Loan Calculator

Calculate Home Loan For Properties in Bangladesh

Applying For Home Loan in Bangladesh

What Is A Home Loan?

A home loan is the credit provided by a bank, in order for an individual to buy a property. This loan can only be used for the purpose of getting a home. The loan is repaid each month, until the principal is cleared in full along with the interest.

What Is A Home Loan?

A home loan is the credit provided by a bank, in order for an individual to buy a property. This loan can only be used for the purpose of getting a home. The loan is repaid each month, until the principal is cleared in full along with the interest.

What Are The Different Types Of Home Loans?

Usually, there are only fixed interest loans available, with monthly repayments on a reducing balance basis. Interest is calculated on a monthly reducing balance as opposed to an annual reducing balance. As the market develops it is likely that adjustable-rate mortgages will be possible.

How To Apply For A Home Loan?

In order to apply for a home loan simply call into your local bank, or call the customer care line and ask for the home loan department. Applications will then be approved at the sole discretion of the bank in question. A qualified mortgage advisor will be able to assist you in completing the application.

Documents required for home loan application?

The loan application is straightforward. You will need the original property title deed under your own name, property insurance covering fire, earthquakes, flood, and cyclones, and The Irrevocable General Power of Attorney (IGPA).