The interest for this loan was 4% and the recipients were given 24 months to payback. The government previously offered six months grace period and now the Central Bank of Sri Lanka has agreed to provide three more months as a grace period. The businesses affected by the impact of the second wave of COVID-19 can submit a written request to Central Bank via the bank they obtained the loan to get this facility.
Showing posts with label grace period for loans. Show all posts
Showing posts with label grace period for loans. Show all posts
Saturday, November 07, 2020
Additional three months grace period for the low-interest COVID-19 business revival loans
The entrepreneurs who obtained the low-interest government loan to revive businesses affected by COVID-19 can now apply to Central Bank of Sri Lanka for an extension up to nine months to pay back the loan.
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