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Interest rate on home loan comes down

Published : Sunday, 22 September, 2019 at 2:03 PM  Count : 362

Interest rate on home loan comes down

Interest rate on home loan comes down

Bangladesh House Building Finance Corporation (BHBFC) has reduced interest rate on loan for constructing home and buying flat.

Now interest rate pn farmer housing loan 7 percent in any growth area of upazila headquarters, its adjacent areas (Peri-urban) and upazila earlier it was 8pc.

And interest rate on rural housing loan, loan for expatriate, housing development loan and housing renovation loan in any area except Dhaka and Chattogram is now 8 percent, earlier it was 8.50 percent.

BHBFC on September 12 issued a notification, reducing interest rate. The notification will come into effect from July 1.

Seven and 8 percent interest will be applicable in the loans granted from July 1 to still now.

Customers' all installments must be up-to-date to get the chance if new rate, said the notification.


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