Good borrowers will get at least 10% rebate on interest accrued against their loan accounts.
Bangladesh Bank offered the incentives through a circular issued yesterday with taking immediate effect.
The central bank came up with a set of facilities to encourage good borrowers, said the circular.
The borrowers whose loan accounts remained unclassified continuously for three years and complied with all terms and conditions of approval will be entitled as good borrowers, according to the circular.
At the end of three years, the good borrowers will receive the 10% rebate every last year on their loan interest.
The benefit will continue if the clients are identified as good borrowers at the end of every year. The policy will remain valid until further instruction.
The circular also advised the banks to take measures to award the good borrowers through annual programme.
The central bank has offered the incentives considering the country’s current crisis, said Rup Ratan Pine, deputy general manager of Banking Regulation and Policy Department of Bangladesh Bank.
Earlier, Bangladesh Bank blessed the defaulters with easing rescheduling policy considering the political unrest while the good borrowers were not provided with any favour to get them off the hook.
In the perspectives, the central bank came up with the offer, he said.
In January, Bangladesh Bank Governor Atiur Rahman made an announcement of a separate policy for good borrowers. The policy was to encourage them in regular loan payment and reward them also.
The Board of Directors of Bangladesh Bank also approved a separate loan restructuring policy for the big defaulters on January 27.
The decision corresponds with the bad loan recovery aim in the wake of the ongoing political crisis. Only those who have defaulted loans worth over Tk500 crore will be able to enroll for the new package.
In December 2013, Bangladesh Bank also relaxed the loan rescheduling policy to favour the big borrowers who failed to make installment payment due to political turmoil.