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Reschedule policy
The objective of this policy is to support customers facing temporary or permanen repayment difficulties and enables repayment at a reduced level by aligning the payment plans with their current income and or reduced cash flow levels.Such customers, who are willing to pay their instalments on time but a lower amoun than the original minimum due amount, fall under the collection segment which is categorized as "Low Ability BUT with an Intent to Pay". Following are the tools to enable customers to pay i. Debt Burden Ratio reduction (Including external liabilities): For these customer payment amounts are reduced from current DBR levels to lower to enable them to repay their debts due to aggressive lending prior to implementation of credit bureau and job loss, salary reduction and erosion of family income. i. Tenor Extension: Extended tenors from current 4 years up to 7 years or in exceptional cases higher for unsecured products. Tenor extension with no pricing or EMI change will be considered as rescheduling. For National loans and mortgages allowing step up EMI to enable customer to pay and with increased income in future including rentals and other sources EMI can be increased. ill. For Mortgages in select situations balloon payments will be allowed as the property value will provide cover for future inability to pay and there will be no provision impact. Governance involved in provisioning is strengthened with IFRS9 implementation, therefore the primary objective of the below restructuring will be to offer renegotiated payments and facilitate repayments where customer has genuine request, intent and repayment ability. Credit Cards & Unsecured PIL - Current strategy is to have an increased collection focus in early buckets especially up to 29dpd as a result of IRS 9 policy implementation during 2018. Primary objective is to collect money from customers in early buckets and get more saves on provisions under the IRS 9 rules. - Currently the customers are repaying a high rate of interest along with late payment fee of AED 275 and over limit fee of AED 275 approximately amounting to 4-4.5%. Background - As per hierarchy of payment application for up to 180dpd, all payments are apportioned towards the repayment of interest first. - Since these customers have a higher likelihood of going to losses our objective is to provide them with lower EMI at reduced ROl to enable them to service their repayment and assist the bank in recovery of the principal outstanding. Objective and criteria
Request for restructure will be considered based on situation of the customer and based on their inability to repay their current minimum dues. Various situations could arise with few being listed below: - Lost job and got a new job with a reduced salary - Taken a salary cut in their current job - Over-leveraged of 2015 & prior booking - Lost job but with guarantor - Family income decreased due to spouse job loss Skip customer but guarantor in UAE Conditions: - No payment has been made last month due to his/her inability and is willing to make a payment at least equal to the proposed EMI Selectively based on situations, customers who have made one payment covering the proposed EMI during the last 30 days may be considered prior to approving their request for restructure. Maximum tenor 72 months
it customer requests for a repeat restructures it will be considered selectively on a case to case basis, based on worsening of financial situation from the last restructure. One payment at least equal to the proposed EMI should have been made by the customer during the last 30 days prior to approval. Customer should have demonstrated payment intent by making total of 6 EMI payments since the earlier restructure was offered. If customer has paid 6 EMI, and comes for a repeat request, the reason should be validated by the Collection Officer - If the customer has not repaid 6 EMIs, then the repeat request will be considered with a reduction of new EMI being more than 20% lower than previous EMI. (Reduction of EMI could be through customer payments or through Waiver of IIS & Principal along with reduced ROI - Any customer who has been given a principal waiver during the earlier request will not be supported for any repeat restructure request unless there is a genuine documented reason of default approved by HOCC. The basic principle of restructuring or rescheduling is to support customers to pay their debt where a customer is able to service its debt and there is an intention to pay. In no circumstances restructure or repayment should be used as tools to keep the lending book ever-green reflecting artificially low risk profile. Performance of restructured and repeat restructured loan book should be presented to PBCC being a high risk portfolio segment. ROI for cards & unsecured pil: ROl for cards will be based on lowest scheme for BDU. Shorter tenors up to 12 months can be considered at 0%. ROI for unsecured PIL will be existing rate
Documentation: Following documentation will be obtained: - Customer request plus loan application for unsecured PIL Valid PP, Visa and EID (If customer has changed job recently, Visa under process is acceptable) - Income Proof details Salary certificate (60 days validity) OR 1 month pay slip (any 1 month over last 2 months) OR o Offer letter (60 days validity) in case of change in employment Security cheque
