PART THREE – APPLICANTS WISHING TO CONTINUE REPAYMENT
You will be eligible for the reduction in interest rate for July 2020 – June 2021, only if you fully and regularly pay your EMIs within this period. The interest rate reduction will be calculated on the principal outstanding during the deferment period and adjusted at the end of the deferment period as follows:
- adjusted directly to your principal outstanding if your loan is performing, or
- adjusted first against the past overdues in case of Non-performing loans.
- For those loans that are fully repaid (liquidated loans) during the deferment period, the interest differential will be refunded within three months after liquidation of loans.
Please note that if your loan(s) is/are covered under the Druk Gyalpo’s Relief Kidu Interest Payment Support, you need to pay only the principal portion of your EMI for July-September 2020; and the principal and 50% of the interest portion of your EMI for October 2020 – March 2021.