Pubali Bank Pioneers Paperless Property Loan Processing

Pubali Bank, one of the leading private-sector banks in Bangladesh, has introduced an online system for applying for housing loans to build or purchase a home or apartment. Applicants can now submit the required documents digitally with a simple click, which the bank will then review before making a decision.

According to bank sources, the loan amount ranges from a minimum of Tk 200,000 to a maximum of Tk 20 million, with an interest rate between 13.5 and 14 percent.

To apply, customers must visit the Pubali Bank website and select one of the purposes—buying a flat, constructing a building, or renovating a property—to begin the application. Access to the application form is granted through a one-time password (OTP) sent after entering a national identity number and mobile number.

The application form consists of nine steps: personal information, identity and contact details, employment information, purpose of the loan, income information, guarantor details, references, and the desired loan amount.

Once the application is submitted, the bank will verify the documents. If any deficiencies are found, the applicant will be notified. If everything is in order, the bank will then proceed to contact the applicant and disburse the loan.

Any Bangladeshi citizen with a valid national ID card is eligible to apply. Applicants must be taxpayers, have a stable source of income, and be between 21 and 65 years of age. At the end of the loan term, the borrower’s age must not exceed 70 years.

Customers are required to contribute at least 30 percent of the property’s value from their own funds. The maximum loan tenure can extend up to 25 years.