New opportunity to build a house on monthly installment without interest! How does interest free installments work? The necessary money for building a house can be taken from any organization, cooperative association or Islamic bank.
New opportunity to build a house on monthly installment without interest!
Even if you take a loan, you don’t have to pay any interest here. Only the basic money is to be refunded in the form of monthly installment within the stipulated time. Time can be chosen for 5-15 years.
Like, if you take a loan of 24 lakh taka for 12 years, you have to repay around 16,667 taka per month. Not even a penny extra is to be paid outside.
Possible size of land & house
This facility usually can build a house between 20-40 lakh taka.
Single storey house for 20 lakh taka (1000-1100 sq.ft):
3 bedrooms
1 drawing/dining room
1 kitchen
2 bathrooms
Porch and yard
Modern double storey house (2000-2200 sq.ft) at 35-40 lakhs
5 bedrooms
2 drawing/dining rooms
1 modern kitchen
3 bathrooms
Porch and car parking space
The advantage of new opportunities
1. No interest — just basic refund.
2. Easy monthly installments — payable installments with income.
3. Rent free — you can repay the installment of your own house with equivalent to monthly rent.
4. Long term relief — less stressful due to 5-15 years installment.
5. Secure investment — property prices increase over time, combined land and home.
Smart Idea in Home Design
Open drawing and dining space will make the space look bigger.
If you keep big windows and glass door, light and wind will easily enter.
Small garden or sitting on the roof.
Costs can be reduced by using affordable furniture.
In short, monthly installments, but this new opportunity to build a home without interest is a blessing to middle class and low income people. Without the hassle of renting, it is possible to build a dream house on your own land on easy installments.
Even if you take a loan, you don’t have to pay any interest here. Only the basic money is to be refunded in the form of monthly installment within the stipulated time. Time can be chosen for 5-15 years.
