Jumbangla Desk: The bank will give loans up to Tk 30 lakh to the low and middle class without collateral for buying a flat in an environment-friendly multi-storied building. The interest rate of this loan is five to maximum six percent.

Bangladeshi Taka

In the circular issued by the Sustainable Finance Department of Bangladesh Bank on July 24, the issue of flat purchase loans under the existing Tk 400 crore refinancing program in the environment-friendly sector has been newly included.

According to the circular, you will get a loan for a period of 10 years with a grace period of 18 months for the purchase of a flat in an environment-friendly multi-storied building. That is, payment of installments will start after one and a half years. Loans will also be provided for construction of multi-storied eco-friendly housing consisting of individuals as well as small units. In this case, the housing company can take a loan of up to 30 crore rupees. The interest rate, loan tenure and grace period will be identical for the company as well.

The circular also said that banks and financial institutions contracted in the environment-friendly sector used to get funds from Bangladesh Bank at four percent interest until now. Now you will get three percent interest. Banks will give loans at a maximum interest rate of five to six percent at customer level.

In this case, the maximum interest rate will be five percent for loans with a tenure of less than five years, five and a half percent for a tenure of less than five to eight years and six percent for a tenure of more than eight years.

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Besides, under the refinancing program, the banks will also provide loans for forestry (social, integrated or agricultural), rooftop farming or vertical farming or gardening, biofloc fish farming, organic farming, cage fish farming, earthworm compost fertilizer production.