🚨 CBSL Orders Debt Relief & Low-Interest Loans for Flood/Cyclone Affected!

• Relief Scope: Central Bank (CBSL) has directed all licensed banks to extend temporary debt relief and new credit support to individuals and businesses hit by recent cyclonic and flood disasters. • Request Deadline: Borrowers must request assistance by 15 January 2026. • Key Moratorium: Banks may suspend repayments for up to six months. • New Loan Rate: New facilities (up to two years) must have interest rates capped at 9%. • Fee Suspensions: All late fees, penal interest, and cheque return charges must be suspended until 31 January 2026. • CRIB Directive: Banks are directed not to reject new loan applications solely based on CRIB records. • Compliance: Relief measures are mandated under CBSL Circular No. 04 of 2025.