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

a) In case of rescheduling of any classified Fixed Term Loan, following time-limit may be added with the expiry date/repayment date of last installment to determine the repayment schedule which will be started from the date of rescheduling.

b) If the loan is rescheduled after the expiry date, the following time-limit will be applicable from the date of rescheduling:

Frequency	Classified as Sub-standard	Classified as Doubtful	Classified as Bad/Loss
First Rescheduling	Not exceeding 36 (thirty six) months from the expiry date of the loan as mentioned in the sanction letter.	Maximum 24 (twenty four) months from the expiry date of the loan as mentioned in the sanction letter.	Maximum 24(twenty four) months from the expiry date of the loan as mentioned in the sanction letter.
Second Rescheduling	Maximum 24 (twenty four) months from the expiry date of 1st rescheduling.	Maximum 18(eighteen) months from the expiry date of 1st rescheduling.	Maximum 18(eighteen) months from the expiry date of 1st rescheduling.
Third Rescheduling	Maximum 12(twelve) months from the expiry date of 2nd rescheduling.	Maximum 12(twelve) months from the expiry date of 2nd rescheduling.	Maximum 12(twelve) 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 /quarterly installments.

   iii.            If the amount of defaulted installments is equal to the amount of 6 monthly or 2 quarterly installments, the loan will be classified as Bad/Loss.