Government employees' home loan interest lowered further
Skip to main content
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
The Business Standard

Thursday
February 02, 2023

Sign In
Subscribe
  • Home
  • Economy
    • Aviation
    • Bazaar
    • Budget
    • Industry
    • NBR
    • RMG
    • Corporates
  • Stocks
  • Analysis
  • World+Biz
  • Sports
  • Features
    • Book Review
    • Brands
    • Earth
    • Explorer
    • Fact Check
    • Family
    • Food
    • Game Reviews
    • Good Practices
    • Habitat
    • Humour
    • In Focus
    • Luxury
    • Mode
    • Panorama
    • Pursuit
    • Wealth
    • Wellbeing
    • Wheels
  • Epaper
  • More
    • Subscribe
    • Videos
    • Thoughts
    • Splash
    • Bangladesh
    • Supplement
    • Infograph
    • Archive
    • COVID-19
    • Games
    • Long Read
    • Interviews
    • Offbeat
    • Podcast
    • Quiz
    • Tech
    • Trial By Trivia
    • Magazine
  • বাংলা
THURSDAY, FEBRUARY 02, 2023
Government employees' home loan interest lowered further

Banking

TBS Report
30 December, 2019, 11:40 pm
Last modified: 01 January, 2020, 04:18 pm

Related News

  • Euro zone lending growth tumbles as higher rates bite
  • DBH to give home loans to govt employees
  • Jamaat, police clash in capital
  • National e-Government Procurement portal saves $600m per year
  • Banks allowed to take unrealised interest against relaxed loan repayments into profits

Government employees' home loan interest lowered further

Finance division amended the loan scheme today and set a maximum interest of 9 percent

TBS Report
30 December, 2019, 11:40 pm
Last modified: 01 January, 2020, 04:18 pm
Government employees' home loan interest lowered further

The government has cut the interest on government employees' home loans even further. 

Earlier in 2018, the government introduced a new low-interest home loan scheme for its employees. 

The finance division of the Ministry of Finance has amended the home loan scheme today and set a maximum interest of 9 percent, which was10 percent, previously.

The new scheme will be effective from Wednesday, the first day of the new year.

It will be simple interest as it was before. Simple interest means interests will be calculated on the amount of loan only, not on the interest accrued.

This new scheme will be applicable to new borrowers only. 

According to the scheme, government employees will get home loans of Tk20-75 lakh, depending on the grade of their job. The scheme is applicable for all civilian, military government personnel, judges, university teachers and staffs. 

Bangladesh House Building Finance Corporation, Janata Bank, Agrani Bank and Rupali Bank has been providing this low-interest home loan for the last year. 

Bangladesh / Economy / Top News

Home loan / interest / rate / government

Comments

While most comments will be posted if they are on-topic and not abusive, moderation decisions are subjective. Published comments are readers’ own views and The Business Standard does not endorse any of the readers’ comments.

Top Stories

  • Song of the farmers as boro begins
    Song of the farmers as boro begins
  • Country's external position improves as trade deficit narrows by 21% in H1 FY23
    Country's external position improves as trade deficit narrows by 21% in H1 FY23
  • Infograph: TBS
    Remittance inflow increases 15% in January

MOST VIEWED

  • Photo: PR
    Jamuna Bank inaugurates CRM at Gulshan head office
  • Photo: BSS
    BB increases transaction limit for contactless payment to Tk5,000
  • BB raises interest rate for loans from EDF 
    BB raises interest rate for loans from EDF 
  • Small venture refinance scheme worth Tk25,000cr converted into pre-finance fund
    Small venture refinance scheme worth Tk25,000cr converted into pre-finance fund
  • BB relieves Kazi Sayedur Rahman of overseeing reserve management dept
    BB relieves Kazi Sayedur Rahman of overseeing reserve management dept
  • Belal Ahmed new acting chairman of SIBL
    Belal Ahmed new acting chairman of SIBL

Related News

  • Euro zone lending growth tumbles as higher rates bite
  • DBH to give home loans to govt employees
  • Jamaat, police clash in capital
  • National e-Government Procurement portal saves $600m per year
  • Banks allowed to take unrealised interest against relaxed loan repayments into profits

Features

An elderly couple's lonely battle to save Dhaka's trees

An elderly couple's lonely battle to save Dhaka's trees

14h | Panorama
Infographic: TBS

How to redirect inward remittances to formal channels

16h | Panorama
Photo: Bloomberg

How the 'madoffs of Manhattan' can unravel Gautam Adani's empire

15h | Panorama
Photo: Collected

Tips to incorporate sustainable construction

1d | Habitat

More Videos from TBS

Is Hathurusingha the most successful coach of Bangladesh?

Is Hathurusingha the most successful coach of Bangladesh?

5h | TBS SPORTS
Semiconductor, pharma should get more attention

Semiconductor, pharma should get more attention

7h | TBS Round Table
Dhali Al Mamun’s art depicts colonial impact

Dhali Al Mamun’s art depicts colonial impact

6h | TBS Stories
Jewel's humanitarian store

Jewel's humanitarian store

4h | TBS Stories

Most Read

1
Bapex calls candidates for job test 9 years after advert!
Bangladesh

Bapex calls candidates for job test 9 years after advert!

2
Photo: Collected
Energy

8 Ctg power plants out of production

3
Photo: Saqlain Rizve
Bangladesh

Bangladeshi university students identified as problematic users of Facebook, internet: Study

4
Photo: Collected
Court

Japanese mother gets guardianship of daughters, free to leave country

5
Fund cut as Dhaka's fast-track transit projects on slow spending lane
Infrastructure

Fund cut as Dhaka's fast-track transit projects on slow spending lane

6
The International Monetary Fund (IMF) logo is seen outside the headquarters building in Washington, U.S., September 4, 2018. REUTERS/Yuri Gripas/File Photo
Economy

IMF approves $4.7 billion loan for Bangladesh, calls for ambitious reforms

EMAIL US
[email protected]
FOLLOW US
WHATSAPP
+880 1847416158
The Business Standard
  • About Us
  • Contact us
  • Sitemap
  • Privacy Policy
  • Comment Policy
Copyright © 2023
The Business Standard All rights reserved
Technical Partner: RSI Lab

Contact Us

The Business Standard

Main Office -4/A, Eskaton Garden, Dhaka- 1000

Phone: +8801847 416158 - 59

Send Opinion articles to - [email protected]

For advertisement- [email protected]