Additional Remarks Customers having salary transfer to FAB with an existing loan EMI covering 50% of salary will be considered for a standalone payment plan against the credit card if the consolidation of liabilities cannot be considered based on loan eligibility limits being maxed out. Customer request can be converted into a payment plan under the existing card scheme or clubbed with personal instalment loan. Customers request for consolidation of the multiple cards into one facility and or PIL liability along with the credit card will be considered. Deferral: Purpose: Deferral of future instalments, not exceeding 2 in 12 months, for cases identified from the stop salary report in case of temporary salary stoppage and extending the tenor accordingly. Documented evidence of "temporary" salary stop to provide EMI deferrals.Extended loan tenor - maximum 84 months Initial 6 EMIs from original disbursement should hav been paid - Customer age at full maturity - UAE national - 65 years and Expat - 60 years
Provide the customer with lower EMI at reduced overall DBR to enable them to service their repayment at current income levels and assist the bank in recovery of the outstanding amount EMI deferral can only be done of future EMI after overdue is settled
Purpose: Restructuring a delinquent loan by reducing the EMI till ft maturity or for shorter time step-up instalment plan* an extending the tenor accordingly by keeping the discounted cas flows of the facility resulting from the restructuring are equal to o greater than the discounted cash flow at the time the facility wa granted.ROI & Tenor Minimum of lowest Prevailing rate Reduced pricing to be approved by HOCC Maximum tenor 300 months subject to customer age maturity meeting criteria
Documentation Deferments/Postponement Request letter by customer Restructure with Balloon payment All documents as required for new loan booking
Monthly cap on booking Not applicable as the loans are backed by collateral & due t the variation of ticket size
Deferral for subject mentioned categories will allow One time during the year only with support documentation to be provided.Extended loan tenor - maximum 84 months Initial 6 EMls from original disbursement should have been paid Customer age at full maturity - UAE national - 65 years and Expat - 60 years EMI deferral can only be done of future EMI after overdue is settled
Reschedule: Conditions:
Reschedule: Conditions:
Documentation: Same as Section A.
Personal Instalment Loan (Salary Transfer Loan: Expats & UAE National) - 48/60 months Term Loan
Objective and criteria Deferral: Criteria - Salaried customer with temporary default: Conditions: No change on original terms and conditions (same salary, employer category, etc.).Valid EID Updated AECB and CBRB report to be obtained to ensure that external debts, if any, will not impact the proposed restructuring
Additional remarks ESF and processing fee to be waived, wherever applicable ROl to be based on existing customer rate or existing rate of the loan being restructured.Whenever possible, a guarantor to be obtained Convert existing NPPs to DR against salary/pension transfer with lower MI at reduced overall DBR to enable them to service their repayment at current income levels and assist the bank in recovery of the outstanding amount and maximum tenor of 240 months.Restructure original repayment plan to match existing cash flow (rental or other sources) either by reducing instalments or revising payment schedule with changes in pricing and/or final maturity date For salaried self-use i.e. owner-occupied customers to align repayments based on revised income in situations where income is reduced due to change in job or reduction in family income.- Provide the customer with lower MI at reduced overall DBR to enable them to service their repayment at current income levels and assist the bank in recovery of the outstanding amount First resumed salary to be credit (after discontinuation of initial STL) or obtain STL from new employer.MOA and/or POA to be provided with all amendments thereof and notarized Board Resolution Requirement for valid TL, MOA, Tenancy Contract, PP & EID to be waived if o o Legal action is initiated & renewal of these docs have been confirmed not to be possible.Restructure original repayment plan to match existing cash flow (rental or other sources) either by reducing instalments or revising payment schedule with changes in pricing and/or final maturity date For MBBF- self use offices restructure based on revised business cash flows and income from other investments.ROI & Tenor Restructure on existing rate of interest of loan or current customer rate i.e., product rack rate, will be done Maximum tenor will be 84 months
Criteria Long Term Loans (National Loans & Home Improvement Loan)
Delinquent National Loans customer where salary transfer to FAB has resumed or salary transferred to other bank or customer is having defined regular income.- Extended loan tenor - maximum 240 months
Eligibility Deferments/Postponement & Reschedule /Restructure with Balloon payment Conventional & Islamic Mortgage Loans
Proposed restructuring: NP and salary reduced cases fully provided loans with salary transfer to FAB: Customer repayment levels to be aligned to recover the EMls however, customer should not have room to borrow more.Rescheduling will be done within the below parameters: Credit Cards & Unsecured PIL
