The approximately 930 borrowers who have expressed interest in participating in the Management Plan for terminated / matured / non-performing loans, to apply for a loan restructuring, before the deadline for submission of their intention, which is March 1, 2022, Central Equal Burden Distribution Agency (KFIKB) Loukia Efstathiou noting that around 1.600 borrowers have already submitted a loan restructuring application.
The Management Plan for terminated / matured / non-performing loans concerns loans that were granted with funds of KFIKB, through the Housing Financing Organization.
Specifically, in statements to KYPE, Ms. Efstathiou said that the people who expressed interest in participating in the Project were a total of 3.128, of which 597 people have requested full repayment of their loan obligations and will pay, in total, an amount of € 6.959.814 .XNUMX.
He stated that requests for loan restructuring continue to reach the KFIKB and added that "too many restructuring requests have been approved" which the Housing Financing Organization forwards to the General Accounting Office of the Republic for approval.
In particular, he stated that about 1.600 borrowers have so far submitted a request for restructuring of their loan, of which the Agency has reached a restructuring agreement with 1.200.
He added, however, that around 930 people, while they have expressed interest in participating in the Management Plan for terminated / expired / non-performing loans, have not yet come to the Institution to submit the necessary application for restructuring their loan.
At this point, the Director of KFIKB invited the approximately 930 borrowers to come to the Institution to complete an application for either settlement or repayment of the remaining capital of their loan, before the final margin expires to state their intention which is March 1. of 2022.
According to the provisions of the Plan, the borrowers who applied for participation in the Plan are given a schedule of 60 days from the date of the letter of information received from KFIKB to decide either to settle or repay the remaining loan principal with 1 March of 2022.
Those who do not request a settlement then their only option will be immediate payment. Immediate payment must be completed with one or more installments within 6 months from the date of the notification letter (final landmark 30/06/2022).
In cases of full payment, the approval of KFIKB is not required but the request is sent for approval to the General Accounting Office of the Republic.
As Ms. Efstathiou explained, the Institution, after receiving an application for restructuring of a loan, has the obligation to analyze the specific loan and to inform the borrower about the variation that will occur in his loan after deducting the interest and payments made by the start of payment of the loan (for example from 10.000 euros can be reduced to 8.000 euros).
Then, he added, the Institution will ask the borrower to state whether he will repay his loan in full immediately or will restructure the loan by paying monthly installments.
"It is a plan that is very much in the interest of borrowers who are facing financial problems," he stressed.
The Director of KFIKB expressed the hope that the borrowers who received approval to restructure their loan "to fulfill the obligations they undertake today, otherwise if at some point delays begin to occur", as she explained, "they will lose the right given to them to cancel part of of their loan amount "as a result of which they then pay higher loan installments.
"For this reason, the Agency's effort is to agree on a restructuring that the borrower can adhere to," Ms. Efstathiou told KYPE.
The last period of expression of interest for participation in the Plan of terminated / matured / non-performing loans, which covers loans that were overdue for more than 90 days as at 31 December 2019 as well as loans that have been restructured until 31 December 2019 and the restructuring solution does not follow , expired on September 30, 2021.