Loan rescheduling: High Court issues status-quo on central bank circular | 2019-05-21 | daily-sun.com

Loan rescheduling: High Court issues status-quo on central bank circular

Sun Online Desk

21st May, 2019 03:57:59 printer

Loan rescheduling: High Court issues status-quo on central bank circular

The High Court has issued a status-quo on Bangladesh Bank (BB) circular that allows loan defaulters to reschedule classified loans with 2 percent down payment.

A bench of the court passed the order on Tuesday in response to a petition filed by lawyer Manzill Murshid.

In its observation, the court said, “In contrary, the central bank is making the genuine businessmen pay 14 to 15 per cent interest, which is a discrimination,”

A maximum 9 percent interest will be charged on the rescheduled loans and the tenure for the repayment is 10 years with a grace period of one year, according to the BB circular.

Under the existing policy, the defaulters can reschedule their classified loans by making a down payment of 10-50 percent.


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