DBH to provide home loans to govt employees

DBH Finance PLC (DBH), the largest housing finance institution of the country and only NBFI with exclusive focus in housing finance, recently signed an agreement with Ministry of Finance to facilitate home loans to government employees under Government Employee Home Loan Scheme.

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, said a press release.

As per present circular, maximum ceiling for this loan is Tk 75 lakh 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.

Biswajit Bhattacharya Khokon, Additional Secretary of Finance Division, and Nasimul Baten, Managing Director and CEO of DBH Finance, signed the agreement on behalf of their organisations. Other high officials of both organisations were present on the occasion.

DBH Finance PLC (previously known as Delta Brac Housing Finance Corporation Ltd) is the only local financial institution that obtained highest credit rating AAA for 17 consecutive years and also obtained gold award from ICSB for corporate governance excellence for last 4 years, said the release.

DBH provides loans for all types of housing need like flat purchase, own construction, group construction, house purchase, semi pucca construction, etc.