DBH Finance PLC has recently signed an agreement with the Ministry of Finance to facilitate home loans to government employees under Government Employee Home Loan Scheme, said a press release.
All eligible regular government officers and employees can apply for housing loan as per eligibility criteria of the loan scheme designed by Ministry of Finance.
As per present circular, maximum ceiling for this loan is Tk 75 lacs and maximum duration is 20 years. Present applicable rate of interest under this scheme is 9 per cent, where government will provide subsidy at 5 per cent to the employee and employee will bear remaining 4 per cent interest of the loan.
Bangladesh Government Finance Division additional secretary Biswajit Bhattacharya Khokon and DBH Finance PLC chief executive officer and managing director have signed the agreement on behalf of their organisations
Other high officials of both organizations were present in the program.