Tuesday, October 21, 2008

Lower home loan interest rates, make process easier

Speakers at a roundtable discussion yesterday called for bringing down the home loan interest rates so that common people could avail the opportunities of building their own homes without difficulties.

They also called to make home loan getting procedures easier.

The meeting was addressed, among others, by Abu Alam Chowdhury, Vice-President of Federation of Bangladesh Chamber of Commerce and Industry (FBCCI), Shahidullah Osmani, Managing Director of SD Properties and Ershad Mazumdar, Chief Editor of Monthly Gharbari.

Mentioning shelter as basic rights of people, Abu Alam Chowdhury said, "Political parties, whichever wins in the forthcoming election should ensure habitation rights of the people."

He urged the banks and financial institutions of the country to provide common people with house building loans at lower rate of interest.

The FBCCI VP also urged the home loan recipients to pay off their respective loans.

Emphasizing on providing low rate of interest and introducing easy loan process, Abu Alam Chowdhury also raised the crucial issue of land grabbing in the city.

He called for launching a united movement against the land grabbers.

Ershad Majumdar called for introducing five per cent registration cost and five per cent interest rate for a house of 500 to 700 square feet in the capital. The registration charge for a house of 700 to 1500 square feet should be fixed at eight per cent where normal interest rate and registration charge should be introduced for the house of over 1500 feet.

He also asked to make house-building loan sanctioning procedures easier.

Ershad Majumdar informed that they would submit their demands before Bangladesh Bank soon.

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