Dhaka, Monday- BRAC Bank Limited has introduced an affordable home loan product ‘Nijer Bari’ for the low and middle income group outside Dhaka city, reports in press release.
Sir Fazle Hasan Abed, Chairman, BRAC Bank Limited, formally launched the product at a program in Head Office recently by handing over the Loan Sanction Letter to Ms. Suriya Begum who is the first customer of Nijer Bari.
Mr. Shib Narayan Kairy and Dr. Hafiz G. A. Siddiqi, Directors, Mr. Syed Mahbubur Rahman, Managing Director & CEO, Mr. Firoz Ahmed Khan, Head of Retail Banking, and senior officials were present.
This product is first of its kind in Bangladesh which will realize home owning dream of low and middle income group people come true.
The product will be offered in Comilla, Joydebpur, Narshingdi Sadar, Narayanganj City, Savar, Gazipur, Tongi and Bogra.
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.