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| Name | What is loan restructuring? |
| Video Uploader | Video From CreditMantri |
| Upload Date | This Video Uploaded At 04-02-2021 09:34:46 |
| Video Discription | Restructuring is the process of altering an ongoing loan to change the existing terms of a contract. Generally, borrowers opt for loan restructuring when they face a risk of default and find it extremely challenging to pay their loans on time. In other words, restructuring can be described as the process of increasing the loan repayment tenure, altering the frequencies of interest payments, or reducing the loan EMI so as to make it easier for the borrower to repay the loan on time. In loan restructuring, both the lender & borrower discuss & negotiate the terms of an existing loan contract and both parties come to an agreement. The restructuring will provide borrowers with a little flexibility depending on the type of agreement with the lender & makes it easier for them to repay the loan on time. The banks will be willing to restructure loans if it allows them to recover their debts and if the banks have confidence in the intent and capability of the borrower. Meanwhile, remember that restructuring negatively impacts your credit score. This is why it’s highly recommended that restructuring should be the last option when no other options are available. Check your FREE credit score at CreditMantri. https://www.creditmantri.com/credit-score/ Download App: http://bit.ly/38FFAUp Follow us on Facebook: https://www.facebook.com/CreditMantri/ Twitter: https://twitter.com/CreditMantri/ Instagram: https://www.instagram.com/creditmantri/ LinkedIn: http://bit.ly/2IHFRvw Pinterest: https://www.pinterest.com/creditmantri/ "For reviews about CreditMantri and write your reviews, click here https://www.creditmantri.com/reviews/ If you have any queries related to our services, you can log in to CreditMantri and write under the 'Need Help' section and we will get back to you immediately. Check your FREE credit score at CreditMantri. https://www.creditmantri.com/credit-score/ |
| Category | Education |
| Tags | What is loan restructuring? | One Time Loan Restructuring Advisory | Loan Restructuring Calculator | How to use the Loan Restructuring Calculator? | What is the process to get my loan restructured? | Who can apply for loan restructuring? | Loan Restructuring Documentation | Borrowings | Loan restructuring | loan repayment | the moratorium on loan repayment | Future borrowing capacity |
