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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.
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This includes the loan amount, the repayment period, the amount of each repayment installment, the interest rate if any, consequences of non-repayment etc.
Rescheduling a loan at Zidisha is simply an option for borrowers to adjust their weekly repayment installment amounts up or down to accommodate changing financial circumstances.
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.
As to tranche warfare, it is obviously a play on "trench warfare" and is likely to be applied to over-the-top fights about installments of bailouts or repayments of debt.
The rules also would cover many so-called installment loans that have longer repayment periods but still charge an annual rate higher than 36percentt.
Repayment is made in a lump sum at maturity or in installments throughout the life of the loan.
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