Monday, June 26, 2017

What are the rules for Rescheduling of different types of Loan in Bangladesh?



Answer:
Rules for rescheduling of Term Loan as under:
Application for first rescheduling will be considered only after cash payment of at least 15% of the overdue installments or 10% of the total outstanding amount of loan, whichever, is less;
 Rescheduling application for the second time will be considered after cash payment of minimum 30% of the overdue installments or 20% of the total outstanding amount of loan, whichever, is less;
Application for rescheduling for more than two times will be considered after cash payment of minimum 50% of the overdue installments or 30% of the total outstanding amount of loan, whichever is less.
Rescheduling of Demand and Continuous Loan

Amount of Overdue Loan
Rates of Down payment

Up to Tk.1.00 (one) crore
                              15%
 Tk. 1.00(one) crore to Tk. 5.00 (five) crore
                  10% (but not less than Tk.15.00 lac)
Tk. 5.00(five) crore and above
                    5% (but not less than Tk.50.00 lac)

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