Minimum Age: 21 years Maximum Age: 65 Years at Loan Maturity	Minimum Age: 21 years Maximum Age: 65 Years at Loan Maturity
Minimum Income	Salaried individual BDT 35,000.00 Businessmen BDT 50,000.00 Self-employed professional BDT 50,000.00 For land lord/lady (solely depends on rental income) Minimum rental income must be BDT 50,000.00	Salaried individual BDT 30,000.00 Businessmen BDT 50,000.00 Self-employed professional BDT 50,000.00 For land lord/lady (solely depends on rental income) Minimum rental income must be BDT 35,000.00
Loan Limit	Minimum Loan amount: BDT 500,000.00 Maximum Loan amount: BDT 200,00,000.00 Including IDMP, if any.	Minimum Loan amount: BDT 500,000.00 Maximum Loan amount: BDT 40,00,000.00 Including IDMP, if any.
Loan Tenor	Loan repayment tenor will be minimum 5 years and maximum 25 years including grace period. Grace Period: Maximum 12 months	Loan repayment tenor will be minimum 3 years and maximum 10 years including grace period. Grace Period: Maximum 3 months
Security	Registered Mortgage with RIGPA of the property to be financed or TPA/FPA	Registered Mortgage with RIGPA of the property to be financed

To know more please contact any of our Branches
Or,
Retail Banking Division
Modhumoti Bank PLC.
Head Office

Khandker Tower, (Level-7 & 8), 94, Gulshan Avenue, Gulshan-1, Dhaka-1212
Phone: +88 01787 662944 (10.00 am – 06.00 pm on working days)

Helpline. 16347 (24/7)
Long Code: +8809610016347 (24/7)