Loan Restructuring
Restructuring is a “re-negotiation” of your loan terms before a total collapse. It is the bank’s way of helping you pay, rather than letting you default.
- Tenure Extension: Lower your EMI by spreading the loan over more years.
- Moratorium: Request a temporary “holiday” from payments during a medical crisis or job loss.
- Interest Caps: In some cases, banks may freeze penal interest to help you catch up.
Watch this video to learn how to present a “Restructuring Proposal” that a Credit Manager will actually approve.