Regulatory Alerts2020-07-21 | FAQ No. 4 of 2020Amendments to Frequently Asked Questions No. 02 of 2020
The Central Bank of Sri Lanka has amended its loan moratorium guidelines to permit licensed financial institutions to charge additional interest on deferred installments, capping it at 7% per annum for Rupee-denominated EMI loans and 4% for public transport bus leasing facilities. For tourism-related vehicle lease borrowers, the regulator extends the existing six-month capital moratorium to twelve months while requiring interest servicing and waiving accrued penal interest. These measures allow deferred loan amounts to be recovered at the end of the extended tenure rather than immediately after the moratorium period concludes.
Share