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Rescheduled Loans

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Rescheduled loans
Bank loans that are usually altered to have longer maturities in order to assist the borrower in making the necessary repayments.

Rescheduled Loan
A loan made to a borrower where the lender has extended the repayment period. Rescheduled loans are most common when the borrower informs the lender that he/she will be unable to repay the loan in time, or when the borrower cannot afford payments. Because a default would hurt both the borrower and the lender, the lender often works with the borrower through options, such as rescheduling the repayment.


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But as interest charges were added to rescheduled loans, the debt of many of the world's poorest countries continued to swell.
Problematic assets are defined as the sum of nonperforming, restructured and rescheduled loans, loans 90 days past due and foreclosed assets.
Earlier Thursday, State Bank Governor Muhammad Yaqub asked the heads of the commercial banks to furnish details of the outstanding loans and rescheduled loans to politicians and parliamentarians.
 
 
 
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