Rescheduling loan and loan debts

Our experienced team for more than 35 years in the banking sector in Bahrain and other countries are handling and have solved a number of Debts rescheduling. Debt can be rescheduled after refers to restructuring terms of an existing loan. The debt can be rescheduled as follows:

• Reduce installment amounts by extending the loan period and increasing the number of installments.
• Pause payment or reduce installment amounts during a given period and then increase the amount of the monthly installments.

Benefits:

For lenders, a debt rescheduling represents a better option than default since you will keep on receiving monthly repayments. For borrowers, it is an alternative to late fees and reputational harm.

New loan that replaces the outstanding balance on an older loan, and is paid over a longer period, usually with a lower installment amount. Loans are commonly rescheduled to accommodate a borrower in financial difficulty and, thus, to avoid a default. Also called restructured loan.