NBFI borrowers can defer repayments till June
Borrowers of non-bank finance institutions (NBFIs) will receive a fresh repayment deferral support of three months till June 30 this season.
Bangladesh Bank (BB) yesterday said such borrowers who were facing trouble in paying instalments during the Covid-19 pandemic will be eligible.
The NBFIs' clients also enjoyed financing moratorium facility throughout this past year.
The central bank extended the loan moratorium facility as a result of second wave of the coronavirus pandemic, said a BB official who was engaged on the problem.
A great number of clients have been around in dire straits due to the recent spread of the virus, which includes forced the federal government to impose strict restrictions on movement to keep the pandemic at bay.
The NBFIs will never be allowed to impose any penal interest, extra fee, commission or charge.
The central bank asked the NBFIs to bring the directive into immediate effect, according to a BB notice.
Around per month back, the BB enabled a brand new repayment deferral support for the borrowers of banks for 90 days, albeit at the mercy of the bank-customer relations.
In a circular on March 24, it said banks would have to take this support under consideration for clients who were not able to pay their instalments promptly.
Borrowers were to get started on paying the instalments from the second quarter.
In March last year, the central bank declared a loan moratorium facility for the banking sector, which stayed in place throughout last year.
The same policy was later issued for the NBFIs.
