(MENAFN - Bangladesh Monitor) Dhaka: bproperty.com, the country's largest real estate marketplace has signed a Memorandum of Understanding (MoU) with Meridian Finance and Investment Limited to participate in constructive development in real estate sector jointly.
The signing ceremony was held at the corporate head office of Meridian Finance and Investment Limited in Dhaka. It was led by Mark Nosworthy, CEO of bproperty.com and Irteza A Khan, Managing Director and CEO of Meridian Finance and Investment Limited.
From bproperty, Khondoker Rejbeen Ahsan, Head of Operations; Md. Zaidul Islam, Manager, Corporate Sales were present. Other high officials from bproperty and Meridian Finance and Investment Limited also graced the ceremony with their presence.
This collaboration between bproperty.com and Meridian Finance aims to bring financial solutions and assistance to its respective clients, and the whole of Bangladesh, in relation to property buying and assistance in both banking and real estate.
Meridian Finance commits to hold the preferential interest rate as low as 10pc depending on the client's profile considering risk factors only through bproperty.com.
Meridian Finance is a multi-product financial institution licensed by Bangladesh Bank. This finance company is maintaining a very strong and diverse portfolio in Corporate, Consumer, Small and Medium Enterprises (SME) Finance, and Corporate Advisory Services with a solid year on year growth.
Speaking at the occasion, Mark Nosworthy, CEO, bproperty.com said, 'With a spectacular number of customer visits every day, we are providing innovative solutions to make property purchase easiest. This agreement with Meridian Finance is going to help us provide more home loans across the country.'
Irteza A Khan, Managing Director and CEO, Meridian Finance and Investment Limited said, 'This strategic alliance between Meridian Finance and bproperty.com shows our commitment towards facilitating people in purchasing their dream homes at affordable rates, at their convenience. Therefore, we are offering loan-to-value (LTV) up to 85 percent compared with the other banks where it's at 70 percent. We hope this partnership offers a win-win solution for everyone in the real estate and customers.'