BB, DBH sign refinanced home loans disbursement deal
Wednesday, 19 September 2007
FE Report
Delta Brac Housing Finance Corporation Limited (DBH) has recently signed a participation agreement with the Bangladesh Bank (BB) in order to start providing home loans under the newly introduced BB Refinance Scheme for Housing Sector (RSHS).
Thus DBH, the only specialised institution in the country's housing finance sector, has become the first participating financial institution (FI) among all the banks and FIs to sign such an agreement with BB and commence lending under the scheme.
RSHS has been introduced to enhance home ownership among the middle and lower-middle income groups of borrowers through providing housing loans at an affordable interest rate.
Under the scheme, the banks and financial institutions will provide housing loans to the eligible borrowers for buying and constructing apartment units, within 1,250 sft size, in the six city corporation areas - Dhaka, Chittagong, Rajshahi, Khulna, Sylhet and Barisal - as well as in the municipal areas of Tongi, Gazipur, Savar and Narayanganj.
Delta Brac Housing Finance Corporation Limited (DBH) has recently signed a participation agreement with the Bangladesh Bank (BB) in order to start providing home loans under the newly introduced BB Refinance Scheme for Housing Sector (RSHS).
Thus DBH, the only specialised institution in the country's housing finance sector, has become the first participating financial institution (FI) among all the banks and FIs to sign such an agreement with BB and commence lending under the scheme.
RSHS has been introduced to enhance home ownership among the middle and lower-middle income groups of borrowers through providing housing loans at an affordable interest rate.
Under the scheme, the banks and financial institutions will provide housing loans to the eligible borrowers for buying and constructing apartment units, within 1,250 sft size, in the six city corporation areas - Dhaka, Chittagong, Rajshahi, Khulna, Sylhet and Barisal - as well as in the municipal areas of Tongi, Gazipur, Savar and Narayanganj.