Dhaka, Bangladesh (BBN) – IFIC Bank Limited is offering different type of green products with lower interest rates at the Banking Fair Bangfladesh-2015 in a bid to build an environment-friendly industrial and agriculture sectors.
The private commercial bank (PCB) is now officering credit facility for Bio-Gas, Vermin Compost, Brick Kiln, firefighting and safety equipment for the garment and composite industries with a maximum interest rate of 9.0 per cent, Masum Ali Gazi, senior officer of IFIC Bank told BBN at the fair ground in Dhaka on Wednesday.
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 across the country.
Mr. Masum said that his bank would disburse the loan by taking fund from Bangladesh Bank’s revolving refinance scheme for green product.
The PCB is also focusing a home loan product to the clients as it claim that the interest rate of the product is lower than that of similar products of other bank.
Under the home loan scheme, the bank will disburse maximum BDT 12 million to a client with an interest rate of 11.75 per cent. The repayment tenure of the loan is 25-year.
BBN/SSR/RZ