Borrowers can repay their bank loans until Aug. 31 as the central bank extended the deadline considering the Covid situation. The relaxation was announced Monday by a Bangladesh Bank circular. Alsoread: Banks to remain closed on Sunday during lockdown It said the measure of shifting the June 30 deadline was taken considering the negative impact of coronavirus on the country's economy. Those unable to repay their loan instalments by June 30,can do it until Aug. 31 on the basis of bank-client relation. In this case, their loans would not be classified if 50 of their loans’ payable instalment are paid,” it said, adding that other policies will remain applicable in case of calculating the loans, lease, interest on advances and profits while no penalty interest or extra fee will be charged. Also read: No easy bank loans, say jobless expatriates, but bank refutes allegations

Bank borrowers can repay their loans until June 30 instead of the earlier deadline of March 31 without being defaulters. A Bangladesh Bank circular, issued on Tuesday, gave this relaxation to the bank borrowers. Also read: BB further relaxes loan repayments to financial institutions It said the measure was taken considering the negative impact of coronavirus on Bangladesh's economy. In the existing situation, those who will face trouble in repaying their loan installments by March 2021, can make their repayments until June 30 on the basis of bank-client relation. Also read: BB relaxes loan repayment method for coronavirus “In this case, their loans would not be classified,” it said, adding that other policies will remain applicable in case of calculating the loans, lease, interest on advances and profits while no penalty interest or extra fee will be charged.