Bproperty, IFIC Bank ink deal to make buying home easier

Real estate marketplace bproperty.com has signed a memorandum of understanding with the International Finance Investment and Commerce Bank (IFIC Bank) to make buying home easier and more accessible.

Mark Nosworthy, CEO of bproperty.com, and Ferdousi Begum, head of retail banking at the IFIC Bank, signed the agreement on behalf of their respective sides at the IFIC Tower in Dhaka on Monday, said a press release. 

Under the agreement, the customers of Bproperty can avail 'IFIC Aamar Bari' home loan product of the IFIC Bank at an exclusive interest rate along with other attractive features.

Speaking on the occasion, Mark Nosworthy said, "The number of Bproperty clients, who want to buy property, is increasing day by day. Access to capital remains the biggest challenge for many home buyers. Thus, we try to arrange home loans for our clients at a preferential rate."

"We have signed this agreement considering the growing demand of our clients. We hope that this agreement will ease the transaction of properties and take the real estate sector of the country forward."

IFIC Bank's Deputy Managing Director and Head of Business Md Nurul Hasnat and Head of HRM KARM Mostofa Kamal, and Corporate Service Manager of bproperty.com Md Zaidul Islam, among others, were present. 

Bproperty.com, owned by the Emerging Markets Property Group (EMPG) headquartered in the UAE, launched in 2016 in Bangladesh and currently has over 25,000 properties marketed on its website.