Write an application for a loan extension. Deferred loan payment: requirements for the borrower, methods of registration. How long does it take to process a loan deferral?

Each borrower has a desire to properly repay the debt and, if possible, early payment of the entire debt. But often there are different situations and force majeure. As a result, timely payment is violated.

Therefore, many borrowers understand that deferred payment will help them. They are interested in any way to reduce the troubles and penalties associated with insolvency.

Ways to get a deferral

There are several ways to get a deferment when the payment on any loan is overdue:

• postponement of the term (deferred payment);
• making changes (loan restructuring);
• on-lending (loan refinancing).

Deferred payment

This payment is often referred to as the payment holiday for the body of the loan. Interest is charged, although the borrower does not pay the amount of the payment for the principal debt and interest when using the loan.

By the end of the term, the borrower pays more than usual. The bank usually provides a deferral of any payment for up to six months.

Loan restructuring

This method of deferment, which represents the changed terms of the contract, but the payment amount does not change and remains the same. A statement is written, which indicates the reason for which financial difficulties arose.

A document is attached to it, confirming why the loan payment is overdue and indicating the problem. It can be an illness, the birth of a child, dismissal by order. According to the law, the bank may refuse concessions.

Loan refinancing

During this process, refinancing occurs when the loan payment is overdue, which can be carried out both in another bank and in the one where the first loan was taken.

The new loan received may have favorable conditions. It may include a reduced monthly payment or a reduced interest rate.

Depending on the situations and conditions, the bank chooses a support scheme. Even the choice is not always made. Only temporary and occasional issues can decide whether a given payment deferral will be honored.

With a positive decision of the bank, when the cash payment on the loan is overdue, an agreement is drawn up. Read the terms of the contract carefully before signing. The decision can be canceled by the bank in case of violation or another delay.

1. Declaration of bankruptcy. In this case, the borrower will not have to pay. You don't need to pay deferred. The bank will definitely file a claim for bankruptcy. In practice, you will need a good lawyer, whose services you will have to resort to. Banks often win court. Bankruptcy is denied, debts rise, and you still have to pay court costs.

2. If possible, borrow money from someone to take advantage of this and pay off the bank.

3. If real estate or a car is left under a loan, then it is better to sell it and pay the bank. So, the borrower will save himself in the future from annoying collectors and lawsuits that will lead to the sale of property at half price or more.

The debtor himself is looking for a buyer, but the transaction will be completed only with the consent of the bank. The bank benefits from this transaction and the amount of any payment will be compensated.

4. In the event of a decrease in wages or a sharp change in the exchange rate, it is necessary to start corresponding with the bank. Keep all copies of correspondence. In the content of the letter, indicate that you need a deferral of any payment in a petition form. You can offer the bank to take yourself to work, taking into account the transfer of most of the salary for debt.

5. Banks themselves often offer "credit holidays". Usually this clause is written in the contract. The borrower is allowed not to pay the loan for 1-10 months or about a year and a half. Then, as soon as the term ends, the cost of payment will increase several times. So, the bank makes up for its losses.

To qualify for a deferment, the borrower must verify:

• terms of an agreement;
• Is there a holiday pay?

Basically, the bank refuses the borrower without explaining the reasons for this. Therefore, this statement can be attached to the trial.

Law

A borrower whose cash payment on a loan is overdue has the right to declare bankruptcy through Arbitration. According to the law, an application can be submitted if the inability to pay within six months is more than 50,000 rubles. The creditor has the same right.

If the court and the creditor declare bankruptcy, the borrower will give up his property for sale. It is forbidden to take items for essentials, but then the debt is forgiven.

The lender understands that from the sale of the seized property, there will be much less money than the borrower owes. Therefore, it is unprofitable for him to recognize the bankruptcy of the debtor. The bank goes for a better deal and proposes a restructuring.

According to the bill, the bank can grant a deferment for a long time (no more than 5 years). The bank's rights include the accrual of interest on the debt, which reflects the amount of the remaining payment. The borrower cannot take new loans, because he has already violated the contract.

A reasoned application to the bank with a request for a delay is a way of protection and an attempt to ensure a non-negative history on the loan. In case of refusal, during the trial, a copy of this appeal will become evidence of an attempt to resolve the problem peacefully.

Turning to the bank, any borrower assumes that in the event of a loan, he will take responsibility for the return of funds by making monthly installments. This lending mechanism is classic, and many citizens are familiar with it from personal experience.

