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Required Documents for Loan Processing


 

 

                                                 

 Payment of the instalments of the loan:

1) Loan is to be paid in monthly instalments.

2) Instalments are to be deposited at the selected branches of some selected banks. These branches of the banks are : selected branch of Sonali Bank, Purana Paltan Branch. Janata Bank, K.D.A. Avenue Branch, Dhaka National Bank, selected branch of Standard Charterd Banks, Khulna.

 

Realisation of interest during the time of construction:

1) Generally repayment instalment of the loan starts in the 13th month after receiving the cheque of the first instalment of the loan.

2) During the time of the house construction total interest (I.D.C.P.) on the drown loan may be paid at a time. But if the loan receiver desires, she/he may pay the IDCP in monthly instalment throughout the entire tenor of the repayment of the loan.

3) Interest is charged on IDCP during the whole tenor of the construction of the house. Service or no other change is implied on the sanctioned loan is I.D.C.P is not converted into capital (changeable).

Sanction of Loan & charge of Interest:

1) On the basis of the advancement of the construction of the house loan is sanctioned or cheque is issued 4/5 times.

2) Interest is charged only on the drown loan. No charge is issued on the interest of any classified loan. Besides this no interest is charged on the interest of any unpaid instalment; is corporation only charges simple interest on the sanctioned loan, it never charges interest on interest.

3) Interest is charged on the reducing balance or remaining balance. Service charge or no other charge is issued on the issued loan.

Payment of instalment:

1) It is not possible to repay the loan is if the repayable instalment duly for every month (with in the loan period). If the loan instalment is defaulted than there arises different kind of problems even there will file cases.

2) 3% additional interest of the Principal Overdue will be paid if the overdue is more than 12 instalments.

3) Before the fixed loan period one can repay the total loan balance, in this case the interest will be charged only on consumed period with the principal amount.

Regularisation of Classified Loan:

1) Considering the economic crisis of the borrower the classified loan can be rescheduled to regularize. The loan under case (paying the fixed down payment by the help of court of sole compromised) or the loan without cased the borrower themselves can take reschedule by paying down payment mentioned below:

*** 1st rescheduling: 15% of total overdue 10% of total balance can be chosen minimum one between the two.

*** 2nd rescheduling: 30% of total overdue 20% of total balance can be chosen minimum one between the two.

*** 3rd rescheduling: 50% of total overdue 30% of total balance can be chosen minimum one between the two.

 

2) If the rescheduled borrower cannot pay down payment he can go for instalment. In this case after 1st instalment the next instalment will be within 90 days or 3 months.

 

Help Desk

To make it easy for the loan borrower and to upgrade the services there is a Help Desk in BHBFC Head Office. Providing account statement, deposit book, provisional application and providing information about loan are the activities of the help desk. Besides to provide one-stop services to the field offices the help desk has been established.

Complaint Box:

Any kind of complain from our valued customer can drop in the complaint box kept in third floor.

 

Filing case of Realisation of Loan:

If the number of classified instalments and amount exceed the limit of tolerance, then the corp. issues case in loan case for the realization of the remaining total loan. 

Purchased houses:

Miscellaneous cases will be filed against the defaulted customers who are unable to repay duly. According the judgment of miscellaneous cases, the execution cases can be filed. By execution case of the court to recover the dues of the Corporation will call for auction to sell the loaned houses. If there is no client to buy the loaned house for repayment of corporation’s dues by 1st, 2nd and 3rd auction, the corporation itself can buy the house by paying “poundage fee”. In the next time the corporation call for tender in the daily newspaper to sell the purchased house and take necessary steps.