Economic Reporter :
Bangladesh House Building Finance Corporation (BHBFC) plans to lower the interest rate for its flat loan scheme to single digit as some private banks have already cut the interest rates on flat loans.
“We’ll soon send a proposal to the Bank and Financial Institutions Division of the Ministry of Finance for bringing down the interest rate for flat loan to single digit,” said a BHBFC official.
Some leading private banks and financial institutions, including BRAC Bank, Eastern Bank, Standard Chartered, City Bank, IFIC, have already brought down the interest rates on flat loans.
Talking to the media, chairman of the board of directors of BHBFC Sheikh Aminuddin Ahmed said BHBFC cut the interest rates for house building and flat loans at the beginning of this year. The interest rate for house building was brought down to 9 percent from 12 percent while the interest rate for flat loan was fixed at 10 percent.
“We’re now thinking to adjust the interest rate with the market,” said Aminuddin Ahmed.
Bangladesh House Building Finance Corporation (BHBFC) plans to lower the interest rate for its flat loan scheme to single digit as some private banks have already cut the interest rates on flat loans.
“We’ll soon send a proposal to the Bank and Financial Institutions Division of the Ministry of Finance for bringing down the interest rate for flat loan to single digit,” said a BHBFC official.
Some leading private banks and financial institutions, including BRAC Bank, Eastern Bank, Standard Chartered, City Bank, IFIC, have already brought down the interest rates on flat loans.
Talking to the media, chairman of the board of directors of BHBFC Sheikh Aminuddin Ahmed said BHBFC cut the interest rates for house building and flat loans at the beginning of this year. The interest rate for house building was brought down to 9 percent from 12 percent while the interest rate for flat loan was fixed at 10 percent.
“We’re now thinking to adjust the interest rate with the market,” said Aminuddin Ahmed.
