Bangladesh Bank (BB) has fixed fees against credit or lease for all financial institutions (FIs).
As per a circular issued by the central bank on Monday, the fees for all FIs against loans will be the same amount.
"Loan application fees will be maximum Tk 200 and the document processing fees, CIB charge, stamp charge and legal and valuation fees will depend on the actual cost," says the circular.
According to a BSS report, the circular also said fees or penalty interest or profit for delaying loan instalment will be maximum two per cent with interest rate.
In case of repayment of loan or lease before the expiry, the maximum amount of the payment fees or similar fees will be two per cent of the outstanding loan or lease.
In the case of adjustment before the schedule time of loans given in the cottage and micro sector, any fee will not be taken.
No charge will be taken from the customer in case of giving balance confirmation certificate for half yearly basis credit or lease calculation.
In case of giving more than twice the balance confirmation certificate as per demand of the customer, the maximum charge will be Tk 200 per time.
BB asked the financial institutions to follow the circular.