Regulatory Alerts2020-04-16
Added · Updated
Circular dated April 16, 2020 regarding the mechanism for paying interest calculated during the credit maturity period
The document mandates that banks capitalize the interest accrued during the six-month credit deferral period and add it to the remaining facility amount, to be repaid with installments over the new maturity period in line with customers' repayment capacity. It explicitly prohibits demanding the deferred interest amount with the first installment due after the deferral period ends. Banks are required to fully comply with this mechanism and inform customers of the cost and the method of repayment.