How to restructure consumer debt

Pivdenny Bank is sympathetic to the situation in which some clients find themselves due to the economic consequences of the quarantine. Therefore, we would like to offer our private clients the option to restructure consumer debts due for repayment from 01/03/2020 until the end of the quarantine. Restructuring of loan debt is a change in loan conditions to facilitate the fulfilment by clients of loan obligations. We have provided several restructuring options.

Possible restructuring options:

• changing the debt repayment schedule or reducing the amount of the payment until the end of the year;
• deferral of repayment (including the principal debt and/or interests and/or commissions) until 30.06.2020 with subsequent debt repayment until the end of the year;
• extension of the loan agreement until the end of the year;
• reduction of interest rates during the quarantine.

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