“HPSM-Probashee Nibash” is under the Bai, Ijarah and Shirkah Mechanisms of Islamic Finance to facilitate NRBs to have their own house and at the same time, to accelerate inflow of foreign remittance in the country.
Purpose of HPSM Probashi Nibash
To finance BRBs for construction/ extension/ renovation/ purchase of residential House /Flat/ Apartment. Tin Shaded house to Multi-storied Buildings are financed under this product.
Eligibility
The applicant must be Non-residential Bangladeshi working outside the country.
Age Limit
The applicant will be within the age limit of 21 years to 65 years.
Investment Limit
Maximum 70% of the value of the flat /home or Tk.2.00 crore whichever is lower.
Tenure
2 Years to 15 Years (including gestation period).
Security
Registered Mortgage of concerned land/plot/flat/apartment in the name of the Bank.