Dhaka, Bangladesh (BBN) –Eastern Bank Limited is offering home loan with an attractive interest rate to the clients at the Banking Fair Bangladesh-2015.
The rate of interest of the home loan has been fixed at 11.11 per cent and the clients will be allowed to receive maximum BDT 120 million to build a home, Md Hasanuzzaman, sales team leader of consumer banking of the EBL, told BBN at the fair premise in Dhaka on Thursday.
The repayment period of the home loan is 25-year.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday aiming to build a banking nation through boosting the ongoing financial inclusion campaign in Bangladesh.
The private commercial bank (PCB) is also highlighting its platinum credit card as they will not impose any issuance fee to the clients on occasion of the fair meaning that it will issue the card without taking any charge from the clients, Mr. Hasanuzzaman explained.
The bank is trying to popularize a personal loan product namely ‘Executive Loan’ and the maximum ceiling of the loan is BDT 1.0 million with an interest rate of 12.99 per cent.
The private banker also said the clients will not require submitting any collateral securities to take the loan, but they have to place personal guarantee to enjoy the facility.