The economic developments that we live in can bring urgent cash needs. For our urgent cash needs, the first organizations that come to mind are financial institutions, namely banks. However, in some cases, extra demands may come along in order not to have difficulty in loan payments.
For example, you may not want to use credit from banks and make instant payments when you need a loan. In such cases, deferred loans grow to our rescue.
What is Postponed Credit?
Postponed Loans means the postponement of the installments of loans received from banks. The process of adjusting the installment payments to be made after a credit withdrawal and making the loan available in this way is called deferred credit. For normal bank loans, installment payments will start one month after the loan is drawn.
For example, the first installment of a loan you received on 1 June will be on 1 July following the follow-up. This installment date may change as 10 plus minus 10 days in case you do with bank employees.
Postponement of credit installments will also help to improve your registry on the bank’s side, as it will provide a great convenience for your payments.
However, in general, it is correct to say that the banks postponed the loan installments for a maximum of 3 months. How are these loans used? What do I need to use these credits?
How to determine postponed loan maturity dates?
The maximum credit term specified by the AVB is 48 months for consumer and vehicle loans. By law, it is not possible for you to use personal loans for more than 48 months. Considering a 3-month deferred loan, an arrangement is required in this case.
For example, if you take a 48-month loan with a 3-month postponement, it is not legally possible, as it will take 51 months to end.
For this, the maturity of the loan will be reduced to 45 months at the application stage and will be completed in 48 months with a 3-month postponement. Otherwise, it is not possible to stretch the maturities.