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REHAB appreciates decision to increase home loan limit

| Updated: November 22, 2019 16:50:45


REHAB appreciates decision to increase home loan limit

The Real Estate and Housing Association of Bangladesh (REHAB) has appreciated the decision of increasing the limit of home loans to Tk 20.0 million.

The association thanked Prime Minister Sheikh Hasina, the finance minister and the Bangladesh Bank governor for taking the decision.

Considering the growing demand of house loan, the time-befitting decision of increasing house loan limit is really appreciable, while both the buyers and sellers of flats will benefit from it, a REHAB press release said on Wednesday.

The REHAB thinks the government’s decision will help bring pace in the country’s housing sector. But, it voiced concern over not brining interest rate of house loan to single digit.

The Bangladesh Bank has increased maximum limit for home loans to Taka 20.0 million from Taka 12.0 million considering the increased apartment price and purchasing capacity of people.

The central bank yesterday directed the commercial banks issuing a circular to follow the order.

The circular said the central bank considered the rise in prices of building materials, size of higher middle-class people and demand for housing.

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