Securing Hannav Ledger...
Securing Hannav Ledger...
Glossary
Loan restructuring modifies the original terms of a loan (tenure, EMI, interest rate) to help a borrower facing genuine financial difficulty avoid default.
Reworking your loan terms with the bank when you’re struggling to pay, to avoid default.
May involve extending tenure, reducing EMI temporarily, or a moratorium; typically flagged in the borrower’s credit report and can affect future loan eligibility even if it prevents default.
A borrower who lost their job negotiates a restructured loan with lower EMIs for 12 months, resuming normal EMI after recovery.
Reworking your loan terms with the bank when you’re struggling to pay, to avoid default.
Loan Restructuring helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.