What is the maximum amount of loan I can borrow?
DBH normally provides maximum 80% of Apartment purchase cost and 80% of cost of Construction.
How will DBH decide the loan amount I am eligible for ?
Subject to the maximum loan limit as mentioned above, your Repayment Capacity as assessed by DBH will determine the Loan Amount you can borrow. Repayment Capacity is determined by the factors such as your income, age, qualifications, number of dependents, spouse's income, assets, liabilities, stability and continuity of occupation and savings history. While providing Housing Loan, DBH wants to ensure that you can comfortably and regularly repay the Loan Amount you borrow.
When can I make an Application for Housing Loan?
You can apply when you are planning to purchase an apartment/plot or construct/extend a house or renovate your apartment/house. The application can be made even if the payment against the potential purchase or the construction work of the house has not started.
How do I make an application?
DBH prescribed loan application form needs to be properly filled up and to be submitted to any of the DBH offices along with case-specific required documents and necessary fees (to be paid through A/C payee cheque).
What is the Fees payable and when are these payable?
Please contact any of the DBH Offices for the Fees details currently applicable to avail DBH Home Loan. Please note that, payment of all fees must be made through "A/C Payee" Cheques in favour of "Delta Brac Housing Finance Corporation Ltd." Loan related fees are subject to 15% VAT.
What are the supporting documents to be submitted along with an Application?
Please contact any of the DBH Offices for the Processing Fees and Loan Fees currently applicable to avail DBH Home Loan. Please note that, payment of all fees must be made through "A/C Payee" Cheques in favour of "Delta Brac Housing Finance Corporation Ltd." Loan related fees are subject to 15% VAT.
INCOME DOCUMENTS:If you are Employed
- Employment Certificate
- Latest Salary Slip/Salary Certificate showing all documents.
- Bank statements for last 12 months.
- Trade License of the business
- Copies of individual income-tax returns and assessment orders for the last three years along with the statement of income.
- Profit and Loss Account and Balance Sheet of your business for last three years.
- A note giving information on the nature of your business/profession, form of organization, clients, suppliers etc.
- Bank statements for last 12 months.
- Copies of Ownership Document & Rental Agreement, if you have rental income
- Copies of Savings Instrument (if any)
- Similar proof of other income.
Who should be the co-applicants?
All of the property owners need to be added as either applicant or co-applicant(s) of the loan. Normally, respective spouses are added as co-applicants irrespective of their ownership status in the concerned property.
How do I repay the loan?
DBH loans are repaid in Equated Monthly Installments (EMI) comprising both principal and interest amount. EMI starts after availing the full loan amount. In partly drawn cases, only the interest amount (PEMII) calculated on the already drawn amount is payable each month.
What are the Home Loan Interest Rates ?
Please click the link beside for presently applicable home loan interest rates. Download here
Is the Rate of Interest fixed for the entire duration of the loan?
DBH offers both Adjustable and Fixed Rate Home Loan Schemes. Under Adjustable Rate Home Loan (ARHL) Scheme, depending on the changes in money market conditions, DBH reserves the right to change the rate of interest prospectively from time to time. In case of Fixed Rate Home Loan (FRHL) Scheme, the rate of interest remains same throughout the loan tenure.
When can I draw down the loan?
Loan amount can be availed after satisfactory legal documentation, full own investment and satisfactory work-in-progress as per DBH assessment.
In what form can i make payment to DBH?
Fees to be normally paid through A/C Payee cheques in favor of Delta Brac Housing Finance Corporation Ltd. EMI and PEMII amounts to be paid through Electronic Fund Transfers in most of the cases.
Do I get Tax Benefit on the loan?
Holding Tax benefit from concerned City Corporations may be availed if your property is Registered Mortgaged with DBH.
Does the property have to be insured?
Please ensure that the property is duly and properly insured for fire and other appropriate hazards, as required by DBH, during the term of the loan and to produce evidence thereof to DBH, each year and/or whenever called upon to do so. DBH should be the beneficiary of the insurance policy.
Will DBH assist me in selecting my dream home?
DBH has information of developer inventory across most major cities and you may take assistance from DBH on prospective property leads based on your requirement.
Will DBH Finance Non-Resident Bangladeshis having foreign passports?
DBH finances in such cases subject to compliance to prevailing policies.