UNB, Dhaka :
Bangladesh Bank (BB) on Thursday announced incentives for “good borrowers” against the backdrop of widespread criticism on its relaxation policy to allow the defaulters 12 years time to repay the loans.
The good borrowers will get 10 percent rebate on their payment of interest at the end of the three years after their regular repayment of loans, said a circular issued by the Banking Regulation and Policy Department (BRBD) of BB
In January this year, the central bank relaxed the repayment schedule by extending up to 12 years for big term loans which became classified or default that drew huge criticism.
Now, the central bank announced the incentives for good borrowers.
In the circular, the central bank gave a definition for good borrowers and determined their incentives.
As per circular, those borrowers will be defined as ‘good borrowers’ who have a track record of three years regular repayment against continuous loans, demand loans and term loans.
Such borrowers will be termed as good borrowers if their loans remain unclassified for three consecutive years and the banks are satisfied with their repayments.
Bangladesh Bank (BB) on Thursday announced incentives for “good borrowers” against the backdrop of widespread criticism on its relaxation policy to allow the defaulters 12 years time to repay the loans.
The good borrowers will get 10 percent rebate on their payment of interest at the end of the three years after their regular repayment of loans, said a circular issued by the Banking Regulation and Policy Department (BRBD) of BB
In January this year, the central bank relaxed the repayment schedule by extending up to 12 years for big term loans which became classified or default that drew huge criticism.
Now, the central bank announced the incentives for good borrowers.
In the circular, the central bank gave a definition for good borrowers and determined their incentives.
As per circular, those borrowers will be defined as ‘good borrowers’ who have a track record of three years regular repayment against continuous loans, demand loans and term loans.
Such borrowers will be termed as good borrowers if their loans remain unclassified for three consecutive years and the banks are satisfied with their repayments.
