BQK's decision, here's how you can postpone the loan tranche

The CEC, along with the Kosovo Banks Association, has jointly decided that for businesses and individuals who, due to the situation created in the country and the decline in their level of revenues, will be allowed to suspend credit installment payments from March 16th 2020 to April 30th 2020, and depending on the situation, this suspension will be considered for longer.

But how do we postpone the loan tranche?

Creditees, who have faced financial difficulties, as a result of the decline of personal or business revenues, must contact their banks and apply for suspension of kdue payments «credit.

Those who do not make any kind of request, payment of installments will be made as usual in their dates as set out in the contract with the bank.

Credit installments will be reviewed for all cases separately with the aim of helping their clients overcome the situation. So the bank may not approve all demands.

In bank approval cases, punitive credit-related interests will not apply in this period. During this period, creditmakers will not apply to the deterioration of the credit rating.

In such circumstances, in the case of suspending credit payments, the CEC has taken all necessary legal measures to prevent loans from being classified, not required additional bills, and not classified as trouble loans in the Credit Register.