Tuesday, May 20, 2008

Real Estate Apartment Loan in Bangladesh at 9% interest rate.

Consumers may get Housing Loan at 9% interest rate under
Bangladesh Bank Housing Loan Refinance Scheme.

Bangladesh Bank has re-fixed interest rate to 9% by reducing 1% on the Real Estate Housing Loan Scheme for the middle and lower-middle income group by a notification.
Failing to achieve less than 20% of targeted 1st years Housing Refince Loan disbursement of Tk.100 crore out of Tk.300 crore scheme for 3 years.

Bangladesh Bank has announced that a person will be eligible for this housing loan who’s monthly income is Tk.50 thousand, earlier what was Tk.30 thousand; maximum loan amount under this scheme will be Tk.30 lac, earlier what was Tk.20 lac and maximum size of the apartment/ flat size could be 1250sft. Repayment time of this loan is 20 years with a grace period of 12 months.

Due to heavy increase in Bangladesh Real Estate construction cost, an apartment costing Tk.30 lac last year has rose to Tk.50 lac at present. Construction material price doubled within a year.

This loan shall be disbursed through commercial banks and housing financing institutions. So, consumers should contact with the commercials banks for availing real estate apartment loan under this scheme.

Photo of Bangladesh Bank Head Office

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