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Padma Bank Limited has launched four types of home loan products.
The loan products are arranged according to the income of every customer. So that money can’t be a barrier from building your dream house or buying an apartment, Padma Bank said in a press release on Wednesday.
The four products are NRB home loan, rural home loan, semi-pucca house and regular loan for purchase of apartment or construction of house. Apart from this, loans are also available for renovation of apartments or houses.
Probashi Home Loan or NRB Home Loan Product is for remittance warriors. Bangladeshi expatriates working abroad will come under this loan. Padma Bank Limited will give a loan up to Tk 2 crore.
The bank will extend loan up to Tk 80 lakh for rural home loan. This loan can be availed in rural areas in the country. Padma Bank Ltd. has also introduced Semi- Pucca property financing solution. Up to Tk 50 lakh will be available in this case. Loans will also be available for house renovation. In this case, the bank will provide the loan up to 70 percent of the property price, in the fastest possible time.
Anyone aged between 21 to 65 years can apply for this loan. Applicant must have at least two to three years of work experience. The income has to be minimum Tk 25-50 thousand depending on the nature of profession. Customer will get up to 25 years to repay.
Head of Retail and SME Banking Rokibul Hasan Chowdhury said, “The various services of Padma Bank are being modernised in line with the needs of the customers. We have already introduced auto loan and student banking services.”
Deputy Managing Director and COO Zabed Amin said, “Padma Bank is providing better customer services all over Bangladesh. In addition to this, the home loan for expatriate is extremely attractive. I hope that this loan will be a great support for those who cannot reconcile between the means and the ability to buy their own flat. Besides, we are also providing other home loan services at on attractive rates.”
With the economic growth of Bangladesh, many people are now buying houses or flats for the first time. Padma Bank Limited is launching various attractive services to meet this growing demand. This will add extra mileage to the credit sector in the future.
