BRAC Bank launches home loan for low & middle income people

NewsWorld365 NewsWorld365 , April 21, 2014

BRAC Bank Limited has introduced an affordable home loan product ‘Nijer Bari’ for the low and middle income group outside Dhaka city.

BRAC Bank Limited chairman Sir Fazle Hasan Abed formally launched the product at a program  at the head office recently by handing over the Loan Sanction Letter to the first customer of ‘Nijer Bari’ Suriya Begum.

The product will be offered in Comilla, Joydevpur, Narshingdi Sadar, Narayanganj City, Savar, Gazipur, Tongi and Bogra, said a press release.

Salaried, self-employed professional or businessmen and landlord will be eligible for the loan for purchase of under-construction/completed/second hand flats/apartments/house or construction/ extension of house.

They will get up to Tk. 20 lac for a maximum period of 10 years.


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