With the objective of creating affordable homeownership Delta Brac Housing Finance Corporation Limited commenced its operation in 1996 licensed by Bangladesh Bank under the Financial Institutions Act’ 1993 to conduct financing businesses i.e. mobilize deposits and extend loans facilities in Bangladesh. It may be mentioned that DBH is the first private sector initiative in the Housing Finance Industry of Bangladesh. Since its commencement DBH has come a long way in providing transparent, efficient housing finance facility to customers, which at the same time is affordable. To support the lending activities, DBH collects deposits from the public and corporate under its different deposit facilities.
DBH is promoted and sponsored by three local large institutions like BRAC, Delta Life Insurance Company Limited and Green Delta Insurance Company Limited along with two international institutions like International Finance Corporation (IFC- an affiliate of The World Bank) and Housing Development Finance Corporation (HDFC) of India. In 2008, DBH went for IPO, which was oversubscribed by record 50 times and subsequently, the Company has been listed with the country’s stock exchanges. As a listed company we are also regulated and monitored by the Securities and Exchange Commission (SEC).
DBH offers home loans for purchase/ construction/ extension/improvement of flats/houses/ housing plots. To support the lending activities, DBH collects deposits from the public and corporate under its different deposit facilities.
DBH raised significant amount of fund through public and corporate deposits, through its deposit product line consisting of Monthly Income Deposits, Annual Income Deposits and Cumulative Income Deposits. DBH has also launched two new products this year-Variable Rate Deposit (VRD) and the latest addition to the family ProfitFirst Deposit (PFD), Easy Way Deposit, Easy Home Deposit, Quarterly Income Deposit to cater to the needs of small and medium savers.
DBH is accredited the highest safety and security rating AAA (Triple A) rated financial Institution in the country.
The unique features of DBH Deposits are:
Flexibility:
DBH deposit scheme provides the customers with an ample opportunity to select from a range of deposit products catering to individual needs and comfort.
Minimum Deposit Facility:
Anyone can make a DBH Deposit with a minimum amount of Tk.10, 000. For Monthly Income Deposit the minimum Deposit and Quarterly Income Deposit is Tk. 50,000.
Same Day Effect:
Return starts counting from the day of placing Form & Cheque to DBH office. In case of large deposit, deposit will be effective from Cheque clearing date.
Renewal:
DBH deposit will be automatically renewed with accrued interest from the date of maturity for further one year at the then prevailing rate of return unless it is encashed during the month of deposit matured.
Fixed and Variable Rate Option:
Customer may choose fixed rate or variable rate option; where variable rate deposit (VRD) option keeps the return on your savings always above the market rate. The rate of return on VRD is linked to the benchmark rate. Benchmark rate is the rate of return applicable on DBH 1-year fixed rate deposit. Rate of return on VRD is reset at the beginning of each return period i.e. 1st July for MID, CD, QID, EWD and at the end of 12 months for AID.
Rate of Return:
Please check with our offices regarding the prevailing rate of return in any particular deposit product.
Post-dated Cheques:
For Monthly/Quarterly Income Deposit, return will be paid in the form of Post Dated Cheques (PDCs) up to 30thJune of the financial year. Remaining PDCs will be given at the beginning of the next financial year (i.e., July of that financial year).
Quick Loan Facility:
Loan amount: Depositors can also take loan against deposit up to 95%* of the principal deposit amount. Loan amount will depend on the deposit scheme, its tenure and subject to management approval.
Interest Rate: The Rate of Interest of the loan will be 2% higher than the Effective Rate of Deposit.
Free Loan Processing: Loan against deposits is absolutely free of any processing fees. Customers can avail the loan from any offices of DBH in any working day. Our sophisticated loan processing software will enable us to provide the loan Cheque within 10-15 minutes. The depositor has to bring the original deposit certificate and signed the loan processing documents (which are available at DBH offices). All the signatories have to sign in the loan form and in the counter side of the deposit certificate.
Loan Repayment: Customer can repay the loan anytime and any amount not less than Tk. 8000. Loan amount and interest will be adjusted with the deposit amount if repayment is not made before the maturity of deposit. In case of repayment, interest amount would be adjusted first and then the rest will be adjusted with the principal amount.
* Conditions apply
Nomination Facility:
Depositor/s can place fund in single or joint name. Moreover DBH deposit scheme gives the customers the facility to nominate a person who can draw the money from DBH in case of their unfortunate demise. Nominee/survivors can withdraw the deposit amount as per the rules of The Government of Bangladesh in absence of the depositor.
Client Service:
State-of-the-Art computerized system enables us to provide prompt customer service. Moreover, our Deposit Associates are always ready to provide door-to-door service to our valued customers.
DBH deposit is one of the best ways for the depositors to save or invest. DBH offers attractive rate of return & highest security of the deposit. DBH deposits have multiple options and terms to invest for the depositors. Presently, we are offering a range of attractive products.
Apply now!!
Please Download the Deposit Application Form.
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