GSP Finance teams up with BB to provide home loan
Thursday, 8 November 2007
FE Report
GSP Finance Co (Bangladesh) Ltd has recently signed a participation agreement with the Bangladesh Bank (BB) to extend home loan facility to borrowers of lower and middle-income classes.
The loan scheme styled 'Bangladesh Bank Refinance Scheme for Housing Sector' has been introduced by the central bank through ACSPD (Agricultural Credit and Special Programmes Department of the Bangladesh Bank) for providing home loans to the people of lower and middle-income groups of six divisional cities, including four municipal towns, namely, Tongi, Gazipur, Savar and Narayanganj, of the country to purchase house or apartment with unit size of 1250 square feet (sft) or less.
The loan bears a 10 per cent interest per annum and it is repayable within a tenure of 20 years with one year's grace period, according to a press release.
A person who does not own a house or apartment in the name of himself or spouse or children in the aforesaid areas and whose regular gross monthly income does not exceed Tk 30,000.00, may receive a maximum amount of Tk 1.5 million (15.00 lakh) as home loan.
To become an owner of a house or apartment, interested persons may contact GSP Finance Co (Bangladesh) Ltd, 1 Paribagh, Mymensingh Road, Ramna, Dhaka-1000, PABX: (880-2) 9674306, E-mail: lnfoagspfinance. coin.
GSP Finance Co (Bangladesh) Ltd has recently signed a participation agreement with the Bangladesh Bank (BB) to extend home loan facility to borrowers of lower and middle-income classes.
The loan scheme styled 'Bangladesh Bank Refinance Scheme for Housing Sector' has been introduced by the central bank through ACSPD (Agricultural Credit and Special Programmes Department of the Bangladesh Bank) for providing home loans to the people of lower and middle-income groups of six divisional cities, including four municipal towns, namely, Tongi, Gazipur, Savar and Narayanganj, of the country to purchase house or apartment with unit size of 1250 square feet (sft) or less.
The loan bears a 10 per cent interest per annum and it is repayable within a tenure of 20 years with one year's grace period, according to a press release.
A person who does not own a house or apartment in the name of himself or spouse or children in the aforesaid areas and whose regular gross monthly income does not exceed Tk 30,000.00, may receive a maximum amount of Tk 1.5 million (15.00 lakh) as home loan.
To become an owner of a house or apartment, interested persons may contact GSP Finance Co (Bangladesh) Ltd, 1 Paribagh, Mymensingh Road, Ramna, Dhaka-1000, PABX: (880-2) 9674306, E-mail: lnfoagspfinance. coin.