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Official Development Assistance Loans
Terms and Conditions of Japanese ODA Loans
Terms and Conditions of Japanese ODA Loans (Effective from April 1, 2003)
| Category | GNI Per Capita (2001) | Standard / Option | Interest Rate (%) | Repayment Period (Year) | Grace Period (Year) | Conditions for Procurement | |
|---|---|---|---|---|---|---|---|
| Least Developed Countries | General Terms | Standard | 0.90 | 30 | 10 | Untied | |
| Preferential Terms | Standard | 0.75 | 40 | 10 | Untied | ||
| Low-Income Countries | - US$745 | General Terms | Standard | 1.30 | 30 | 10 | Untied |
| Preferential Terms | Standard | 0.75 | 40 | 10 | Untied | ||
| Special Terms for Economic Partnership | Standard | 0.75 | 40 | 12 | Tied | ||
| Lower-Middle-Income Countries | US$746 - US$1,435 | General Terms | Standard | 1.50 | 30 | 10 | Untied |
| Option | 0.90 | 20 | 6 | ||||
| Preferential Terms | Standard | 0.75 | 40 | 10 | Untied | ||
| Option | 0.75 | 20 | 6 | ||||
| Special Terms for Economic Partnership | Standard | 0.75 | 40 | 12 | Tied | ||
| Middle-Income Countries | US$1,436 - US$2,975 | General Terms | Standard | 1.50 | 25 | 7 | Untied |
| Option | 1.05 | 20 | 6 | ||||
| Preferential Terms | Standard | 0.75 | 40 | 10 | Untied | ||
| Option | 0.75 | 20 | 6 | ||||
| Special Terms for Economic Partnership | Standard | 0.75 | 40 | 12 | Tied | ||
| Upper-Middle-Income Countries | US$2,976 - US$5,185 | General Terms | Standard | 2.00 | 25 | 7 | Untied |
| Option | 1.80 | 20 | 6 | ||||
| Preferential Terms | Standard | 1.20 | 25 | 7 | Untied | ||
| Option | 0.90 | 20 | 6 | ||||
| Options for Program Type Japanese ODA Loan | In case of co-financing, it is possible to apply the same repayment terms as co-financer's lending while maintaining the concessionality of Japanese ODA loan. | ||||||
- Terms of Special Terms for Economic Partnership will be set so as to extend a tied aid and reconsidered on January 15 every year.
- The concessional level of optional terms will not exceed that of standard terms, but the lowest interest rate will be 0.75%.
- Preferential Interest rate, currently 0.75%, will be reconsidered in case of drastic increase of interest rates in the future.
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