Dhaka, Bangladesh (BBN)- IDLC Finance Ltd has recently launched a new kind of loan -- RegistraLoan -- to help people registering their property.
The loan facility offered to service holders, professionals, self-employed people and business persons will help secure ownership of apartments, commercial spaces and land, the non-banking financial institution (NBFI) said.
RegistraLoan is aimed at helping customers cover the registration cost of the property already purchased or already under possession.
Those who have already registered their property using own financing are also eligible to avail the product, it added.
Eligible customers may avail a limit of up to BDT 2.0 million with a maximum payback period of 10 years at competitive interest.
“Property registration costs have increased enormously over the past few years and many property-owners are finding it difficult to manage this large additional cost," said Selim RF Hussain, chief executive officer of IDLC Finance. "We believe that 'RegistraLoan' will significantly expedite real estate ownership.”
BBN/SSR/AD-17Oct12-10:50 am (BST)
