DBH Property Spotlight Programme Launched

Delta Brac Housing Finance Corporation Ltd. known as DBH has launched a program titled ‘DBH Property Spotlight’ today (June 21, 2009) to highlight large housing projects aimed at increasing home ownership levels of the middle and lower middle income population of the country. DBH will provide home loans on easy terms for the purchasers of flats in these housing projects.

DBH, the specialist in housing finance has already signed an agreement with Rupayan Housing Estate Ltd for providing home loans with interest rate starting from 9 percent for the purchasers of flats in Rupayan Town project at Bhuighar, 8 km away from Dhaka. DBH is expected to sign agreement with a number of developer companies who are building satellite town in the suburbs of Dhaka city. Home loan with 9 percent interest will be provided to clients subject to fulfillment of the criteria set by Bangladesh Bank under its refinance scheme.

During DBH Property Spotlight programme, a special team will be engaged to provide home loan service to the prospective clients of that project. The flat purchasers will also enjoy special discount on loan processing fees with quick loan approval facility.

Head of Home Loans of DBH Nasimul Baten said that some developers are coming up with satellite town projects in the outskirts Dhaka to meet the housing demand of the middle class people. Taking into cognizance the huge demand to purchase flats in the satellite town, DBH has come up with loan facilities on easy terms for the purchasers of flat. DBH Spotlight program will benefit particularly the middle class people who are interested to buy flats with the support of home loans, he added.