What is the Time limit for rescheduling of Continuous Loan in Bangladesh?

Answer:

Frequency	Classified as Sub-standard	Classified as Doubtful	Classified as Bad/Loss
First Rescheduling	Maximum 18 (eighteen) months from the date of being classified as Substandard.	Maximum 12 (twelve) months from the date of being classified as Doubtful.	Maximum 12 (twelve) months from the date of being classified as Bad/Loss.
Second Rescheduling	Maximum 12(twelve) months from the expiry date of 1st rescheduling.	Maximum 9(nine) months from the expiry date of 1st rescheduling.	Maximum 9(nine) months from the expiry date of 1st rescheduling.
Third Rescheduling	Maximum 6(six) months from the expiry date of 2nd rescheduling.	Maximum 6(six) months from the expiry date of 2nd rescheduling.	Maximum 6(six) months from the expiry date of 2nd rescheduling.

Conditions:

(i)        During the rescheduled period all required principal and interest payments must be made.

(ii)       Rescheduled amount should be repaid in monthly installments.

(iii)  If the amount of defaulted installments is equal to the amount of 3(monthly) installments, the loan will be classified as Bad/Loss.