City Bank Home Loan Eligibility Criteria
Before you apply for a City Bank mortgage, it's important to check whether you meet the basic loan eligibility requirements. While final approval depends on City Bank's internal assessment, the standard criteria are outlined below:
| Eligibility Factor |
Criteria |
| Applicant Age |
Minimum 21 years; maximum up to 65 years at loan maturity |
| Nationality |
Bangladeshi resident / eligible applicant as per bank norms |
| Employment Type |
Salaried individuals, self-employed professionals, business owners |
| Minimum Income |
Stable and verifiable monthly/annual income (as per City Bank policy) |
| Employment Stability |
At least 1–2 years of work/business continuity |
| Credit Profile |
Good repayment history and acceptable credit behavior |
| Loan Tenure |
Flexible tenure options based on age and income |
| Property Type |
Residential property approved by City Bank |
| Co-Applicant |
Allowed (spouse or close family member, if required) |
| Debt-to-Income Ratio |
Must fall within City Bank's prescribed limits |
City Bank Home Loan Schemes
City Bank offers multiple City Bank loan schemes designed to suit different home-buying needs and budgets. Popular mortgage plans include:
Home Purchase Loan: For buying new or resale residential apartments or houses.
Home Construction Loan: Ideal for customers building a home on their own land, with phased disbursement.
Fixed Rate Home Loan: Offers predictable EMIs with stable interest rates for a defined period.
Floating Rate Home Loan: Interest rates vary with market conditions, potentially lowering long-term cost.
Mortgage Balance Transfer / Refinancing: Option to shift an existing loan for better terms under a City Bank mortgage.
These options make City Bank a strong contender for those looking for low interest home loans and an affordable mortgage in Bangladesh.
Documents Required for City Bank Home Loan
Preparing the correct home loan documents helps ensure faster approval. Below is a clear checklist of documents required for City Bank home loan in Bangladesh:
| Document Category |
Required Documents |
|
Identity Proof
|
National ID / Passport
|
|
Address Proof
|
Utility bill, rental agreement, or official address proof
|
|
Income Proof (Salaried)
|
Salary slips, employment certificate, bank statements
|
|
Income Proof (Self-Employed)
|
Business registration, financial statements, bank statements
|
|
Property Documents
|
Title deed, sale agreement, approved building plan
|
|
Photographs
|
Recent passport-size photographs
|
Additional documents may be requested depending on the City Bank mortgage application and applicant profile.
Tax Benefits of City Bank Home Loan
Under applicable Bangladesh income tax regulations, borrowers may be eligible for certain City Bank loan benefits related to housing loans. Key points include:
- Interest paid on home loans may qualify for tax considerations
- Benefits depend on prevailing government rules and borrower income category
- Applicable deductions are subject to change under tax law
- For accurate and personalized advice, it is recommended to consult a qualified tax professional
City Bank Processing Fees & Charges
When you apply for a City Bank home loan, the following charges may apply:
- Processing Fee: A percentage of the sanctioned loan amount
- Legal & Valuation Charges: Payable to third-party professionals
- Documentation / Administrative Costs: As applicable
There are no undisclosed or hidden charges, helping you plan your finances confidently.