Types of home loans

• Home Purchase Loans: Avail these when buying a new home.
• Land Purchase Loans: Choose them when you buy property for either investment or construction purposes.
• Home development Loans: Avail these when you are about to start a home mending or renovation project
• Home Loans Transfer: Transfer existing home loan into a new lender account to capitalize lower interest rate offered by different bank.

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Top "7 Home Loans" of Salaried Person of Amount 2 Lac for 2 Year

Company	Interest	Monthly installment	Total payable Interest
Eastern Bank Ltd.	9%	9,137 BDT	19,288 BDT
Brac Bank	9.5%	9,183 BDT	20,392 BDT
Standard Chartered Bank	9%	9,137 BDT	19,288 BDT
The City bank	8.75%	9,114 BDT	18,736 BDT
One Bank Limited	9.99%	9,228 BDT	21,472 BDT
Unlted Commercial Bank Limited	9.5%	9,183 BDT	20,392 BDT
IFIC Bank Ltd.	9.5%	9,183 BDT	20,392 BDT

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Secured and unsecured business credits

Business loans may be either secure or unsafe. With a secured loan, the debtor promise an asset (such as plant, materials, stock or vehicles) versus the debt. If the debt is not purified, the lender may demand the secured asset. Unsecured loans do not have collateral, though the lender will have a general claim on the borrower’s assets if restitution is not made.[3] Should the debtor become insolvent, unsecured creditors will usually realise a smaller ratio of their claims than secured creditors. As a consequence, secured loans will generally attract a lower rate of interest.

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Security/ collateral

• Hypothecation over the car (Registration of the vehicle in the joint name of the bank)
• First party comprehensive insurer.
• post dated cheque based on the loan tenor.
• Additional security in the form of personal Guarantee may be spouse/parents or an individual having solvency/income not
• less than that of the borrower supported by income proof

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Car Loan - Paper Required

• properly signed and filled appealform
• Passport Size Photo.
• Identity and signature evidence-
• Income proof:
1. Salaried Individual should be permanent
2. Salary account bank statement for six months
• Self-employed persons
1. Business stability and ownership proof
2. Last two years computation of income, Profit and Loss statement, and balance sheet certified by a C.A.
3. Latest six months bank statement
4. Last two years sales and copies of acknowledged IT returns as proof of turnovers

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Car Loan: Feature and Details

• Nationality only Bangladeshi people.
• Should be salaried, govt employed or professional.
• Should be 18 to 75 years old at the time of ripeness of loan.
• Should meet the minimum repayment receptivity or minimum salary requirements.
• Must be in the current job for one year (salaried) or two years in the same business (self employed or professional)

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Car insurance

Car insurance (also acquainted as car insurance, vechicle  insurance) is insurance for cars, lorry, motorcycles, and several street vehicles. Its elementary use is to give economic  saving contra physic loss and/or bodily hit become, from traffic shock,  and against indebtedness that could also rise there from. The appointed terms of vehicle insurance vary with legal rule,in each region. To a smaller degree vehicle insurance may additionally offer economic protection against theft of the vehicle and possibly harm to the vehicle, maintain from things other than traffic competition, such as keying and harm sustained by colliding with motionless objects.

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