Dhaka, Feb. 26 -- Home loans from Bangladesh House Building Finance Corporation (BHBFC) now get costlier as the government approves a proposal raising interest rates for its various credit schemes, officials say.

Amid rise in the cost of fund and overhead costs, the corporation in December last sought finance ministry's nod to raise interest and got the approval from the ministry earlier this week, they add.

Earlier, the BHBFC board of directors had approved this interest-hike proposal.

The corporation presently charges 9.0-percent interest on all types of its loans for metropolitan areas in Dhaka and Chattogram and for flat loans across the country. With the latest government approval the corporation can charge 10-percent interest in ...