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  • Last Update : 10:29 pm

Home loans for government employees at 5% interest from October 1

  • Published at 08:16 pm September 25th, 2018
WEB_Home-loan_BHBFC_PID_Edited_25.09.2018
Officials of Bangladesh House Building Finance Corporation (BHBFC) and Sonali Bank, Agrani Bank, Janata Bank, and Rupali Bank pose for a photo op with Financne Minister AMA Muhith after signing a memorandum of understanding (MoU) to provide government officers and employees with home loans at 5% interest rates on Tuesday; September 25, 2019 PID

Government sources said it will take about two years to bring all government employees under this scheme.

Four state-owned banks and Bangladesh House Building Finance Corporation (BHBFC) signed a memorandum of understanding (MoU) on Tuesday to provide government officers and employees with home loans at 5% interest rates.

In the presence of Finance Minister AMA Muhith, the managing directors of Sonali Bank, Agrani Bank, Janata Bank, and Rupali Bank signed the MoU with the BHBFC, reports UNB.

Finance Division Additional Secretary, Md Jafar Uddin, and the managing directors of four banks signed the MoU.

The government employees will be eligible to apply for home loans from October 1, said Finance Secretary (acting) Abdur Rouf Talukder.


Also Read- Budget FY19: Housing loans proposed for civil servants


Government sources said it will take about two years to bring all government employees under this scheme. 

Finance Minister AMA Muhith said the 5% housing loan is a landmark step of the present government. 

All government employees were worried for their accommodation in the past. From now on they need not be worried, he said.

"We are still a little backward in the housing sector. Now we are giving emphasis to the housing sector to bring all the people under this accommodation scheme. But it will take some time," the minister added.


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