Land Purchase and Construction

Tasheel Aqari - Land Purchase and Construction

Financing for the purchase of a land plot and construct on it, or purchase an existing building

ELIGIBILITY

Age:
21 - 50

Monthly Income:
150 - 1,200

Maximum Financing Amount:
BD 70,000

Subject to terms and conditions as per the housing regulations

USE OF FINANCING

Purchase a land plot and construct on it

Purchase a building and add to it

TERMS

The first stage is disbursed to purchase the land, the difference between the land price and the first stage amount is paid by the applicant

The second and third stages are disbursed subsequently to build the housing unit

Repayment term up to 30 years

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

If financeis 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.

ADVANTAGES

Coverage of real estate registration fees for the financing amount value

Coverage of life insurance

No requirement for a maximum property price limit

The possibility of benefiting from a larger financing amount if the deduction rate is increased voluntarily

In the event of early repayment by the beneficiary, the financing amount received by the citizen decreases due to benefiting from the full government support in advance.

Fixed monthly installment

Immediate service

The first installment starts after 6 months