At first, we tried to solve this problem by offering borrowers in financial hardship the option of deferring scheduled repayment installments for a limited time.
If we assume that the ultimate repayment rate will continue to improve in proportion to the timeliness of early repayment installments, an ultimate repayment rate of between 85% and 95% would be a reasonable prediction for today's loans.
Under the terms of the program, buyers are required to make annual repayment installments of 62/3% of the credit they claimed over the next 15 years — and they're beginning to do so.
Those with peso accounts are to be treated more leniently, but they will not begin seeing their money for at least another two months and will also have to accept repayment in installments.
The deputy finance minister, Sergei Shatalov, had said that Yukos "theoretically" could stagger its mounting tax debt payments, but he added that that would have to be done by August, before a new law comes into force "under which the repayment in installments can be decided exclusively by the tax authorities," Interfax quoted him as saying.
With a deadline today to make the first installment on repayment of a $2.5 billion loan from the World Bank, the Ministry of the Economy has elected to dip into Argentina's foreign reserves.
Installment credit, also called Installment Plan, or Hire-purchase Plan, in business, credit that is granted on condition of its repayment at regular intervals, or installments, over a specified period of time until paid in full.
Paragraph (j)(3) of this section applies to any repayment of a loan in installments.
Amortization: The gradual repayment of a mortgage by installments, calculated to pay off the principal at the end of a fixed period of time.
