Business Desk :
Bangladesh Bank in a new directive has said the Non-Resident Bangladeshis (NRBs) will be allowed to borrow up to 75 percent of total cost for house building, which was earlier 50 percent.
“The NRBs can be eligible for housing loans at a maximum debt equity ratio of 75:25 instead of the existing 50:50. Other instructions in this context shall remain unchanged,” said the central bank in the directive issued on Sunday.
The directive was sent out to all managing directors and chief executive officers of all the authorised dealer (AD) banks of foreign exchange.
As per the previous directive issued on December 6, 2015, the NRBs were entitled to 50percent of total cost as housing loan.
“The expatriates are financially capable of repaying debts as they send home large sums of money.