Objective and criteria
The objective is to provide customers with extended tenor to enable them to service their repayment and assist the bank in recovery of the principal outstanding.*loan that offers varying equated monthly installments (EMIs) spread over the loans tenure, i.e. the EMI is lower in the initial years, but over time the EMI increases.Objective
Additional remarks Deferral for subject mentioned categories will allow One time during the year only with support documentation to be provided.The above list is not all-inclusive, and other indicators may need to be considered on a case to case basis
Restructure to be considered only if the below standards are met
Term Loans
Reschedule policy
The objective of this policy is to support customers facing temporary or permanen repayment difficulties and enables repayment at a reduced level by aligning the payment plans with their current income and or reduced cash flow levels. As a result of continued deterioration in the market conditions, customers have been approaching banks to offer renegotiated payment plans. This policy will apply across FAB group (Islamic and DF).
Such customers, who are willing to pay their instalments on time but a lower amoun than the original minimum due amount, fall under the collection segment which is categorized as "Low Ability BUT with an Intent to Pay".
Following are the tools to enable customers to pay i. Debt Burden Ratio reduction (Including external liabilities): For these customer payment amounts are reduced from current DBR levels to lower to enable them to repay their debts due to aggressive lending prior to implementation of credit bureau and job loss, salary reduction and erosion of family income. i. Tenor Extension: Extended tenors from current 4 years up to 7 years or in exceptional cases higher for unsecured products. Tenor extension with no pricing or EMI change will be considered as rescheduling. For National loans and mortgages allowing step up EMI to enable customer to pay and with increased income in future including rentals and other sources EMI can be increased. ill. For Mortgages in select situations balloon payments will be allowed as the property value will provide cover for future inability to pay and there will be no provision impact.
Governance involved in provisioning is strengthened with IFRS9 implementation, therefore the primary objective of the below restructuring will be to offer renegotiated payments and facilitate repayments where customer has genuine request, intent and repayment ability.
Credit Cards & Unsecured PIL - Current strategy is to have an increased collection focus in early buckets especially up to 29dpd as a result of IRS 9 policy implementation during 2018. Primary objective is to collect money from customers in early buckets and get more saves on provisions under the IRS 9 rules. - Currently the customers are repaying a high rate of interest along with late payment fee of AED 275 and over limit fee of AED 275 approximately amounting to 4-4.5%. Background - As per hierarchy of payment application for up to 180dpd, all payments are apportioned towards the repayment of interest first. - Since these customers have a higher likelihood of going to losses our objective is to provide them with lower EMI at reduced ROl to enable them to service their repayment and assist the bank in recovery of the principal outstanding.
Objective and criteria
Request for restructure will be considered based on situation of the customer and based on their inability to repay their current minimum dues. Various situations could arise with few being listed below: - Lost job and got a new job with a reduced salary - Taken a salary cut in their current job - Over-leveraged of 2015 & prior booking - Lost job but with guarantor - Family income decreased due to spouse job loss Skip customer but guarantor in UAE Conditions: - No payment has been made last month due to his/her inability and is willing to make a payment at least equal to the proposed EMI Selectively based on situations, customers who have made one payment covering the proposed EMI during the last 30 days may be considered prior to approving their request for restructure. Maximum tenor 72 months
it customer requests for a repeat restructures it will be considered selectively on a case to case basis, based on worsening of financial situation from the last restructure. One payment at least equal to the proposed EMI should have been made by the customer during the last 30 days prior to approval. Customer should have demonstrated payment intent by making total of 6 EMI payments since the earlier restructure was offered. If customer has paid 6 EMI, and comes for a repeat request, the reason should be validated by the Collection Officer - If the customer has not repaid 6 EMIs, then the repeat request will be considered with a reduction of new EMI being more than 20% lower than previous EMI. (Reduction of EMI could be through customer payments or through Waiver of IIS & Principal along with reduced ROI - Any customer who has been given a principal waiver during the earlier request will not be supported for any repeat restructure request unless there is a genuine documented reason of default approved by HOCC.