It happens that due to circumstances, a citizen loses the ability to make monthly payments. To avoid delays and possible unpleasant consequences, you should contact the lender and take the opportunity to take a deferment on the payment of a consumer loan. In our article, we will talk about what is required for this and how to issue the accompanying documentation.

In order not to complicate the situation with the return of the loan, and also not to become an object of influence of collectors or bailiffs, you should not exacerbate the problem. It will be enough to contact the borrower and ask to postpone the loan payment to a later date. If the application is approved, the borrower gets the opportunity to take advantage of credit holidays, and in the future to pay the debt.

This provision is enshrined in Art. 450-451 of the Civil Code of the Russian Federation. According to the content of these articles, any citizen who has taken a loan has the right to ask for a delay at least once a year.

What deferred payment options are available?

Deferral of payment on a loan is the provision by the lender of a certain period of time to the borrower, during which a citizen may not pay some part of the debt or not pay the entire loan in full. As a rule, we are talking about the following options:

1. The principal payment due date is being postponed. In this case, the basic part of the debt, namely the body of the loan, remains unpaid, and the debtor is obliged to pay only the accumulated interest. It is important that the grace period should be only one year.
2. Granting a deferral of payment of interest on a loan. The borrower makes payments only on the principal loan, while for those who want to reduce the overall overpayment on the loan, this may be the most suitable method.
3. Deferrals for each part of the payment can only be granted to very reliable clients and for a short period of time, for example, three months.
4. Implementation of the revision of the terms of the loan. In this case, the borrower should present a convenient loan restructuring plan to the bank and then wait for a decision. The client must convince the bank that his offer is very profitable and will solve problems related to the violation of the financial stability of the borrower and the payment of mandatory funds.
5. Revision of payment schedule. In this case, for a certain period of time, monthly payments are stopped, provided that in the future funds will be deposited in the required amount.

Once the grace period has expired, the borrower should be required to resume payments. Despite the complexity of the situation, the chosen option of transferring funds may allow the citizen to improve his financial situation and resume payments. Most often, the debt is recalculated, and the citizen has to pay the bank much more than before, so experts in this topic recommend not resorting to deferrals unless absolutely necessary.

How to get a deferral

If the client wants to get some time as a loan deferral, then you should first contact the bank and take the appropriate application form.

There is no single regulation for issuing a deferment, however, there is a certain scheme of actions that will allow the payment to be transferred to subsequent periods:

1. First you need to read the loan agreement. The document should indicate under what conditions a deferral is granted, as well as what is the maximum period for transferring payment can be provided to citizens.
2. In some banks, it is customary to involve a whole committee in considering the issue of granting a deferment. As a rule, this is decided on an individual basis based on the documents provided by the borrower.
3. Some lenders, when applying to a client, give him the right to independently choose a suitable restructuring scheme. As options, you can consider such as lowering the interest rate or reallocating the amount for a refund.

Restructuring is usually provided to people who have submitted additional certificates and statements confirming their positive credit reputation, as well as having the status of a reliable borrower. Sometimes the bank gives people the opportunity to exercise such a right as a loan vacation, which was not initially provided for in the agreement.

Who can be granted a deferral?

Only certain categories of citizens can take advantage of such a right as a deferred payment. The list includes the following individuals:

• persons suffering from a serious illness and having an official medical opinion;
• citizens who have lost their earnings, including single mothers and women on maternity leave;
• borrowers who have moved to a permanent place of residence in another locality;
• citizens who have lost their breadwinner or are involved in paying for the treatment of relatives;
• persons who have experienced force majeure circumstances.

Of course, you will have to confirm your status with certain documentation and the provision of additional extracts or medical reports. The main condition is the absence of delays on the loan. In addition, the whole procedure can take a lot of time.

Conclusion

When answering the question of whether it is possible to defer payment on a loan, it is worth paying attention to the conditions under which the bank will allow this to be done and whether the citizen has certain reasons to defer payment. In order to receive a deferment, it will be necessary to prepare a number of mandatory documentation and apply to the bank with an official application.

A deferral may be needed for any borrower whose financial situation leaves much to be desired. This is the easiest way to solve your debt problem without ruining your credit score.

Is it possible to take a loan deferment, it is written in your loan agreement, which must be carefully studied before going to the bank.

Who can apply for it?

