Regulatory Alerts2026-02-08
Added
BRPD-1 Circular No. 04: Rescheduling of Housing Finance
This circular amends the maximum repayment period for rescheduled housing loans to extend up to the loan's remaining term plus 30% for the first rescheduling, plus 20% for the second, and the remaining term for the third and fourth reschedulings, including a grace period of up to six months. It mandates that the borrower's age at the time of the final installment must not exceed 65 years and requires banks to verify previous rescheduling history if acquiring loans from other institutions. All other provisions of BRPD Circular No. 16/2022 regarding down payments and documentation remain fully applicable.
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