Dhaka, Bangladesh (BBN) – Uttara Bank Ltd is promoting its credit product for repairing home at the Banking Fair Bangladesh-2015 which began on November 24.
The credit product is titled as “Uttara House Repairing Loan” and its maximum credit ceiling is BDT 30 lakh, Abdus Sattar, principle officer of the Uttara Bank, told the BBN during the ongoing fair.
The interest rate of the loan is 15 per cent and the repayment period is 5 years.
The bank will provide the loan to its clients so that they will be able to repair their home easily, Mr Sattar said.
During the fair, the bank is also keeping importance on its cash credit (CC loan) product so that the businesspeople can meet up their working capital.
The interest rate of the CC product is 15.50 per cent.
The bank is also encouraging the marginal farmers at the fair to get loan to cultivate four types of import-replacing crops — pulses, oil seeds, spices and maize. The rate of interest of the product is 3 per cent.
Bangladesh Bank Governor Dr Atiur Rahman inaugurated the five-day long banking fair on Bangla Academy premises in Dhaka on Tuesday.