The bank's loyalty can always be counted on by borrowers who have always paid on time according to the schedule, for whom the reason for the difficult financial situation is serious and can be confirmed by relevant documents.

The following valid reasons for delaying a loan are accepted:

1. deprived of their source of income;
2. women who went on maternity leave or parental leave until he is 1.5 years old;
3. borrowers who need treatment or if a relative in their family is seriously ill;
4. persons who were left without a breadwinner;
5. borrowers who were forced to move to another city;
6. clients with material difficulties that are not dependent on them (those who have become victims of car theft, robbery, earthquake, fire, etc.).

The following people are likely to be rejected:

• borrowers who have already been in arrears and neglected to fulfill their obligations;
• borrowers with a damaged credit rating;
• persons who took out a loan less than 3 months ago or those whose loan agreement expires in 3 months;
• employees who resigned from their positions of their own free will and there is evidence of this in the form of an entry in the work book;
• those customers who are trying to scam.

Note that before taking a loan deferment, it will be necessary to prepare papers proving a good reason. This may be a certificate from the employment center on registration, certificates from the hospital, etc.

What documents may be needed?

First of all, you will need to go to the bank and write an application there. Usually its form is standard, a ready-made form is used in the form of a bank. Please note that you only need to go to the branch where you signed the loan agreement.

The list of documents for deferring a loan, which the bank will probably request:

1. the borrower's passport or other document proving his identity;
2. an extract from the labor office on dismissal, a certificate from the employment center on registration, a certificate of reduced wages;
3. certificate of pregnancy, childbirth and maternity leave;
4. a certificate from the hospital about the health of the borrower or his loved one, information that the borrower has to support a disabled person, etc.

If it is not possible to make a payment on time and there may be a delay of about 7 days, there is no need to write an application. But still, it is desirable to warn the bank, perhaps this way it will be possible to avoid penalties.

For borrowers who periodically made such “minor” oversights, the answer to the question of whether it is possible to take a loan deferment is likely to be negative.

Some banks do not provide for a delay in principle, so before applying for help, it is first important to study your loan agreement. A client in a difficult situation also has the right to request a revision of the schedule for making monthly payments.

Postponement algorithm

If the process of obtaining a deferment is described in detail in the loan agreement, after the client submits the documents and application, everything will go on strictly according to the algorithm. In some banks, the renewal activation service is paid, so you may have to pay for it.

If the contract does not say anything at all about the postponement, the decision will be made on the basis of the documents available to the borrower and whether he has a good reason.

Main types

• The first of them is a change in the loan repayment schedule, while the loan term is increased. Thus, the client receives a reduced monthly payment and an extended loan term.

Of the minuses of such a scheme, only one can be distinguished - extending the loan term automatically entails an increase in the amount of overpayment, although the burden on the borrower's budget is reduced within a month.

There is nothing complicated in how to apply for a loan deferment. As soon as a new payment schedule is in hand, it remains only to deposit money within the time limits described in it.

• The second deferral scheme is when the client receives an exemption (usually from 30 days to a year) from paying the body of the debt, but on a monthly basis he must repay the interest under the contract.

Most often, such a service is paid, so about 10% of the monthly payment on average will be charged for receiving a deferment (for example, under such conditions, credit holidays can be obtained at VTB-24). It is allowed to use this option no more than once a year and only if the debtor has a really good reason.

What to do if a refusal is received?

It is desirable to receive a refusal in writing, not verbally. If at the same time the motive for obtaining a deferment is serious, then it is necessary to go to court, which will review the terms of the loan agreement.

Using this method, it will even be possible to renew the loan agreement and change its currency, but you still have to pay for the services of an experienced lawyer.

If everything is really bad, but a pledge appears in the transaction, you can offer the bank to sell it and close the body of the loan and interest with the proceeds. But for the most part, banks are interested in the payment of their debts by debtors, even if not within the originally agreed time frame.

Therefore, if the borrower showed his best throughout the entire period and now he suddenly needed a vacation in payment, most likely the lender will show loyalty. That's just watching a person's attempts to find a job again (if the reason for the delay was dismissal) will be very closely.

If, in addition, a person has a package of documents proving a good reason, a deferral of payments will most likely be granted.

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There are situations when a person who has a stable income and has taken a loan from a bank finds himself in a difficult financial situation. Not being able to repay loan obligations on time, the borrower can apply to the bank with a request for a deferred payment. How to do this, and what documents you need to provide, read the article.

