Grenada Bankers Association (GBA) wishes to advise 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 cashflow and budgetary needs going forward.
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