The loan payment burden is temporarily cancelled in whole or in part. After the payment deferment, the due dates that were postponed are added to the principal of the loan. A payment grace period of up to 12 months is granted.
Two options are available, on the one hand, to postpone the due dates entirely, i.e. payment of installments of principal, interest and indexation (if the loan is indexed) and, on the other hand, partially postponing due dates. Payment of principal is then deferred, but interest indexation are paid on each due date.

Keep in mind that if the interest and indexation are not paid, the principal amount of the loan will increase by that amount, and thus the payment burden of the loan will be higher at the end of the payment deferment. You also have to pay for preparation of documents and a registration fee at the District Commissioner's office. If applying for a payment deferment on loans that are secured by a mortgage, a payment ability evaluation must also be carried out.

The application for deferment of payment of loans can be found on the applications page

You can take a loan for up to 40 years. If you took out a loan for a shorter period of time, you can extend the loan period and thereby reduce the regular payment burden. Keep in mind that with a longer loan period, the total payment of the loan increases because the interest and indexation are paid over a longer period of time. It is good to use the Loan Calculator to see the effect of a longer loan payment period.

An extension of the loan period is applied for with an application for changing payment terms, which is on the applications page.

If your loan is not in monthly installments, the installments can be high. If this is the case and you are having trouble with installments, it may be a good idea to switch to monthly installments to balance out your expenses.

An application for increasing the number of due dates is made with an application for changing payment terms, which is on the application page.

If the borrower is in default, it is possible to negotiate to pay the part of the default that the borrower can handle, but add the remaining balance to the principal. In doing so, the balance of the loan increases and the payment burden consequently increases from what it was before the default. It is not possible to apply for this solution often, in addition to the fact that the possibility for agreements of this type can be limited by the mortgage limits and the approval of subsequent mortgagees.

An application for debt restructuring is made with an application for changing payment terms, which is on the application page.

In the case of a recent loan, the payment burden with equal installments of the principal is somewhat heavier than with an annuity loan. If there is a problem with the payment of a loan with equal installments, it may help to request a change in the terms so that installments are based on equal payments. However, you have to keep in mind that annuity loans are more expensive than loans with equal installments in the end.

An application for a change in loan type is made with an application for changing payment terms, which is on the application page.