Secured loan settlement

You may extend the duration of your loan and permanently lower the interest rate.

To determine the proposed duration and interest rate, we review your financial information.

How you benefit

Extending the duration of your loan lowers the instalments you pay for the remaining duration.

Lower interest rate means lower outstanding amount.

If your loan does not fall within the Pillar portfolio, you may pay lower instalments that gradually increase. You end up with a fixed interest and capital repayment instalment that corresponds to your current ability to repay.

The total period of time that a reduced interest rate applies for may be up to 9 years.

To determine the features of the settlement, we review your financial information. The settlement can be combined with:

• extending the remaining duration of your loan
• lowering the interest rate
• lowering your debt

Find out the portfolio of your loan.

How you benefit

You pay lower instalments that correspond to your current ability to repay. Instalments increase gradually and you reach the final instalment amount more smoothly.

Lower interest rate means lower outstanding amount.

If you uphold your agreement, part of your debt may be waived.

You may settle a significant part of your debt and pay lower monthly instalments. You may also extend the remaining duration of your loan and reduce the interest rate.

To determine the features of the settlement, we review your financial information.

How you benefit

If you uphold your agreement, upon its termination the outstanding amount of your initial debt is waived.

If your loan falls within the Pillar portfolio, you may repay only the part of your debt that corresponds to your current ability to repay. This is amortised to principal and interest with a reduced interest rate for a specific period of time.

For the outstanding amount of your debt:

• no instalment is required throughout the duration of the loan and the outstanding amount becomes payable at the end of the loan
• you are not charged with interest rate

This settlement can be combined with debt reduction.

To determine the features of the settlement, we review your financial information.

Find out the portfolio of your loan.

How you benefit

You ensure significantly lower instalments, based on your current ability to repay.

If you uphold your agreement, part of your debt may be waived.

If you are facing financial difficulties, you may opt for final debt settlement. You just need to repay (one-off) part of your debt.

For final debt settlement, we review your financial information that proves you are facing financial difficulties.

How you benefit

You settle your debt once and for all with discount. Your outstanding debt is waived.

Find out more solutions for final secured loan settlement.