December 14 (SeeNews) - The Bulgarian National Bank said that it has approved the request of the local bank association to extend the deadlines of the current loan payment moratorium.
The deadline for applying is extended to March 23, 2021, while lenders will have until March 31, 2021 to approve those applications, the central bank said in a statement on Friday.
Payments on the loans can be deferred until the end of 2021.
Only borrowers who are no more than 90 days past due at the application date can benefit from the moratorium.