Financial Relief Program for Commerial Loan Borrower
- Commercial Loan Borrower with economic impact
- Currently, NOT BAY’s NPL borrower
- Not a fraud case nor under legal process which could eventually impact ability to pay or lead to bankruptcy
- Not in the Blacklist or Business Fraud
Relief Measures
The relief measures are considered on a case by case basis but must be within the following framework:
- 1. Non-revolving facility
- Lower interest rate by maximum 2% for up to 6 months period
- Hold overdue amount to pay at the later stage of the contract period
- Grace period on principle up to 12 months
- Reduce installment amount up to 12 months
- Extension of tenor up to 12 months including facility secured by TCG (within TCG guarantee period)
- Waiver of penalty rate
- 2. Revolving facility
- Extension of maturity date for credit transaction up to 6 months (but must not exceed original transaction tenor)
- Conversion of short-term loan to 12-month long-term loan
- Waiver of pernalty rate
Validity of the Program
Until December 2021