Banking / Finance Law
Loan Restructuring
A revision of a loan's original repayment terms — such as extending the tenure or reducing instalments — agreed between lender and borrower, typically to help a genuinely struggling borrower avoid default.
Restructuring can give a borrower facing temporary financial difficulty room to recover without immediately defaulting, though it may affect their credit profile and typically comes with revised terms that the lender considers commercially reasonable in the circumstances.
Lenders generally have their own internal policies and eligibility criteria for considering a restructuring request.
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