Bangladesh House Building Finance Corporation
Established : 1952
Head Office : 22, Purana Palton, Dhaka-1000,
Phone : 9560574, Fax : 88-02-9561324
Email : bhbfc@bangla.net, Web : www.bhbfc.gov.bd

Citizen Charter

Eligibility for getting loan :

1. Ownership of Land/Plot.
2. Ability for primary investment (at least 20% of estimated cost).
3. Bangladeshi National.

Deeds and documents required to be submitted with loan application :
(A) The following documents are required for the Application of a loan in case of land allotted by the Government/ National Housing authority/ RAJUK/ CDA/ KDA/ RDA/Cantonment Board/Housing Society (land allotted by the Gvt.) etc.

1. Original allotment letter
2. Possession transfer letter.
3. Original lease deed along with a photo copy of the deed (duly attested by a class 1 gazetted officer). If original lesase deed is not available from the sub-registrar’s office then original receipt (given by the sub-registrar’s office) and a certified copy of this lease deed is required.
4. No objection certificate (N O C)/Mortgage permission letter in favour of the Corporation  is required.

(B)In case of Non Government/private owned land :

1. Land owner’s original title deed (Sub kabla/ gift/ partition deed)
2. Certified copy of C.S,  S.A & R.S khatian.
3. Mutation Khatian, D.C.R, Recent Rent payment Receipt.
4. Baya deeds.
5. Non encumbrance certificate (including 12 years search) issued by district registrar’s office is needed.

(C) Necessary documents in case of both kind of ownership patterns :

1. Two copies of building plan/layout plan approved by the competent authority along with approval letter.
   
2. Soil test report of the land on which the proposed building will be constructed.
   
3. (a) In case of multi storied building two copies of structural design of the proposed building is required along with a certificate issued by a graduate civil engineer/Executive Engineer/ Engineering consulting firm with at least 5 years of experience in this field.
   (b)  In case of a building having 7 storied or over, a certificate is needed to be issued by a experienced graduate civil engineer/Executive Engineer/ Engineering consulting firm with at least 10 years of experience.
   4. Two copies of route map signed by the applicant.
   
   5. Two copies of attested passport size photograph and two copies of attested specimen signature of the applicant.
   
   6. Applicant’s income certificate, Income tax identification number and certificate of income tax payment (in case of taxpayer).
   
   7.In case of having no self-income a guarantor is needed. Applicants Husband/wife/son/unmarried daughter may be appointed as a guarantor.
   
   8. A declaration made on a non-judicial stamp narrating.
   (a) Proposed building will be constructed as per approved plan and
   (b) No loan has been taken from this Corporation or from any other financial Organization for the construction of house.

(D) In case of Group Loan :
      The group members declaration and agreement in relation to the respective portion of the land and floors of the building as well.

Service : House building loan disbursement activities :
Bangladesh house building Finance Corporation operates its loan activities all over the Country. The terms and conditions of loans depending on various factors, such as importance of the locality, nature of loan, condition on existing roads etc.

The existing terms and condition of loans of the corporation are as follows :

Required fees for getting loan :

(1) Loan application fee : Taka 3.00 per thousand taka for general loan.
            Taka 5.00 per thousand taka for flat loan.
(2) Inspection fee : Taka 3.00 per thousand taka for general loan.
            Taka 5.00 per thousand taka for flat loan.
(3) Fee for transfer of House/Flat :Taka 7500.00
(4) Loan separation fee : Taka 3000.00
(5) Price of loan application form : Taka 500.00 (for general loan)
            Taka 1000.00 (for flat loan)
(6) Transfer application form : Taka 200.00

Rate of interest :
For Dhaka & Chittagong Metropolitan area : 12% per annum
Other divisional, district & Upazila head quarters : 10% per annum

Places for Collection & submission  of loan application form:
Loan application forms may be collected and submitted to the respective Zonal and Regional offices.

Required time for sanctioning a loan :
20 days for Zonal office (in case of Government/ Private plot).
25 days for Regional office (in case of Government/ Private plot).

Loan repayment period :
In case of General, Additional and group loan the repayment period is 15 years. In case of Flat/Apartment loan the range of repayment period is 5 to 15 years. For special scheme the loan repayment period is 20 years Normally the installment of the loan repayment begins from the 1st day of the 13th month after receiving 1st cheque of the loan. In case of Flat/Apartment  loan the repayment begins from the 1st day of the 4th month after receiving the last cheque of the loan.

Return of deeds and documents :
The deeds and documents can be collected from respective Zonal and Regional offices after full payment of loan. The borrower himself/herself will collect the deeds and documents after closing of the loan case. If the borrower is dead, the death certificate and succession certificate issued by the word commissioner of the city corporation/chairman of union parishead will be required. In this way the successor of the borrower will be able to collect the deed and document by themselves.

Selected Bank and Branches for Repayment :
All borrowers of the corporation can deposit their installments in Janata Bank Ltd., Purana Paltan Branch (Ground floor of BHBFC building) Dhaka. Borrowers of Dhaka metropolitan area can deposit their installment in the selected Branches of Sonali Bank Ltd. in Dhaka city along with Janata Bank Ltd., Purana Palton Branch, Dhaka.

Borrowers of Chittagong metropolitan area can deposit their installment in the selected Branches of Sonali Bank Ltd. in Chittagong metropolitan area.

Borrowers of all Divisional, District and Upazila areas other than Dhaka & Chittagong metropolitan areas can deposit their installment at the selected Branches of Sonali Bank Ltd. in their respective areas.

For complain and further information & suggestions please contact :

For Head office :
1.         Deputy General Manager (Law and Recovery)
            22, Purana Palton, (3rd floor) Dhaka. , Phone : 9565562
2.         Deputy General Manager (Loan)
            22, Purana Palton, (1st  floor) Dhaka, Phone : 9561826

For field offices :
1.         Respective Zonal Manager
2.         Respective Regional Manager.

N. B. We cordially invite valuable suggestions/recommendations through e-mail/website address from our clients/individuals to enrich our citizen Charter for better client services.