Prolongation (bank loans)


Renewal - extends the period (postponement of) the repayment of a part or all of a bank loan, which may take place by temporarily suspending part payments (eg installments or installments) or the entire loan.

The application of a grace period may involve an increase in installments following a grace period (with an unpaid portion of a credit commitment) or with a grace period.

The extension is made in the form of an annex to the loan agreement after the borrower submits the application. Bibliography

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