If it is impossible to repay the debt on the loan, the borrower can count on a loyal attitude from the bank if he turns to the problem in time to solve it. In this case, a credit institution may apply a number of financial instruments, depending on the complexity of the situation.

It is not profitable for banks to refuse a client's request for a deferred payment on a loan. By concluding an additional agreement with the borrower, the bank not only receives credit funds issued to the client, but sometimes benefits from an increase in interest.

In some situations, banks refuse the borrower to defer loan repayment. For example:

• Clients with
• Using credit funds for less than 3 months.
• Clients whose last loan payment is due in 3 months.
• Causing suspicion of fraud (providing false information about the deterioration of their financial situation).
• Employees who voluntarily quit their job and lost their income.

The bank's decision on deferment in respect of each borrower is made by the credit committee. Depending on the lending policy of the financial institution, the outcome may be positive or negative for the borrower.

In order for the relationship between banks and debtors on loans to enter the legal channel, the Law on Bankruptcy of Individuals No. 127-FZ was adopted. The latest revision was published in December 2014. This document facilitated the procedure for declaring an individual bankrupt, and also fixed the rules for writing off debts and selling the debtor's property in favor of the bank.

The law provides for the use by banks of the loan restructuring procedure and the reduction of severe penalties for the debtor for late payments. In order to count on support from the bank and the state, the debtor should not hide from the credit institution, block phones and change their place of residence. You need to go to the bank right away.

For debtors who were declared bankrupt by the Arbitration Court, it became possible to partially or completely write off debts. These loan funds will not need to be repaid to the bank. After the “forgiveness” of debts, the borrower can start life “from scratch”, and after 5 years, use loans again. The practice of individuals, which has long been widespread abroad, is beginning to gain momentum in Russia.

The following borrowers can apply for a loan:

Each bank has an official or unofficial "white" and "black" list of persons using loans. For borrowers from the "white" list, softer debt conditions are provided than for people from the "black" list. Relations between the parties are most often built on trust.

If the debtor and the creditor have not found a way out of this situation, then the only solution will be the bankruptcy of the borrower. In this case, it is not known who will win more - the bank or the client.

Depending on the size of the loan debt and the financial capabilities of the borrower, the bank can offer the debtor the following types of deferrals:

To confirm the repayment of the loan at the end of the holidays, the bank may require the provision of documents. For example:

• certificate of a medical institution in case of illness;
• certificate from the place of work on the provision of leave to care for a child up to 1.5 years;
• documents confirming material damage to the borrower as a result of fire, flood, theft, etc.;
• work book with a record of dismissal;
• other documents.

Sometimes it is necessary to involve the guarantors of the borrower. They act as guarantors of the agreement.

Appeal of the borrower to a credit institution with a written application and the necessary documents.

Obtaining a bank decision on the issue of deferred payment on the loan. If this clause is specified in the loan agreement, then the decision is made in accordance with these standards.

If there is no such clause, then the bank considers each case individually. Most banks immediately offer the client to use the standard ways of debt restructuring.

Fulfillment by the debtor of the conditions proposed by the bank. An agreement on loan restructuring is signed between the parties.

Applying to a credit organization to solve the problem of repaying a loan is an opportunity to maintain a positive credit history. Evasion of cooperation with the bank entails material and moral costs.

- the process is lengthy. In the decades that borrowers pay off this type of loan, anything can happen. In the event of situations that entail the impossibility of repaying the loan, you need to notify the bank. For this you need:

• Write and submit to the bank employees a statement about the reasons for non-payment of the mortgage.
• Attach the required documents.
• Obtain written confirmation from the bank that the application has been accepted.
• Wait for the decision of the bank regarding the repayment of the debt.

The bank can offer the following solutions to the problem:

• Restructuring.
• Postponement and payment by installments.

Restructuring means:

• prolongation of the loan term;
• deferred payments;
• decrease in mortgage interest.

Refinancing is taking out another loan or loan to pay off your mortgage.

Postponement is a credit vacation of three types (described above).

Installment plan involves reducing the amount of payment for a certain period to the minimum required by the borrower.

If the financial difficulties of the borrower are temporary, then the listed methods will help to survive the difficult time. If long-term financial insolvency is planned, then we can talk about the sale of mortgage real estate.

The procedure for obtaining a credit deferment for women on maternity leave is similar to the procedure for obtaining a deferral for ordinary borrowers. The size of the allowance for pregnancy and childbirth, as well as for caring for a child under 1.5 years old, does not always allow paying off loan obligations assumed by the borrower during the period of receiving a high salary.

