FBCCI demands 5.0pc interest rate on flat loan

The country's apex trade body on Tuesday demanded of lowering the interest rate on flat purchase loan to 5.0 per.

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) also called for rescheduling the repayment period to at least 10 years to help give an impetus to the country's real estate sector.

The FBCCI Standing Committee related to the Ministry of Housing and Public Works made the demands at a meeting, held at the FBCCI in Dhaka, according to a statement.

The committee also underscored the need for fixing reasonable price for the construction materials including rod, cement and bricks to help the sector grow.

The participants at the meeting also recommended lowering flat registration fees to 6-7 per cent from the existing 12 per cent. The meeting also decided to organise a housing fair at the FBCCI. Chairman of the standing committee Liyakot Ali Bhuyan Milon presided over the meeting.

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