Question: What are the rules for Rescheduling of Loan?
Answer:
Application
for first rescheduling will be considered only after cash payment of at least 15%
of the overdue installments or 10% of the total outstanding amount of loan,
whichever, is less;
Rescheduling
application for the second time will be considered after cash payment of
minimum 30% of the overdue installments or 20% of the total outstanding amount
of loan, whichever, is less;
Application
for rescheduling for more than two times will be considered after cash payment
of minimum 50% of the overdue installments or 30% of the total outstanding
amount of loan, whichever is less.
Rescheduling
of Demand and Continuous Loan
|
|
Amount of Overdue Loan
|
Rates of Down payment
|
|
Up to Tk.1.00 (one) crore
|
15%
|
Tk. 1.00(one) crore to Tk.
5.00 (five) crore
|
10% (but not less than
Tk.15.00 lac)
|
Tk. 5.00(five) crore and
above
|
5% (but not less than
Tk.50.00 lac)
|
Question: What are the
rules for Loan to Director of own Bank?
Answer:
The
total amount of the loan facilities extendable to a Director or to his
relatives should not exceed 50% of the paid-up value of the shares of that bank
held in Director's own name.
Subject
to compliance of the conditions mentioned in paragraph No.1 above, loan
facilities in excess of Tk.50 lacs (including all direct or indirect loan
facilities such as bank loan, all types of contingent liabilities like Letter
of Credit and performance bond, bid bond or guarantee etc.) in favor of any
Director or his relatives or proprietorship or partnership firms and private or
public limited companies wherein those persons have interests, can be extended
obtaining no-objection from Bangladesh Bank. Besides, subject to the limit as
outlined above, if the amount of direct loans like
Cash Credit, Overdraft, LIM, Pre-shipment Credit, LTR etc. is more than Tk.10
lacs, no-objection from Bangladesh Bank is to be obtained.
Question: What are the difference between Hire
Purchase and Lease Finance?
Answer:
Hire Purchase is a type of installment
credit under which the customer agrees to take the goods on hire at a stated
rental, which is inclusive of the repayment of Principal as well as interest
for adjustment of the loan within a specified period.
Lease
Financing
is one of the most convenient sources of acquiring capital machinery and
equipment whereby a customer is given the opportunity to have an exclusive
right to use an asset usually for an agreed period of time against payment of
rental. It is a term financing repayable by lease rental.
Question: What are the
maximum allowed periods for allowing DP L/C for different type of import?
Answer:
l Capital machinery imports on
up to 360 days usuance basis
l Industrial raw materials
imports for own use of industrial importers
on up to 180 days usance basis
l Import of coastal vessels
including oil tankers, and oceangoing vessels including those procured for
scrapping on up to 360 days usance basis
l Import of agricultural
implements and chemicals fertilizers on up to 180 days basis
l Import of life saving drugs
on up to 90 days usuance basis.
For
such deferred payment imports, the prices must be internationally competitive
and usuance interest if any should not be at rate higher than the LIBOR for the
relative period or the equivalent rate prevailing in the currency of the
country of the supplier.