It is not possible to completely freeze a loan. The solution may be to reduce interest and installment payment. To receive them, you must write an application and submit it to the credit committee. If the bank refuses to accept the conditions of a non-working mother with a child in her arms, then she can file a lawsuit in court. In this case, the help of a qualified lawyer will not hurt.

With the birth of a child, a young mother has many additional worries, including problems with material support. For single mothers, this issue is especially acute. If during the period of employment a woman could provide for herself and pay off credit obligations, then after the birth of a child there is nowhere to wait for financial assistance.

To keep your credit history clean and not incur penalties, you should take the time to contact the bank to restructure your debt. Large financial institutions that value their reputation always meet the needs of their clients. and small banks are reluctant to make concessions to the client.

In any case, it is necessary to apply in writing to the bank with a request to reduce the interest rate on the loan or to increase the term of the loan agreement. The waiver must also be received in writing. If the bank sued the borrower and won the case, then according to Articles 203 and 208 of the Code of Civil Procedure, it is possible to change the method and procedure for executing the decision on the response claim.

• If the loan is issued, then its amount can be used to pay off the debt in the event of the financial insolvency of the borrower.
• If the bank refused to provide an installment plan for repaying the loan, then the borrower can apply to the court for an installment plan (Article 434 of the Code of Civil Procedure of the Russian Federation).
• The borrower can seek financial assistance to obtain a deferred payment on the loan if the bank does not make any decisions on the application.

When applying for a loan at a bank, the borrower undertakes to make monthly payments and pay the entire amount in the future. But it happens that due to the current situation, the debtor is not able to repay the debt, and it is necessary to issue a deferment for a certain period. Is it possible to take a loan deferral, and what is required for this?

Is it possible to defer loan payments?

In order not to incur risks (collision with collectors or loss of property issued to the bank as collateral) and not create difficulties for credit managers, the borrower may officially ask the lender to postpone the payment date under the loan agreement. The borrower gets a "credit holiday" and time to improve the situation and maintain the ability to repay the loan in the future. The change in the terms of the loan is fixed in:

• articles 450 and 451 of the Civil Code;
• Federal Law No. 353.

According to the law, any citizen who has taken a loan from a bank has the right to ask for a deferment once a year.

Possible deferment options

A deferment of payment on a loan at a bank is a certain period of time during which a person may not pay a specific part or the entire loan in its entirety. It comes in options:

1. Postponement of principal payments. In this case, the basic part of the debt (loan body), taken under the loan agreement, is temporarily not paid. The debtor pays only the accrued interest. The maximum period of such a delay is 1 year.
2. Deferral of payment of interest on a loan. The borrower at the time is calculated only on the main part of the loan. A profitable option for those who want to reduce the total overpayment on the loan amount.
3. Postponement of both payments. Most often it is given only to reliable clients and for a short period - up to 3 months.
4. Reviewing the terms of the loan. Here, the borrower will have to provide the bank with a plan for restructuring the agreement that is convenient for you, containing reasonable arguments. The client must convince the lender that it will be beneficial to both parties.
5. Change in payment schedule. In this case, for a certain period, monthly payments are stopped, provided that an increased payment is made in the future.

When the grace period has expired, the borrower must resume payments. Despite the severity of the situation, the type of transfer of loan payments chosen and the confirmations provided, the decision to postpone will be made by the lender.

In most cases, the amount of the debt is recalculated, and the debtor pays the bank even more. If this is a forced measure to avoid court or bankruptcy, you will have to use it.

There are situations when the client was allowed to change the terms of payment for the debt, while maintaining the obligation to pay a reduced monthly amount. Then the borrower must fully pay the established amount of payments. Otherwise, the bank may cancel the deferment. This possibility is indicated in the additional agreement concluded for the period of revision of the payment program.

