NRBC Bank provide home loan facilities to expatriates

NRBC Bank will disburse loan facilities to expatriates for the construction of houses/apartments in Bangladesh.

For this purpose, a special 'Home Loan' product has been launched, according to a media release. 

Under this product, expatriates can take loan facilities and pay loan installments from abroad. These loan installments can be paid in foreign currency.

NRBC Bank has signed an agreement with the American company Framework Finance LLC to bring this service to the doorsteps of expatriates, the release says. 

The signing ceremony took place at NRBC Bank head office. 

Under this agreement, Framework Finance LLC will act as a channel partner for Non-Resident Bangladeshi (NRBs) who are interested in investing in the real estate industry in Bangladesh as well as arranging loan facilities for the NRBs. 

Mr. Md. Rabiul Islam, Managing Director & CEO (Current Charge), NRBC Bank PLC, and Mr. Azadul Haq, Managing Director, Framework Finance signed the MoUs from respective parties. Among the others Mr. Harunur Rashid, DMD & COO, Mr. Kazi Md. Safayet Kabir, SEVP &  Head of Retail Banking Division, Mr. Ariful Haque, Manager, FFL were also present at the event.