Qatar Development Bank (QDB) has announced the extension of the deadline for the transfer of outstanding credit facilities to National Response Guarantee Program (NRGP) portfolio until Sept. 30, 2024, aimed at ensuring that customers have the opportunity to apply for the program, which was designed to refinance outstanding credit facilities granted to customers by partner banks through the NRGP.
The QBD said that it has received 1,350 transfer requests since the program’s launch in October 2023. The programme allows existing NRGP beneficiaries to apply to transfer their outstanding credit facilities from partner banks to the QDB portfolio according to newly outlined, streamlined conditions. All transferred facilities will be granted a new repayment period of up to 5 years, including a one-year grace period. (QNA) page 8