PART THREE – APPLICANTS WISHING TO CONTINUE REPAYMENT
(Please fill this section only if you are not going to defer ALL of your credit cards outstanding)
You will be eligible for the reduction in interest rate for July 2020 – June 2021, only if you fully and regularly pay minimum amount due (MAD) within this period and on due date of the bill. The interest rate reduction will be calculated on the outstanding balance during the deferment period and adjusted into your credit card account at the end of the deferment period.
For those credit card outstanding that are fully repaid (liquidated outstanding) during the deferment period, the interest differential will be refunded within three months after card is cancelled or end of deferment period, only if their repayment consist of are partial repayments.
Please note that if your credit card(s) outstanding is/are covered under the Druk Gyalpo’s Relief Kidu Interest Payment Support, you need to pay only the principal portion of your outstanding for July-September 2020; and the outstanding balance and 50% of the interest portion for October 2020 – March 2021.