DBH, Finance Ministry sign MoU

Business Desk :
DBH Finance PLC (DBH), the largest housing finance institution in the country and the only NBFI with an exclusive focus on housing finance, has recently signed an agreement with the Ministry of Finance (MoF) to facilitate home loans to government employees under Government Employee Home Loan Scheme.
All eligible regular government officers and employees can apply for a housing loan as per the eligibility criteria of the loan scheme designed by the Ministry of Finance, reads a press release.
As per the present circular, the maximum ceiling for this loan is Tk75 lakh and the maximum duration is 20 years. The present applicable rate of interest under this scheme is 9%, where the government will provide a subsidy of 5% to the employee and the employee will bear the remaining 4% interest on the loan.
Biswajit Bhattacharya Khokon, Additional Secretary of the Finance Division of the Bangladesh Government and Nasimul Baten, Managing Director & CEO of DBH Finance PLC signed the agreement on behalf of their organizations. Other top officials of both organizations were present in the program.