Dhaka, Bangladesh (BBN) – Meghna Bank Limited wants to popularise its two home loan products at the Banking Fair Bangladesh-2015 with offering lower interest rate to the clients.
“We’re offering the home loan ranging between BDT 1.0 million and BDT 12 million with an interest rate of 13 per cent,” Md Shahnewas Roky, an assistant officer of the private commercial bank (PCB), told BBN at fair premise in Dhaka on Thursday.
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 clients are allowed to repay the loan by 20-year, according to the banker.
The new PCB is focusing another home loan namely ‘Apon Aloy’ at the fair for the urban people.
The bank will provide the urban people to build tin shade and semi-detached home with an interest rate of 13 per cent.
“We’re offering our Apon Aloy loan product to the clients ranging between BDT 0.50 million and BDT 2.5 million,” the banker explained.
The repayment tenure of the product is 10-year.
The PCB is also offering its three FDR products with an attractive rate of interest to the clients.
Meghna Bank offers 8.50 per cent rate of interest for three-month FDR, 8 per cent for six month and one-year.