Dhaka, Bangladesh (BBN) – LankaBangla Finance Ltd, a non-bank financial institution, is working to focus its home loan at the Bangladesh Banking Fair-2015.

Under the product, the LankaBangla is offering a huge amount of loan to the clients to build their home than that of the commercial banks.

The NBFI will give home loan maximum amount of BDT 10 crore to a client while the banks usually offer highest loan amount of BDT 1.20 crore, Nure Mahbubul Alam, a deputy team leader for auto loan of the LankaBangla Finance, told the BBN during the ongoing fair.

Under the product, the clients will have to pay interest rate between 12.5 per cent and 13 per cent with repayment tenure of 25 years.

At the fair, the NBFI is also trying to popular its auto loan as it offers a loan amount of 70 per cent to 80 per cent against the purchased value of the clients’ vehicles.

The rate of interest of the auto loan is between 12.5 per cent and 13.5 per cent with a repayment tenure of 5-years.

The NBFI is also offer personal loan amounting to BDT 20 lakh to its clients while the commercial banks usually disburse the loan maximum BDT 10 lakh.

The clients will not require collateral securities to enjoy the personal loan with an interest rate of 14.50 per cent.

Bangladesh Bank Governor Dr Atiur Rahman inaugurated the 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 five-day long fair will come to an end with a closing ceremony this evening.

BBN/SS/ANS