Debt Repayment Strategy for Defaulters: Details of the 3-Year Plan with Minimal Initial Payment
Monday, 8 July 2024, 15:10
Debt-Free Exit Policy Details
The new policy allows defaulters to repay their loans within 3 years with a 10% down payment.
Loan Repayment Conditions
Borrowers must fully repay existing loans before being considered for new credit facilities.
- Important: Exit facility is not a debt rescheduling option.
- Key Point: 10% down payment ensures a manageable initial repayment.
This strategy emphasizes efficient debt clearance and timely repayments to avoid financial burdens.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.