From now on, a defaulter will have to pay off the loan with 9 percent interest instead of 7 percent, according to the finance minister. A few days ago, the minister rolled out the facility for the bank loan defaulters so that they can clear debts. Now the interest rate has been revised to 9 percent. “We are giving relief to those who are trying to be good loan takers,” said the finance minister. He believed that both the lenders and takers will benefit if interest rate was set at 9 percent on the debt repayment.

Source: bd News24 April 02, 2019 18:11 UTC