The new facilitation measures will start in January and will be gradually implemented for all businesses and households exiting the moratorium.
Programs banks are planning a reduced installment for consistent borrowers. As reported by the newspaper “Kathimerini”, these programs will last up to two years for those businesses and households that have been hit by the coronavirus crisis and entered into a payment moratorium.
The new facilitation measures will start in January and will be gradually implemented for all businesses and households exiting the moratorium, ie the horizontal measure of suspension of payment of their loan installment, which started last April and concerned exclusively the consistent borrowers.
Most of these moratoriums expire at the end of 2020 until the first quarter of 2021 and the banks are making the policy for the next day, in order to facilitate the borrowers on the one hand and to avoid these loans blushing on the other. On this basis, they plan programs that provide for a gradual return of the dose to pre-crisis levels over a period of one or two years.
It is pointed out that the moratoriums were given to consistent debtors, that is, to those who are normally servicing their loan until February 2020. For households, payment was suspended in installments of their mortgage and consumer loans, while companies were given an exemption from the payment of capital with the obligation to pay only interest. Thus, the new facilitation measures that are planned mainly concern this category of customers, in order to be able to return to pre-crisis levels to blush.
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