The Bangladesh Bank has reset the interest rate on the pre-finance facility under the support safety retrofits and environmental upgrades programme.
鈥楾he interest rate for pre-financing facility to all new sub-loans under SREUP has been re-fixed to a maximum of 7 per cent per annum, while interest rate on already sanctioned prevailing sub-loan will remain at 5 per cent per annum,鈥� as per a BB circular issued on Tuesday.
As per the circular, interest rate to be paid by the PFIs to the Bangladesh Bank for new On-Lending Loan (OLL) under this Project is re-fixed at 4.5 per cent per annum, where margin for the PFIs is 2.5 per cent.
Investment grants will be sanctioned on a 鈥榝irst come, first served basis鈥�.
All other instructions of the aforesaid circulars will remain unchanged.
These instructions will come into force immediately and continue to be valid until further order.