Advisory Center for Affordable Settlements & Housing

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Bangladesh: House Building Finance Corporation Loan Recovery Rules

This document gives the government notification of Bangladesh House Building Finance Corporation Loan regulations, 1996. The main point is describing in this document that, Where no other properties is offered as security except the apartment to be purchased or the land the house to be constructed thereon is offered as security, no loan may be granted by the Corporation unless and until it is satisfied that the specified or reasonable percentage of the estimated cost/value of the apartment or of the house has been invested by the borrower by way of expenditure incurred in acquiring the land and constructing the infrastructure of the building thereon or advances made as earnest money for the purchase of the apartment.

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