Tasheel Taawon

Tas’heel - Ta’awon

Financing to jointly purchase or construct a property with other friends or family

ELIGIBILITY

Age:
21 - 50

Monthly Income:
320 - 1,200

Maximum Financing Amount:
BD 70,000

Subject to terms and conditions as per the housing regulations

USE OF FINANCING

Purchase a housing unit

Purchase a land plot

Purchase a land plot and construct on it

Construct a housing unit

Purchase a building and add to it

TERMS

Buying or constructing a property in the form of an apartment building, apartment complex, or attached dwellings or compound

The property’s value must cover the aggregate financing amount. The ownership of the property to be transferred in case of purchase or construction to the group beneficiaries under separate title deeds or the pro rate of their ownership within the property

Beneficiaries within the group must be in agreement if a new applicant is added to Tas'heel Ta'awon

A group of applicants can apply together to purchase, or construct one collective property through Tas'heel Ta'awon

Prior to the issuance of the decree, a new applicant or an existing applicant can join Tas'heel Ta'awon

Financing can be obtained either from Eskan Bank or partner banks.

Repayment term up to 30 years

If finance is obtained from Eskan Bank, then property to be mortgaged as security for the financing with Eskan Bank.
If finance is obtained from partner banks, then property to be mortgaged to the financing bank