The basic principle of restructuring or rescheduling is to support customers to pay their debt where a customer is able to service its debt and there is an intention to pay. In no circumstances restructure or repayment should be used as tools to keep the lending book ever-green reflecting artificially low risk profile. Performance of restructured and repeat restructured loan book should be presented to PBCC being a high risk portfolio segment.
ROI for cards & unsecured pil:
ROl for cards will be based on lowest scheme for BDU. Shorter tenors up to 12 months can be considered at 0%. ROI for unsecured PIL will be existing rate
Documentation:
Following documentation will be obtained: - Customer request plus loan application for unsecured PIL Valid PP, Visa and EID (If customer has changed job recently, Visa under process is acceptable) - Income Proof details Salary certificate (60 days validity) OR 1 month pay slip (any 1 month over last 2 months) OR
• Offer letter (60 days validity) in case of change in employment Security cheque
Additional Remarks
Customers having salary transfer to FAB with an existing loan EMI covering 50% of salary will be considered for a standalone payment plan against the credit card if the consolidation of liabilities cannot be considered based on loan eligibility limits being maxed out. Customer request can be converted into a payment plan under the existing card scheme or clubbed with personal instalment loan. Customers request for consolidation of the multiple cards into one facility and or PIL liability along with the credit card will be considered.
Deferral: Purpose: Deferral of future instalments, not exceeding 2 in 12 months, for cases identified from the stop salary report in case of temporary salary stoppage and extending the tenor accordingly. Documented evidence of "temporary" salary stop to provide EMI deferrals. If the occurrence of salary stop happens more than once in 12 months no repeat deferrals will be allowed. Credit to note that such loans with more than one incident of salary and stop should not be given top up loans.
Criteria - Salaried customer with temporary default: Conditions: - No change on original terms and conditions (same salar employer category, etc.). Extended loan tenor - maximum 84 months Initial 6 EMIs from original disbursement should hav been paid - Customer age at full maturity - UAE national - 65 years and Expat - 60 years
Provide the customer with lower EMI at reduced overall
DBR to enable them to service their repayment at current income levels and assist the bank in recovery of the outstanding amount
EMI deferral can only be done of future EMI after overdue is settled
Purpose:
Restructuring a delinquent loan by reducing the EMI till ft maturity or for shorter time step-up instalment plan* an extending the tenor accordingly by keeping the discounted cas flows of the facility resulting from the restructuring are equal to o greater than the discounted cash flow at the time the facility wa granted. Deferral of overdue EMI will not be given on the same loan. Only after customer settles the overdue or restructure as per criteria is completed the cooling period of up to 2 months can be given.
*loan that offers varying equated monthly installments (EMIs) spread over the loans tenure, i.e. the EMI is lower in the initial years, but over time the EMI increases. It can be applied on all products except the credit card. Step up option is only available in the LD module of T24, which means that if the loan originated in the MG module you will have to close it and reopen it in the LD module.
Salary reduction in current job or new job
Salaried customers with multiple products within group - Consolidating customers FAB liabilities under one loan.
Conditions:
Passport, Visa and EID copy. If customer has changed job recently, Visa under process is acceptable)
ROI & Tenor
Restructure on existing rate of interest of loan or current customer rate i.e., product rack rate, will be done
Maximum tenor will be 84 months
Criteria
Long Term Loans (National Loans & Home Improvement Loan)
Delinquent National Loans customer where salary transfer to FAB has resumed or salary transferred to other bank or customer is having defined regular income.
Criteria
Proposed restructuring:
NP and salary reduced cases fully provided loans with salary transfer to FAB:
Customer repayment levels to be aligned to recover the EMls however, customer should not have room to borrow more.
