DESCRIPTION

I. Construction Loans/ Development Loans

It is a kind of loan suitable for construction project ( Developer ) , construction individual ( Land owner ) and compound building . ( Contractor / Land owner )
Loan period is for one year and up to three years from the date of issue.
Application for loan extension ( renewal ) can be done before the end of loan period.
Regular interest is calculated by fixed rate ( 12% per annum ) upon permitted amount.
Paid on every ( 3 ) month ( quarterly month by financial year ).
Services charges ( 1% per annum ) is paid on the permitted loan amount.

REQUIREMENTS
  • Construction loan can be applied after completion (50%) of Building / Project Construction.
  • CHD Bank shall be provided only ( 50% ) of Building / Project Construction Cost.
  • Only for company/contractor
    • Company registration / license of Business.
    • License of contractor. ( Issue by YCDC )
    • Receipts of revenue tax for last 1 or 3 years. Only for company/contractor.
    • Financial statements for the last 1 or 3 years.
  • Contract between Land owner and contractor.
  • Documents concerning the ownership of properties.
  • Grant , map and history of properties. ( Last 6 month issued ).
  • Construction cost approved by Engineer.
II. Overdrafts

It is a kind of loan to provide for the business development to increase working capital.
A typical term of Loan and overdraft is one year from the date of issue. Overdraft loan can renewable one month before maturity.
Regular interest is calculated by fixed rate ( 12% per annum ) upon permitted amount.
Paid on every ( 3 ) month ( quarterly month by financial year ) .
Services charges ( 1% per annum ) is paid on the overdraft amount.

REQUIREMENTS
  • Company registration / License for Business.
  • Memorandum of association , Article of association , From VI and From XXVI. ( For company )
  • Board of Director resolutions. ( For company )
  • Receipts of revenue tax for 1 or 3 years.
  • Financial statements for the last 1 or 3 years.
  • Documents concerning the ownership of properties.
  • Grant , map and history of properties. ( Last 6 month issued )
III. Housing Mortgage Loan

It is a kind of loan to provide for single building and apartment buyer.
Loan period is ( 2 ) years for single building and up to ( 8 ) years for apartment.
Interest rate is ( 12% ) per annum. Calculated by Amortization method.
Interest is calculate only upon remaining amount.
It is a system to pay back installment monthly for the end of loan period. ( Example : Term ( 2 ) years – Monthly installment for ( 24 ) times. )
Loan to value ratio ( LTV ) is maximum ( 70% ) of the price.
Down payment is minimum ( 30% ) of the price.
Services charges ( 1% ) of the price for the whole period.

REQUIREMENTS
  • Permit to buy for single building / apartment approved by DUHD / MCDC (or) Dealer company.
  • House hold income with relevant documents.
  • Proposed terms and sources of repayment.
  • Recommendation of employer. ( For company employee )
  • Recommendation of departmental head. ( For government employee )
IV. Hire Purchase

It is a kind of loan for Construction Machines and Vehicles buyer.
Period is ( 1 ) to ( 2 ) years.
Interest rate is ( 6% , 7% ) per annum.
It is a system to pay back installment monthly for the end of loan period.
Loan to value ratio ( LTV ) is maximum ( 70% ) of the price.
Down payment is minimum ( 30% ) of the price.
Services charges ( 1% ) of the price for the whole period.

REQUIREMENTS
  • Dealer’s recommendation.
  • Sale contract between dealer and buyer.
  • Invoice.
  • Down payment.
  • Source of repayment with relevant documents.