LOAN RESTRUCTURING AND LOAN RESCHEDULING IN ZOGHORI SACCO

Loan restructuring and loan rescheduling are financial strategies that help borrowers manage their debts more effectively, especially when facing financial difficulties.

• Loan Rescheduling

This involves extending the loan tenure, which reduces the monthly installment amount. This allows borrowers to make smaller payments over a longer period, making repayment more manageable. However, it may result in higher overall interest payments.

• Loan Restructuring

This is a more comprehensive modification of the loan terms. It can involve changing the interest rate, converting a short-term loan into a long-term one, or even altering the repayment structure entirely. This is often used when borrowers are under severe financial stress and need significant changes to avoid defaulting.

DOES ZOGHORI SACCO ALLOW LOAN RESTRUCTURING AND LOAN RESCHEDULING?
YES. We allow our members to do that to cushion them from the adverse economic times and ensure they manage their loan repayments with ease as they navigate the financial challenges. This would help the members to maintain their proper credit history and maintain good terms with the Sacco whenever things are not working out for them financially. For these services and many more, call us or WhatsApp us on 𝟬𝟳𝟮𝟬𝟲𝟭𝟱𝟬𝟲𝟮 𝗼𝗿 𝟬𝟳𝟯𝟮𝟲𝟭𝟱𝟬𝟲𝟮

Use our custom loan calculator here: https://zoghorisacco.com/loan_calculator.php