NRBC Bank has signed an MoU with the American company Framework Finance LLC recently to provide home loan for expatriates. NRBC Bank will disburse loan facility to expatriates for construction of houses and apartments in Bangladesh.
For this purpose, special 'Home Loan' product has been launched. Under this product, expatriates can take loan facilities and pay loan instalments from abroad.
These loan instalments can be paid in foreign currency.
NRBC Bank has signed an agreement with the American company Framework Finance LLC recently to bring this service to the doorsteps of expatriates, says a press release.
The signing ceremony took place at NRBC Bank head office. Under this agreement, Framework Finance LLC will act as channel partner for Non Resident Bangladeshi (NRBs) who are interested to invest in the real estate industry in Bangladesh as well as arranging loan facility for the NRBs.
Md Rabiul Islam, Managing Director & CEO (Current Charge), NRBC Bank, and Azadul Haq, Managing Director, Framework Finance, signed the agreement.
Among others, Harunur Rashid, DMD & COO, Kazi Md Safayet Kabir, SEVP & Head of Retail Banking Division, and Ariful Haque, Manager, FFL, were also present.
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