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Grenada Bankers Association: Bi-Monthly Payments

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Grenada Bankers Association: Bi-Monthly Payments

This story was posted 3 years ago
20 April 2023
in Business, PRESS RELEASE
1 min. read
Grenada Bankers Association
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Grenada Bankers Association (GBA) advises the Grenadian public that there will be very little impact to your loan repayment schedules should public officers choose to repay their loans bi-monthly.

The public should note that a discernible impact on loan repayment balances can only be achieved if the loan repayment amount is increased and paid consistently over the term of the loan.

Additionally, public officers who currently have credit facilities with their respective financial institutions should make a special attempt to contact their Banker to discuss a repayment arrangement that will be best suited to their cash flow and budgetary needs going forward.

GBA

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Tags: bi-monthly paymentsgrenada bankers association

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