Rescheduled loans

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.
References in periodicals archive ?
The privilege package also provides that a maximum 9 percent interest will be charged on the rescheduled loans and the tenure for the repayment is 10 years with a grace period of one year.
There has also been an increase in rescheduled loans in 2017 and in 1Q18 across Fitch-rated banks, indicating ongoing pressure on asset quality.
Meanwhile, Finance Minister Ezzeddine Kanakriyah indicated the USD 2.5 billion worth of aid -- pledged at the summit -- includes one USD billion value of a deposit in the central bank, USD 500 million for the treasury and the remaining are soft loans and rescheduled loans. The grant for the state treasury will help in executing development schemes and the deposit at the central bank will boost foreign currencies' reserves.
But he said that the treatment of the rescheduled loans, which is done under prudential regulations that are publically available, is the responsibility of the central bank.
The ratings are constrained by recent rises in the NPL portfolio and in the stock of restructured and rescheduled loans, as well as by volatility in comprehensive income.
The regulations provide that UAE banks must make monthly reports to the Central Bank on their loan provisions, overdue or rescheduled loans.
The overall rescheduled loans in the banking system declined by 15 per cent last year.
Despite this expected stabilization, Moody's also notes that elevated single-party and industry concentrations, in conjunction with opacity regarding the level of restructured and rescheduled loans, continue to remain key downside risks for system asset quality.
Despite this expected stabilisation, Moody's also noted that elevated single-party and industry concentrations, in conjunction with opacity regarding the level of restructured and rescheduled loans, continue to remain key downside risks for system asset quality.
The fact that the credit indicator remains above the threshold is primarily associated with the loan rescheduling process taking place, as the rescheduled loans are treated as new flows, rather than provision of new credit," it said.
Banks will extend the best possible terms for rescheduled loans to improve the economic viability of the discoms.
And I understand that some of the money they agreed to let out of their grasp were not new loans as they would be interpreted commonly, but rescheduled loans and the like.