BB allows banks to collect 1% supervision charge on CMSME personal, auto loans
BI Report || BusinessInsider
Published: 01:38, 19 March 2024
Photo: Collected
Bangladesh Bank (BB) has allowed banks to collect a one-percent supervision charge on the personal and auto loans offered to the Cottage, Micro, Small, and Medium Enterprise (CMSME) and consumer financing sectors.
This charge can be imposed on the loan principal once a year for each customer, said a BB circular issued on Monday.
As per the circular, the supervision charge can be collected only once a year, and no compound interest or additional charges can be imposed on this charge.
