BHBFC offers loan at 9pc interest in Dhaka, Ctg

Bangladesh House Building Finance Corporation (BHBFC) is set to distribute housing loan at 9 percent interest rate in Dhaka and Chattogram metropolitan areas.

“The Finance Ministry has already given approval in this regard. The interest rate came into effect from July 1 this year. But, the existing rate of 8.5 percent for the areas outside Dhaka and Chattogram will remain unchanged,” BHBFC managing director Debasish Chakrabarty told BSS today.

For eliminating classified loan, he said, the existing borrowers can also enjoy the new rate if they clear all the dues of installments. “So, I call upon all the defaulters to clear their dues and enjoy the new rate of interest,” he said.

He said BHBFC is also offering 9 percent interest rate for purchasing ready-flats, which was 10 percent earlier.

The BHBFC managing director said his agency is offering seven types of products to take the services to all.

The products are Nagar Bondhu, Nagar Bondhu Falt, Palli Ma, Abasan Unnyan Reen, Abashan Meramat Reen, Probash Bondhu and Krishak Abashan Reen.

Debasish said BHBFC has increased the ceiling of all products for covering more people across the country.

Now, he said, a person can take loan of maximum Tk one crore of Dhaka and Chattogram areas, which was Tk 50 lakh earlier and maximum Tk 60 lakh for others areas which was Tk 40 lakh.

He said the trend of loan disbursement and recovery is upward since the BHBFC is providing all sorts of efforts to reach the loan facilities at grassroots level.

BHBFC disbursed Tk 360.02 crore in fiscal 2017-18, which was Tk 278.51 crore in fiscal 2016-17 and Tk 247.98 crore in 2015-16, he said.

Debasish said the disbursement of loans outside Dhaka and Chattogram areas is also rising as BHBFC disbursed Tk 223.67 crore in fiscal 2017-18 in those areas, which was 167.52 crore in 2017-18 and Tk 138.12 crore in 2016- 17.

He said BHBFC has also opened a helpdesk for giving information and solving problems of its customers.