Branch Network
Frequently asked questions for consumer loan and credit card customers BACK

Why should I select to extend the loan term and be burdened with additional interest?

With the loan term extension you secure a lower monthly instalment for your loan that will help you meet your obligations.  In the future, if your financial situation improves, you can alter again the term of your loan.
Furthermore, do not forget that a distressed loan is burdened with penalty rates, that may burden you more than an extension.

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