Get the keys to unlock the door of your dream home with Jamuna Homes facility. Once you decide, Jamuna Bank is ready with a wide range of Home Loan options that can be customized to your specific need.
Features
Purpose:
– Construction/Purchase of Flat/Apartment/ House.
– Apartment Renovation / Extension / Completion.
– Taking Over & Renovation / Construction.
Loan Size: Minimum Tk. 5 Lac, Maximum Tk. 200 Lac.
Loan Tenor: Minimum 03 Years and Maximum 20 Years.
Loan to Price Ratio: Maximum 70:30.
Eligibility
Age:Minimum-21 years and Maximum-65 years at the end of loan tenor
Minimum Monthly Income: Tk.25,000 to Tk.40,000, depending on the type of profession of the applicant
Length of Experience:
Salaried Person -Regular/Permanent employee having minimum 1 year of total experience and minimum 6 months with the present employer.
Professional/Self employed person: Minimum 2 years of practice in the respective profession.
Businessman : Minimum 2 years of business establishment and having valid Trade license.
Land Lord/ House Owners : Minimum 1 year in house renting and taxpayer.
Wages Earner/Overseas Job holder : Having Wages income from abroad for at least 1 year through legitimate channel.
Required Documents
National ID Card
Passport Size Photographs
Bank Account Statements (Minimum 06 Months).
Income and Professional Proof-
– For Service holder- Letter of introduction from employer/Salary Certificate/Pay Slip / Employment ID Card .
– For Professional -Copy of professional certificate .
– Landlord- Copy of Rental Agreement/Rent Receipts/Title/ownership documents of rented property.
– Businessman-Trade License .
– Others Income-Proof of income .
Personal Guarantee .
ETIN Certificate with Up to date Tax return submission receipt (if applicable) .
Copy of a utility bill of contact address /permanent address .
Land and building/flat related documents .
FAQ’s
1. What is Jamuna Homes?
Jamuna Homes is a home loan product of Jamuna Bank to facilitate customers for purchasing/construction of Flat/Apartment/House or renovation/extension/Completion of finishing work of existing Flat/Apartment/House/Takeover Home Loan from other Bank/NBFI.
2. What is the purpose of Jamuna Homes?
– House/Flat/Apartment construction.
– Flat/Apartment/House purchase.
– Renovation/Extension/Completion of existing Flat/Apartment/House.
– Taking Over existing Home Loan from Any Banks/NBFIs.
3. What are the property (Building/Flat to be financed) criteria for Jamuna Homes facility?
– Must be owned/to be purchased by the applicant(s) or one of the applicants.
– Must have specific approval (For Residential/ Residential Cum Commercial), Lay Out Plan and other necessary permission of the competent authority.
– Use for the residential purpose only.
– Not older than 20 Years from the date of approval of the lay out plan.
– Must have easy access road to the project and must be well demarcated.
– At least 30% of the owner’s equity (Excluding Land value in case of construction) to be spent/paid (In case of purchase) before approaching for the facility to bank.
– At least foundation works of the House to be completed and civil works of the Flat/Apartment purchasing to be visible.
4. What is the minimum and maximum loan amount of Jamuna Homes?
Minimum loan limit BDT. 5 Lac and maximum loan limit BDT 200 Lac (Loan amount shall not exceed 70% of FSV of the property).
5. What is the minimum and maximum loan tenor for Jamuna Homes?
Minimum 03 years to Maximum 20 years
6. Is there any Grace Period allowed for Jamuna Homes?
Yes, maximum 12 Months depending on the progress of the work of the property/Flat.
7. What is the minimum and maximum age of the applicant to avail Jamuna Homes?
Minimum 21 years and Maximum 65 years (In case of salaried person maximum 60 years) at the end of loan tenor.
8. What is the Debt-Equity ratio for Jamuna Homes?
Maximum 70:30
9. What is the minimum and maximum number of joint applicant/borrowers for Jamuna Homes?
Minimum 02 applicants to maximum 04 applicants. Joint/Co-applicant is limited to family member of the principal applicant (i.e. Spouse, Parents, Siblings and Children only.
10. Can the customer apply for Jamuna Homes with his/her friend?
No, only the immediate family members qualify.
11. Can the customer apply for Jamuna Homes singly?
Single applicant having high Net Worth/Strong Repayment Capacity/Well Security Coverage may be accepted on a case to case basis.
12. What is the minimum monthly income of the applicant to avail Jamuna Homes?
Minimum Monthly Income: Tk.25,000 to Tk.40,000, depending on the type of profession of the applicant.
13. What is the required length of experience?
For Salaried Person: Regular/Permanent employee having minimum 1 year of total experience and minimum 6 months with the present employer.
For Professional/Self employed person: Minimum 2 years of practice in the respective profession.
For Businessman: Minimum 2 years of business establishment and having valid Trade license.
For Land Lord/ landlady/House Owners: Minimum 1 year in house renting and taxpayer.
For Wages Earner/Overseas Job holder: Having Wages income from abroad for at least 1 year through legitimate channel.
14. What are the required documents to avail Jamuna Homes?
• National ID card/Smart ID/ Birth Certificate/ Passport
• Passport Size colored Photographs
• Bank account statements (minimum 06 months)
• Income and Professional Proof-
– For Service Holder- letter of introduction from Employer/salary certificate/pay slip/employment Id card.
– For Professional- Copy of professional certificate.
– Landlord: Copy of rental agreement/rent receipt/title/Ownership documents of rented property.
– Businessmen: Trade License.
– Other income: Proof of income.
• Personal Guarantee
• ETIN Certificate with up to date Tax return submission receipt (if applicable)
• Copy of a utility bill of contact address/permanent address.
• Land and building/flat related documents.
15. What is the repayment process of Jamuna Homes?
Through Equated Monthly Instalment (EMI). EMI amount can be deposited through debiting applicant’s Savings/Current A/C or cheque or RTGS/BEFTN or JBPLC’s Mobile App/Wallet.
16. Can partial payment/early settlement is made anytime in Jamuna Homes?
Yes. Partial payment/ early settlement can be made anytime. *Conditions Apply
17. What is the Interest Rate of Jamuna Homes?
As prescribed by the bank as per Bangladesh Bank’s Circular issued from time to time.
18. What is the Fee & Charges of Jamuna Homes?
As per prevailing schedule of charges of the bank.