Regular salary/pension credit reflected in payroll account.
Whenever possible, a guarantor to be obtained Convert existing NPPs to DR against salary/pension transfer with lower MI at reduced overall DBR to enable them to service their repayment at current income levels and assist the bank in recovery of the outstanding amount and maximum tenor of 240 months.
Buyout to transfer salary to FAB can be done up to 10% of outstanding not exceeding AED 300K.
Customers on existing DRP with balloons can be restructured with balloons based on revised income and DBR.
For fresh flow customers where the pension income takes 3-4 months to resume and customer is eligible for restructure within approved DBR of 30% and tenor based on revised pension income, in such cases for fresh retirement a restructure and postponement of EMI till pension resumption to be done.
No waivers to be done.
Non NPP cases with step up payment plan due to reduced salary or conversion to pension can be considered with maximum tenor 240 months
Postponement of EMI can be done in bucket 1 where customer is expecting EOSB in the next 2 months. This can be done only if EOSB covers the loan.
Postponement of EMI can be done in bucket 1 where customer is expecting EOSB in the next 2 months. This can be done only if EOSB covers the loan.
Provide short relief (up to 12 month ) for customers who are
(1) currently jobless, or (2) employed but salary reduced - selectively for certain customers who, considering their profile, we believe, will be able to find another job or improve their existing salary with current or another employer.
Restructuring for max. 12 month period and EMI during this period will be not less than 25% of his current EMI. Balance of the loan will be booked at zero interest and will mature at the end of the short period. After this period or earlier if salary resumed/increase, the balance loan will be converted to regular loan with prevailing rate of interest.
Greater than 12 month tenor to be considered as exceptions supported by documentary proof and acceptable justification and to be approved by HOCC.
Documentation:
Salary Transfer letter from new Employer with the normal national loans documentation.
Additional documents for restructuring against DDA:
3 month bank statement showing regular income / salary.
Salary certificate or Trade license to proof ownership of business.
Valid EID
Updated AECB and CBRB report to be obtained to ensure that external debts, if any, will not impact the proposed restructuring
Additional remarks
ESF and processing fee to be waived, wherever applicable
ROl to be based on existing customer rate or existing rate of the loan being restructured.
Objective
Deferments/Postponement
Criteria:
Delay in rental income: To match due dates with the rental income since majority of them are delinquent due to mismatch between rental and due dates.
Vacant properties (under FAB properties management or approved property management companies):
In case property management is transferred to FAB properties and confirmation received from FAB properties on rental receipts within 3 months the same can be considered. However this should not be to defer provision - only customers up to 60DPD may be considered with HOCC approval
Restructure Criteria
May be a combination of deferral and restructuring.
ROI & Tenor
Minimum of lowest Prevailing rate
Reduced pricing to be approved by HOCC
Maximum tenor 300 months subject to customer age maturity meeting criteria
Documentation
Deferments/Postponement
Request letter by customer
Restructure with Balloon payment
All documents as required for new loan booking
Monthly cap on booking
Not applicable as the loans are backed by collateral & due t
the variation of ticket size
Deferral for subject mentioned categories will allow One time during the year only with support documentation to be
provided.
Business Banking- CRE/MBBF
Objective
Deferments/Postponement
Defer the current
overdue up to 60DPD to match the date of rental receipts in order to avoid flow to higher delinquency or to resolve a classified loan based on account level.
Verify the rental receipts through cheques.
Restructure original repayment plan to match existing cash flow (rental or other sources) either by reducing instalments or revising payment schedule with changes in pricing and/or final maturity date
For MBBF- self use offices restructure based on revised business cash flows and income from other investments.
Deferments/Postponements
Criteria:
Delay in rental income: to match due dates with the rental income since majority of them are delinquent due to mismatch between rental and due dates.
Vacant properties (under FAB properties management or approved property management companies): In case property management is transferred to FAB properties and confirmation received from FAB properties on rental receipts within 3 months the same can be considered. However this should not be to defer provision - only customers up to 60DPD may be considered with HOCC approval
DSCR of 115% to be required.
