Large defaulters to get up to 15 years to repay loans

6 MIN(s) UPDATED 6 MIN(s) Star Business Report Photo: AI-generated The defaulters of large loans of Tk 1,000 crore or more will now be able to repay their loans over 15 years, including a two-year grace period, under a special loan rescheduling facility.Earlier, the repayment tenure was 10 years.The Bangladesh Bank today issued a circular in this regard, saying that the facility can be extended based on the banker-customer relationship.Officials of the central bank said that Bangladesh's exports, like those of other countries, are facing temporary headwinds due to the ongoing conflict in the Middle East.Fuel shortages have disrupted production at export-oriented industries, weakening borrowers' repayment capacity.At the same time, market-based interest rates have significantly increased bo