How to get a loan installment

The client is preparing an application for deferred payment on the loan. You can view a sample application to the bank for deferred payment on a loan below:

There is no single approach to issuing credit holidays. The transfer of loan payments, first of all, depends on the approach of the bank:

1. Some credit institutions in the loan agreement fix the conditions under which a deferment can be granted. Then the lender will act in accordance with these provisions. This applies to the maximum payment transfer period, the conditions under which the service is provided (it can also be provided on a paid basis), and the documents that the debtor must provide.
2. Other banks do not put in the loan agreement the client's right to take a deferment, resolving this issue on an individual basis. To do this, a credit committee is involved, which will study the submitted documents, the borrower's credit history and his situation, and then make a suitable decision.
3. There are lenders who, when a client applies, give him the right to independently choose one of the loan restructuring schemes operating in this bank (such a system operates in Sberbank). For example, there is an opportunity to extend the term of the agreement, reduce the interest rate, redistribute payment dates, etc.

Restructuring is usually given to individuals with a particularly difficult situation that will not improve in the near future. Often the bank revises the terms of the loan and extends the repayment term by raising the interest rate. Sometimes banks give the right to clients to take credit holidays, which are provided as a result of a promotion and not provided for in the loan agreement (usually for a certain amount). In addition to the application, the client must provide the following set of documents:

• a copy of the passport;
• a document from the Pension Fund (in case the debtor is a pensioner and the amount of money received does not allow paying);
• certificate of income from the previous / current place of work (form 2-NDFL) or registration at the labor exchange. You may need a certificate of earnings of guarantors, family members and relatives of the borrower;
• work book (if the borrower was fired, an appropriate note should be made in it);
• certificate from a medical institution (if the loss of income is associated with health problems).

A consumer loan deferral is provided to the following categories of debtors:

1. People who (according to the medical report) suffer from a serious illness are unable to work and/or need long-term treatment.
2. For those who have temporarily lost their income(including mothers who took maternity leave or to care for a baby under 1.5 years old) and was registered with the employment service, as well as people who have financial problems that are not directly dependent on them (say, burned out real estate, car, etc.).
3. Borrowers who left for permanent residence in another locality(or planning to do so).
4. Citizens who have lost a breadwinner or undertook to pay for the treatment of a relative.
5. Persons with force majeure circumstances(lost relatives and friends, victims of natural disasters, etc.).

If wages are delayed, the borrower needs to provide the bank with a certificate from the place of work, which indicates the approximate terms for calculating payments. Reducing the client's salary is also a good reason. But the dismissal on the personal initiative of the debtor is not a good reason for granting a deferment. Banks also refuse those who:

1. Previously, he allowed delays and did not warn the lender about the problems that had arisen in a timely manner.
2. Deliberately ignored requests and attempts to contact the bank employees.
3. Could not justify the refusal to fulfill financial obligations, and was also seen in fraud.
4. Already violated the terms of the loan agreement.
5. Took out a loan less than 3 months ago, but is already trying to get a deferment.

What to Consider

Whatever the reason for the borrower requesting a deferment, the bank will require supporting documentation. So, in case of loss of a job, a document must be submitted indicating the reason for the deprivation of a job (liquidation of an organization, dismissal by decision of the employer, mutual agreement, etc.).

The creditor's decision will be influenced by the cause and period of the client's temporary insolvency. It is unprofitable for the lender to conduct legal proceedings due to a short delay in payment and lose a person. It is better to find out in advance when you can contact the lender for an answer on request. Perhaps he wants to play it safe, and the debtor will need to find guarantors. If the bank is not sure that in the future it will be able to repay the debt, it may require the involvement of those who can guarantee the payment of the loan.

Revision of the main term of the loan agreement is also unfavorable. So, if you took a loan for 5 years, and then issued a deferment for 1 year, you will be given 4 years to fully repay the loan. Therefore, monthly payments will be increased.

How to get a loan deferral for a short period? Most often, the bank already gives a little time to delay payments. Say, without consequences, you can make a payment 5 days later than the deadline. The debtor will most likely be notified of the non-payment, but you can promise to make payment in the coming days. With a small delay, it is not necessary to notify the lender, and this will not be reflected in the credit history in any way.

If the client was denied a deferment, he still has some time left. As a rule, the creditor files an application for non-payment of the debt to the court after a year or six months from the date of the last installment. This carries certain risks, but it makes it possible to improve the situation and not take new loans to pay off old debts.

So, deferred payment on a loan is a convenient tool that allows banking institutions not to lose existing customers and attract new ones. All banks have their own conditions for granting credit holidays. You can find out about the possibility of transferring payment on a loan in the loan agreement or by contacting the lender with an application and supporting documents. If the question arises as to whether it is possible to defer payment on the loan, and the principles of the organization's work allow you to take a deferment and the audit revealed that the client has good reasons, the application will be approved.