Homebuyers to get MTB loans under deal with Credence Housing

Mutual Trust Bank PLC (MTB) has signed a memorandum of understanding (MoU) with Credence Housing Limited, a real estate developer in Dhaka.

Syed Mahbubur Rahman, managing director and CEO of Mutual Trust Bank PLC, and Zillul Karim, managing director of Credence Housing Limited, signed the MoU at the bank's corporate head office in the capital recently, according to a press release.

Under the MoU, clients of Credence Housing will be able to access home loans from Mutual Trust Bank at competitive interest rates with faster loan processing, making home ownership more convenient and accessible.

This collaboration underscores the bank's commitment to offering innovative, customer-centric financial solutions while supporting the country's growing housing sector, the release added.

Md Shafquat Hossain, deputy managing director and head of retail banking at the bank, and SA Asgar Mohiuddin, director (finance) of the real estate developer, along with other senior officials of both organisations, were also present.