Eastern Bank Limited (EBL) signed a Memorandum of Understanding (MoU) with Shanta Properties Limited (SPL) at a function in Dhaka recently.

Under this MoU, EBL will provide up to Tk 1 crore home loan facility to SPL customers with a lower processing fee and quicker turnaround time, said a press release.

On the other hand, EBL Home Loan customers will enjoy privilege service from SPL.

Nazeem A Choudhury, Head of Consumer Banking, EBL and Engr. Kamal Uddin Ahmad, CEO, SPL signed the MoU on behalf of their respective organisations.

Any person between the ages 25 and 65 years with a minimum regular monthly income is eligible to apply for EBL Home Loan.