Looking for financial institutions to take home loans in Bangladesh? This article will help you find an ideal home loan finance company.
In Bangladesh, you’ll find plenty of home loan finance companies. Adding to that, there are banks and non-banking institutions too.
Hence, It’s not easy to decide on a company as there are many. Not to mention, you, of course, want the best interest rate. And only a couple of companies will meet your requirements.
So, here is a list of 8 non-bank financial institutions (NBFIs) for you.
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Delta Brac Housing (DBH) Finance Corporation
This company comes first on the list because they specialize in home loans. There are many reasons for them to be recognized nationwide.
For instance, they will cover up to 80% of the payment for your home with 25 years of repayment time. And they have a variety of home loan categories. Through this, they made home loans available for people from various income ranges.
DBH finance has managed to have the lowest non-performing loan in this unstable global economy. Rest assured, you will get your deposit money with interest per the agreement.
Additionally, they have faster loan processing without any error because no third party is involved in the loan application process.
2. Lanka Bangla Finance Limited
This is another well-known NBFI in Bangladesh. They are most popular because all their products, including home loans, are customized. And this kind of flexibility is always appreciated.
Additionally, they offer guidance and help to complete their housing plan. You will get the highest loan from them, which is a huge 100 million.
If you take a loan from them, there will be up to 30 years of repayment time. Moreover, they will allow you as much as 12 months to prepare if you can’t pay the loan in time.
This company will let you make a partial prepayment–making it even more convenient for their clients.
3. CVC Finance
This NBFI grew really fast in the market. The reason for that is they offer diverse financial products. And they are steadfast in utilizing technology to give the best service possible.
This company cooperates with several leading organizations. And their management has highly experienced people, which is another reason for their excellent performance.
If you take a loan from this company, you will get a 10-year repayment period. Additionally, partial and full early settlement is possible.
4. IDLC Finance
This is the largest non-banking financial institute with 40 branches nationwide. From them, you will get a variety of loan products. With a home loan, you might need to get a car loan. And you can get both loans from the same place.
You will get up to 25 years of loan repayment time. If you take a loan from them, they will cover up to 80% of the payment.
Before loan repayment expiry time, you can make either full or partial payments. Their process of interest rate determination is transparent.
5. Fareast Finance
They are best at managing the quality of their service. They will assist you in every stage of decision-making. Also, they will assist you throughout the loan-taking process.
There are a total of 3 home loan products: Construction, renovation, and apartment purchase. Although they don’t serve clients from various income ranges, they do their best for the target customer base.
6. IPDC
The company has financial institutions that help a variety of organizations. Those organizations are successfully operating in Bangladesh.
You will be amazed to know that they helped DBH finance to grow, and DBH finance is itself a top NBFI.
Other than these, they have a faster response time. As a result, you can get home loan information anytime. Their loan process is fast too.
They prioritize customers’ needs first. So, they don’t impose any limit on the loan you need to take.
7. FAS Finance
This is one of the oldest NBFI in Bangladesh. This company offers construction, home purchase, renovation, and home equity loans.
Their client base is diverse because they don’t consider clients based on their profession. They rather focus on their ability.
You will get a dedicated service both before and after taking the loan. Besides, the loan process time is short. They will approve a loan before you start construction or purchase an apartment.
You can make full repayment early. If not full, you can pick a flexible plan to pay for it.
8. MIDAS Financing Limited
This NBFCs mission is to provide financial assistance to lower-income people. They will cover up to 60% of the purchase cost of your property.
If you take a loan from this company, you will get 2 to 15 years to pay it back. And you can ask for a full loan in a single time or installments.
You can repay the total loan any time you want. Also, an early installment is available.
Over to You
Now that you know about some of the best home loan providers in Bangladesh, it will be easier for you to decide. Of course, you have further questions about these services. You can talk to them directly if you need any information.
Visiting their website given here, you will find the contact information.