01 front-loaded interest repayment structure on loans and mortgages with floating rates places unfair risk burden on borrowers

What the citizen said

«Inchu enq mena varkeri kam hipoteqi depqum dimacic vcharum tokosner ayl voch te mayr gumar+tokos.mercneluc menq enq ogtvum vchareluc banker@ u petutyun@.et depqum el tox risk@ kisen mer het.che vor menq loxacox tokosel enq vcharum»

What Lsum understood

front-loaded interest repayment structure on loans and mortgages with floating rates places unfair risk burden on borrowers

Topic

Finance, banking, and insurance → Loan repayment

Affected group

Borrowers / debtors — borrowers of loans and mortgages

Citizen wants

Restructure loan repayment terms to distribute financial risks more equitably between borrowers and financial institutions

Citizen proposed solution

Pay principal and interest concurrently rather than front-loading interest payments, and have banks and the state share the risk of floating interest rates

Locations

No location mentions.