How to change the payment date of a loan
Posted: Wed Feb 19, 2025 4:53 am
Have you taken out a bank loan, but for some reason you cannot make the next monthly payment? In this case, it is very important to avoid a delay, which with 100% probability will affect the state of your credit history (CH) and create problems with obtaining borrowed funds in the future. Today we will tell you how to postpone the date of the monthly payment on the loan, and where you need to go to do this.
How realistic is it to postpone the loan payment date?
The legislation does not regulate this issue and does not oblige banking organizations to postpone the monthly loan payment at the request or demand of the borrower. At the same time, many banks are lithuania mobile database accommodating and, if necessary, can "push back" the payment date if the client is unable to make the required amount according to the schedule. Remember that the bank is always interested in the return of its funds from the borrower. Even if the loan payment schedule has to be slightly adjusted if necessary.
Of course, the chances of postponing the payment date will be much higher for those borrowers who have not violated the terms of the loan and have not allowed delays. The conditions under which a loan payment can be postponed will depend on a specific banking organization. In particular, you may be required to provide a document confirming the fact that you have indeed found yourself in a difficult financial situation and are unable to pay the required amount on the day specified in the schedule. In any case, contacting the bank with a request to change the loan payment date is a much more reasonable solution than allowing a delay and receiving penalties from the lender.
We recommend that you always clarify whether it is possible to transfer a loan payment before signing the agreement at a bank branch and receiving the loan. Also keep in mind that some banks charge a fee for such a service.
How realistic is it to postpone the loan payment date?
The legislation does not regulate this issue and does not oblige banking organizations to postpone the monthly loan payment at the request or demand of the borrower. At the same time, many banks are lithuania mobile database accommodating and, if necessary, can "push back" the payment date if the client is unable to make the required amount according to the schedule. Remember that the bank is always interested in the return of its funds from the borrower. Even if the loan payment schedule has to be slightly adjusted if necessary.
Of course, the chances of postponing the payment date will be much higher for those borrowers who have not violated the terms of the loan and have not allowed delays. The conditions under which a loan payment can be postponed will depend on a specific banking organization. In particular, you may be required to provide a document confirming the fact that you have indeed found yourself in a difficult financial situation and are unable to pay the required amount on the day specified in the schedule. In any case, contacting the bank with a request to change the loan payment date is a much more reasonable solution than allowing a delay and receiving penalties from the lender.
We recommend that you always clarify whether it is possible to transfer a loan payment before signing the agreement at a bank branch and receiving the loan. Also keep in mind that some banks charge a fee for such a service.