Sunday 21 August 2016

RESTRICTION ON EXTENDING THE TERM TO MATURITY OF A TERM LOAN: BRPD Circular No. 15 dated September 23, 2012



The term to maturity of a term loan may be extended subject to the following conditions and restrictions:

a) The loan must be performing ( Unclassified: Standard or SMA )

b) The decision should be made at the level where the loan was originally sanctioned

c) The maturity date may be extended by a period of time not exceeding 25% of the current remaining time to maturity

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