Tuesday, June 27, 2017

What are the rules for depositing Down payment for rescheduling of loan in Bangladesh?



Answer:                                                
(i)    The borrower has to pay down payment at a time.
(ii) If the borrower gives cheque, pay order or any other instrument against down payment, the bank must ensure encashment of such instrument before processing of rescheduling case.
Note:
Any previous payment from time to time shall not be treated as down payment.

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