Regulatory Alerts2022-06-20
Added
FID Circular Letter No. 02: Refinance Scheme for Digital Nano Loan
Scheduled banks approved to operate the 'Digital Nano Loan' program must execute a tripartite agreement with Bangladesh Bank and submit monthly applications for refinance by the 20th of each month. Refinance repayment is generally quarterly, but if the loan tenure is less than three months, repayment is monthly, and if the tenure is between three and six months, the first installment is quarterly followed by monthly installments. The application must include a copy of the tripartite agreement, borrower details, and a DP Note signed by the Managing Director or Chief Executive.
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