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FINANCIAL CHRONICLE™ » FINANCIAL CHRONICLE™ » Interest Refunds

Interest Refunds

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1Interest Refunds Empty Interest Refunds Thu May 21, 2020 7:03 am

EGG


Senior Equity Analytic
Senior Equity Analytic
Hi All,
Can someone kindly let me know how the interest refund will work under the moratorium provided by the government. Do understand that interest will not be levied during the stipulated period. Kindly let me know how it works pls. I made an inquiry from my broker but not received a response todate.
Thanks again!!

2Interest Refunds Empty Re: Interest Refunds Thu May 21, 2020 7:51 am

kasun_gimhana

kasun_gimhana
Manager - Equity Analytics
Manager - Equity Analytics
I don't think anyone can give a loan without interest.  Somebody needs to bear the cost. if the government is bearing cost means, it is inflation, Inflation means, people who are not getting loans also need to bear the interest cost who took the loan. is that fair doing so?

in other countries, this is government bailout  Taxpayers money but in Srilanka does not have taxpayers money only money printing now, totally inflation.

3Interest Refunds Empty Re: Interest Refunds Thu May 21, 2020 10:17 am

Teller

Teller
Moderator
Moderator
@EGG,
Loan moratorium is not a refund of interest . Its a temporary suspension of interest but you have to pay it later. You can postpone your repayment for some months. If you want more details, i have done a video too under Tellers Academy.


_________________




Teller said is said..

4Interest Refunds Empty Re: Interest Refunds Fri May 22, 2020 8:44 am

EGG


Senior Equity Analytic
Senior Equity Analytic
Dear Teller, Kasun

Thanks for your kind input. I am clear on this now.
Regards
EGG

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