Mercantile Bank Limited emerged as a new commercial bank to provide efficient banking services and to contribute socio-economic development of the country. The Bank commenced its operation on June 2, 1999. The Bank provides a broad range of financial services to its customers and corporate clients. The Board of Directors consists of eminent personalities from the realm of commerce and industries of the country.
Home Loan
Residing at own home/flat is a long cherished dream to everyone. To materialize this dream, Mercantile Bank Ltd is beside you offering easy to avil competitive Home Loan with lucrative features.
Our Strength
We ensure smooth and prompt disposal of the loan for your dream house to turn into reality.
We offer most competitive interest rate with easy to access terms and conditions.
Purpose
Purchase of Flats/Apartments.
Construction of House.
Extension of House.
Renovation of House.
Finishing Works of Building.
Taking over of regular House Building from other Banks/Fls.
Eligibility
Bangladeshi National
Regular Employees of Govt. / Semi/Autonomous Bodies / Multinational Companies/ Public Ltd. Co. / Private Ltd. Companies etc.
Self employed Professionals.
Businessman.
Teachers of Universities / Colleges / Schools and established educational institutions in the Public and Private Sectors.
Age limit 21-60 years (including repayment period).
Loan Limit
Max. Tk 75 lac.
Period
Max. 25 Years (including grace period)
Repayment Mode
Equal Monthly Installment
Interest rate
Required Documents
Supporting documents regarding ownership of Land / Building / Apartments.
TIN Certificate
Disclosure of income statement and personal networth
Lay out plan approved by the competent authority.
Application Process
Please apply in a prescribed form visiting any of our brances
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