Monday, 28 November, 2022

Padma Bank launches home loan

  • Staff Correspondent
  • 12 October, 2022 12:00 AM
  • Print news

Padma Bank Limited has launched a new home loan product. The bank has introduced four types of home loan products.

The loan products are arranged according to the income of every customers, said a press release.

The four products are NRB home loan, rural home loan, semi-pucca house and regular loan for purchase of apartment or construction of house.

Apart from this, loans are also available for renovation of apartments or houses. Probashi Home Loan or NRB Home Loan Product is in Honor of Remittance Warriors. Bangladeshi expatriates working abroad will come under this loan.

Padma Bank Limited will give a loan up to Taka 2 crore.

The bank will extend loan up to Tk 80 lakh for rural home loan.

Padma Bank Limited has also introduced Semi-Pucca property financing solution.

Up to Tk 50 lakh will be available in this case. Loans will also be available for house renovation.

Anyone aged between 21 to 65 years can apply for this loan. Applicant must have at least two to three years of work experience.

Customer will get up to 25 years to repay.