Send Money Financial Institution Home Loan & Housing Finance - Features, Fee & Requirements | Banking BD

Product Overview

Send Money Financial Institution Home Loan / Housing Finance provides up to ৳2 Crore (up to 70% of property market value) for apartment purchase, house construction, building renovation, or residential plot purchase. Enjoy competitive interest rates, extended repayment tenure up to 25 years (300 months), and expert legal title verification.

Key Features & Benefits

• Financing ratio: Up to 70% of property purchase price or construction cost estimate
• Substantial loan quantum from ৳5,00,000 up to ৳2,00,00,000 (৳2 Crore):
• Repayment tenure up to 25 years (300 months) for low monthly EMIs:
• Financing available for apartment purchase, pucca/semi-pucca home construction, renovation & plot purchase:
• Take-over / balance transfer facility from other banks with top-up loan options:
• Joint applicant facility with spouse, parents, or siblings to enhance loan eligibility:
• Dedicated legal and property title search support from bank empaneled lawyers:

Special Perks & Privileges

• Tax rebate benefits under Bangladesh Income Tax rules on interest paid
• Subsidized property fire and structural insurance policies

Product Specifications & Fee Schedule

Eligibility Criteria

• Age: 25 to 65 years at loan maturity
• Minimum monthly income: ৳40,000 for salaried executives; ৳60,000 for businesspersons & self-employed
• Bangladeshi citizen or NRB (Non-Resident Bangladeshi) with clean CIB report

Required Documents

• Signed Home Loan Application Form
• NID card copy, e-TIN certificate copy, and recent passport photos of applicant & guarantor
• Active bank account statement for the last 12 months
• Salary certificate & office ID (for salaried) or Trade License & 2-year financial statements (for business)
• Property title deeds: Bia Deed, CS/SA/RS/BS Khatian, Mutation Khatian with DCR, Non-Encumbrance Certificate (NEC), and RAJUK / CDA / KDA approved plan