SFIL - FLEXIBLE TERMS HOME LOAN

The repayment of home loans have never been so simple! SFIL can convey inventive arrangements related to Home Loans, a custom made solution to fulfill your requirements.

FLEXIBLE TERMS HOME LOAN FEATURES


  • Step Up Repayment Facility (SURF)
    In the event that the Clients require the next amount of advance but don't have the income to benefit the tall installment at the moment but his/her wage is likely to extend in the future, at that point the borrower can select to pay littler EMIs within the prior a long time and steadily increment the estimate of the advance installments with the increment of their pay afterward a long time.

  • Step-Down Repayment Facility (SDRF)
    In the event that the borrower's present pay stream empowers him / her to pay more presently and on the off chance that his / her pay is likely to drop within the coming a long time at that point the Clients can too chose to pay bigger estimate of installments during the initial years and decrease the estimate of the installments with any potential decay in their pay in future.

  • Structured Repayment Facility (SRF)
    A combination of both the plans can also be organized where the borrower chooses to repay the advance depending on his/her arrangement and comfort and anticipating the up and coming circumstances at different stages of the credit tenure.



ELIGIBILITY CRITERIA


How can I use this loan?

You can use this loan to purchase your own apartment developed by renowned developers.

Am I Eligible?

You can apply for this loan right now if:

  • Regular income from a sustainable & valid source of employment or business.
  • Age of the main income earner should be within 65 years at the end of proposed loan tenure.
  • Slab casting of Ground Floor has to be completed to apply for the loan.
  • Property being constructed should be an eligible & enforceable security.

Required Documents

Salaried

Following documents need to be submitted along with a completely filled-up loan application form.

Purpose

Documents

Identification and general requirement

  • Two copies of photograph (applicant and each of the co-applicants)
  • National ID/ Valid Passport/ Valid Trade License/ Birth Registration certificate copies (applicant and each of the co-applicants)
  • ETIN certificate and latest tax certificate/tax acknowledgment receipt copy.
  • C.V.

Income Documents

  • Letter of Introduction and Salary certificate
  • Payslip (latest three months)
  • Latest 12-month bank statement(s) (Original)

Property documents

  • Deed of Agreement and Money Receipts copy
  • One set of project ownership document if the project is not approved already
  • One copy of the approved plan from a competent authority

Other documents

  • A cheque for applicable processing fees

Document requirements may vary based on case-specific situations.


Self Employed

Following documents need to be submitted along with a completely filled-up loan application form.

Purpose

Documents

Identification and general requirement

  • Two copies photograph (applicant and each of the co-applicants)
  • National ID/ Valid Passport/ Valid Trade License/ Birth Registration certificate copies (applicant and each of the co-applicants)
  • ETIN certificate and latest tax certificate/tax acknowledgment receipt copy.
  • C.V.

Business ownership documents

  • Updated trade license copy
  • Memorandum of Association copy in applicable cases
  • License copies from competent authorities in applicable cases

Income Documents

  • Personal and/or company tax return copies for latest 03 years
  • Management accounts for latest 03 years
  • Personal and business bank statements for latest 12 months (original)
  • Work order/Ledger/ Bill copies for period as will be advised
  • Import/Export Realization certificate from Bank in applicable cases
  • Company profile and client list.

Property documents

  • Deed of Agreement and Money Receipts copy
  • One set of project ownership document if project is not approved already
  • One copy of approved plan from competent authority

Other documents

  • A cheque for applicable processing fees

Document requirements may vary based on case-specific situations.


Professionals

Following documents need to be submitted along with a completely filled-up loan application form.

Purpose

Documents

Identification and general requirement

  • Two copies photograph (applicant and each of the co-applicants)
  • National ID/ Valid Passport/ Valid Trade License/ Birth Registration certificate copies (applicant and each of the co-applicants)
  • ETIN certificate and latest tax certificate/tax acknowledgment receipt copy.
  • C.V.

Income Documents

  • Self declaration of income/ Income certificates from institutions in applicable cases
  • Latest 12-month bank statement(s) (Original)

Property documents

  • Deed of Agreement and Money Receipts copy
  • One set of project ownership document if project is not approved already
  • One copy of the approved plan from competent authority.

Other documents

  • A cheque for applicable processing fees

Following documents need to be submitted along with a completely filled-up loan application form.


Terms & Conditions

TERMS AND CONDITIONS

Deposit should be made by A/C payee cheque in favor of "Strategic Finance & Investments Limited.". It would be ideal if you note that SFIL does not get any cash sum from clients for any purpose.

Mode of Acceptance:

Deposits have to be made by A/C payee cheque in favor of "Strategic Finance & Investments Limited." If it's not too much trouble note that SFIL does not get or give any cash entirely from clients for any reason. An suitably filled-up application shape got to go with the cheque in conjunction with other required records. Store frequently will be made from depositor’s bank account and the interest or central will additionally be traded to that account through Bangladesh Electronic Fund Trade Orchestrate (BEFTN) system.

Mode of Repayment:

The depositor is required to return his/her unique store certificate to SFIL with required marks to en-cash his/her deposit. Payments will be made in favor of his/her bank account as per SFIL record through Bangladesh Electronic Finance Exchange Arrange (BEFTN) system.

Premature Encashment:

Untimely encashment may be permitted as it were after completion of three months of the store. In such cases, the rate of return will be calculated at 2% lower than the contract rate except Simple Deposit.

Renewal:

Deposit will be automatically renewed with accrued interest from the date of maturity at the then prevailing rate of return unless otherwise advised.

Taxes and Excise Duties:

Charge on benefit and Extract Obligation will be appropriate as per government rules and controls. Any other charges forced by the government, controller of any other important specialist from time to time will moreover be appropriate.

Loan Repayment:

Depositor can repay the loan anytime. At the time of repayment, the interest sum would be balanced to begin with and the remaining adjustment would be balanced with the central sum. Credit sum and interest would be balanced with the deposit development esteem in case reimbursement is not made some time recently maturity.

Deposit Transfer :

SFIL deposits are not transferable.

RIGHT TO CHANGE:

SFIL deserves the right to change the terms and conditions mentioned above without prior notice to customers.

Contact Person


MD. SHAJEDUL HAQUE
SEVP, Head of Retail
Phone: (+88) 01817143002