Regulatory Alerts2022-09-26
Added
SMESPD Circular Letter No. 06: Re-fixing Interest Rate on Pre-finance Facility under SREUP
The maximum interest rate for pre-financing under SREUP is reduced from 7% to 5% per annum for all new and existing sub-loans. Bangladesh Bank fixes the interest rate payable by Participating Financial Institutions for On-Lending Loans at 2.5% per annum. Investment grants are to be sanctioned on a first come, first served basis. These instructions become effective from September 19, 2022.
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