As per BRPD circular no. 15, September 23, 2012, Down payment requirement for rescheduling is as under:
DOWN
PAYMENT OF TERM LOANS:
a) Application
for first time rescheduling will be taken into consideration upon receiving
cash payment of at least 15% of the overdue installments or 10% of the total
outstanding amount of loan, whichever is less;
b) Application
for second time rescheduling will be considered upon receiving cash payment of
minimum 30% of the overdue installments or 20% of the total outstanding amount
of loan, whichever is less.
c) Application
for rescheduling third time will be considered upon receiving cash payment of
minimum 50% of the overdue installments or 30% of the total outstanding amount
of loan, whichever is less.
d) The
rate of down payments for Short-term Agricultural and Micro-Credit will be same
as above.
Explanation:
If
any loan is rescheduled for one time before issuance of this circular, the
conditions set forth in this circular for second time rescheduling of such
loans shall be applicable. Likewise, the terms for third time rescheduling as
per this circular for rescheduling of any loan, which has already been
rescheduled twice or more shall be applicable.
DOWN PAYMENT OF DEMAND AND CONTINUOUS LOAN:
a)
If a Demand or Continuous Loan is converted
into a Term loan, first rescheduling may take place against down payment on the
basis of loan amount in the following manner.
|
Amount
of Overdue Loan
|
Rate
of Down payment
|
|
Up
to Tk.1.00 (one) crore
|
15%
|
|
Above
Tk.1.00(one) crore and up to Tk.5.00(five) crore
|
10%
(but not less than Tk.15.00 lac)
|
|
Above
Tk. 5.00(five) crore
|
5%
(but not less than Tk.50.00 lac)
|
Application
for rescheduling will be taken into consideration only after the amount for the
down payment is paid in cash as narrated in 01(c).
b) If
any Continuous or Demand Loan is rescheduled for the second time (first time
after being converted partly or wholly into Term Loan) and the repayment
installments are fixed, the application for rescheduling of such loans shall be
considered upon receiving cash payment of minimum 30% of the overdue
installments or 20% of the total outstanding amount of loan, whichever is less.
Similarly, for third rescheduling (second time after being converted partly or
wholly into Term Loan) minimum 50% of the overdue installments or 30% of the
total outstanding amount of loan, whichever is less, shall have to be repaid in
cash.
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