logo

NHFIL provides home loan at 10pc interest

Tuesday, 25 September 2007


FE Report
National Housing Finance and Investments Ltd (NHFIL) signed a participatory agreement with Bangladesh Bank (BB) in the city recently.
Under the deal, the NHFIL will avail refinancing from the BB for concessional lending to housing sector at 10 per cent interest.
An intending applicant may avail loan up to Tk 1.5 million (15 lakh) for purchase of house/apartment within the size of 1250 square feet in the metropolitan areas of Dhaka, Chittagong, Khulna, Rajshahi, Sylhet and Barisal and municipal areas of Narayanganj, Savar, Gazipur and Tongi.
An applicant should have regular income below Tk 30,000 per month and should not have any house/apartment in the above areas in his or her own name or in the name family members.