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A term loan facility to finance Home Renovation/ Extension/Purchase of household durables for better dwelling standard. Home Improvement facility we finance the followings:
- To Purchase of Flat which is in construction and ready stage.
- Construction/extension of residential building .
- To purchase old Flat/Building/House (not older than 15 years at the time of approval from date of plan approval of the proposed flat/building/house.
- To facilitate construction/extension of apartment/ residential house/building
- Renovation of apartment/residential building/house.
- Takeover of the current balance of the home loan from any other bank or NBFI, plus an additional amount for apartment, building, or house
Target Segment:
- Salaried
- Self-employed professional
- Businessman
- Landlord/Landlady
Age Limit:
- Minimum: 21 Years
- Maximum: 65 Years but for salaried segment, maximum age is 60 years or retirement age whichever is earlier
Loan Limit:
- BDT 100,000.00 to BDT 5,000,000.00 (For Home Improvement)
- BDT 500,000.00 to BDT 20,000,000.00 (For Home Loan)
Loan Tenure: 01 to 20 years
Loan to Value ratio: 70:30
Minimum Income:
- a) NCC Bank Home Loan
- For Salaried: BDT 40,000.00
- For Self Employed Professional: BDT 50,000.00
- For Businessman/Landlord /Landlady: BDT 50,000.00
- b) NCC Bank Home Improvement Loan: