Eastern Bank Ltd. | EBL Home Credit

EBL Home Credit

EBL Home Credit is a Term loan facility (EMI based) for credit worthy individuals for meeting the purpose of Renovation/Extension/Construction/Purchasing of new property.

Features

Home Loan for the purpose of
- House/flat/apartment renovation
- House construction
- Purchase of new property.
- Finishing work etc.
Loan amount: BDT 500,000 to BDT 20,000,000
Repayment tenure of up to 25 years
Loan to value:70% of the property value
Competitive interest rate
No Processing fee for Take over home loans from other Banks/ Financial Institutions
Early full and partial settlement allowed
Shortest Loan Processing Time
Minimal documentations
No hidden charges

Eligibility

Age:

Min (at the time of application) : 25 Years
Max (at the end of loan tenure):
- Salaried Segment: 65 years or retirement age whichever is earlier
- Businessman/Professional Segment: 65 Years

Length of experience:

Salaried Executives: Minimum 2 years of experience (including probation period) with 6 months employment with present employer. Applicant must have to be confirmed permanent employee at the time of application.
Professionals: Minimum 3 years of practice in the profession as per BMDC/ Professional Certification
Businessman: Minimum 3 years of involvement in business as per Trade License