IDLC cuts home loan interest rate
Industrial Development Leasing Company (IDLC) of Bangladesh Limited has reduced interest rate on home loan products from 15.75 per cent to 14.25 per cent for priority clients and to 14.90 per cent for others.The rates became effective from November 29, says a press release. The IDLC, a joint venture multi-product financial institution, has also re-fixed the applicable rates on its various deposit products by one per cent to two per cent depending on tenor.
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