01 bank loan deferral terms require lump-sum repayment of deferred installments, causing financial hardship for borrowers

bank loan deferral terms require lump-sum repayment of deferred installments, causing financial hardship for borrowers

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Finance, banking, and insurance → Loan repayment

• Borrowers / debtors · Unemployed · Parents — unemployed borrower with a child facing loan repayment difficulties

Allow deferred loan installments to be redistributed over the remaining loan term rather than paid as a lump sum

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