Information about the moratorium
Payment obligation after the moratorium
- Except for overdraft facilities and credit cards, the interest and fee accrued during the moratorium, together with the instalments due in the remaining term, must be paid in equal annual instalments during the term after the expiry of the payment moratorium.
- Except for overdraft facilities and credit cards, after the expiration of the moratorium, the term shall be extended in a manner that the sum of the repayment due and the interests and fees accrued during the moratorium and repayable in instalments does not exceed the amount of the repayments as per the original agreement.
- If you decide that:
- you would prefer to pay a part or all of your interests and fees accrued during the moratorium in one sum, our bank will not charge a prepayment fee, and
- if, to reduce the extended term, you would agree to pay an instalment higher than that set in the amendment following the expiry of the moratorium – established by taking into consideration the rules pertaining to the payment-to-income ratio – no fees will be charged for the necessary amendment either.
- Our Bank provides the above options for requests submitted on or before 31 December 2022.
- Click here to access the official executive circular containing this information.
Our payment facilitation solutions
What do I have to do if my loan is secured by Loan Repayment Insurance?
The deferral of payment does not apply to insurance premiums, so these must be still be paid in order to ensure that the insured relationship is not cancelled. If you decide to avail yourself of the moratorium and stop paying the instalments any further, you will still have to pay the insurance premium. To maintain the continuity of the premium payment, please continue to transfer or pay the insurance premium to your account used for loan repayment or ensure that the insurance premium is available in your current account on the due date of your loan repayment, so that we can deduct it.
Information on the practice of forwarding data to the CCIS
As a result of the moratorium, CIB Bank will handle overdue debts pursuant to statutory requirements, furthermore, the transfer of data to the CCIS has been modified taking into account the statutory requirements. Details can be found at the bottom of the page in the material entitled CCIS Information available in the related documents.
1 Act LVII of 2020 on transitional rules and epidemiological preparedness related to the termination of the state of emergency, Act CVII of 2020 on transitional measures implemented to stabilise the situation of certain priority social groups and enterprises in financial difficulties.