Unless there is a deferral component, final maturity date to be retained
Eligibility
Deferments/Postponement & Reschedule /Restructure with Balloon payment
Conventional & Islamic Mortgage Loans
Documentation
Reschedule /Restructure
Additional remarks
Deferral for subject mentioned categories will allow One time during the year only with support documentation to be provided.
Business banking term loans & TWC
Criteria
Key criteria is to check if borrower/customer is really experiencing financial difficulties that warrants restructure of facilities. Restructure to be considered only for clients who
face financial difficulties and not in a position to repay the debts as per the present repayment/approval terms.
Financial difficulty of a borrower can be assessed by the below indicators.
Client is currently in default on any of its debt or is likely to be in default in the near future without restructure of the facilities.
Client has declared or is in the process of declaring bankruptcy.
Present cash flows are insufficient to service debt in accordance with existing loan agreement.
Reduction in POS receivables
Client is nearing bankruptcy or substantial doubt on continuity as a going concern.
The above list is not all-inclusive, and other indicators may need to be considered on a case to case basis
Restructure to be considered only if the below standards are met
Term Loans
TWC Facilities
Borrower should have demonstrated performance under existing approval terms and conditions. This assessment to include
• Consideration of borrower's historical repayment performance for a reasonable period of 6 months prior to restructure.
Compliance to covenants if any including routing of turnover through our bank, financial covenants
including gearing, leverage, max number of banks, financial submission timelines, etc.
Check on the facility with other banks including the repayment history. Need to assess if non-restructure of facility by other banks will impact customer and affect our repayments in long run.
Understand the circumstance that demand restructure of facility
Liquidity stress can be of multiple reasons. We need to check if the same is an overall impact across the industry or specific to our borrower due to (1) diversion of funds outside the business (2) non-realization of receivables (3) stuck up on inventory ...etc.
• Is there any possibility to revive the relationship based on the current scenario and healthy discussion is place where client co-operates towards restructure on best possible terms.
Borrower's capacity to meet the restructured terms and conditions:
• Client should have clear vision towards achievement of requested restructure.
• Clear _source of repayment towards proposed restructure supported by cash flow projections.
Willingness of the client for partial settlement of liabilities to restructure the bank liability.
•
• Provide secondary source of repayment to service the liability. Eg: non-operative incomes including real estate rental incomes.
Willingness of the client to provide additional security to support the restructure:
Tangible collaterals including FD build up/mortgage over properties to cover full/portion of bank exposure.
Additionai- guarantors (Company or Individual) to secure the bank liabilities. Guarantor should have visible source of funds indicating their ability to settle the bank liabilities in case of default in restructured
loan.
Confirmed assignment of receivables from their customers to support the repayment.
Processing Fees
Due to the efforts involved in the restructuring of TWC cases, we are introducing fee based restructuring of 0.25% for all TWC cases. Processing Fee will not be charged for other products. -
Mandatory Documents:
Customer request on Company's letterhead stamped and signed by Authorized signatory.
Valid Trade license, Passport copies and EID for Authorized signatory must be valid at disbursal.
-Requirement for valid TL, MOA, Tenancy Contract, PP & EID to be waived if:
Legal action is initiated & renewal of these docs have been confirmed not to be possible.
• Business ceased and proposed repayments to be serviced vide the personal income of the borrower.
Bank statement to review revised ability to pay.
Latest CBRB and AECB report.
Field visit by collections or credit delegated staff.
Two undated security cheque - 1 each on Owners Personal account (Expats only) and Company account, both for entire exposure being restructured. If any of these are utilized due to delay in payment, they must be replenished. If owner has no personal A/c, it may be opened with FAB, with only 1 cheque leaf to be issued, which must be held as Security Cheque for the entire exposure.
Proposed to be applied on best efforts basis and to ensure Co.'s UDC is drawn on FAB to facilitate swift criminal action proceeding.
Notarized POA for ABF reschedule on prefact basis
Best Effort Basis Documents:
Receivables ageing report, if available.
Last 2 years Audited financials, if available.
FAL's for Restructured Loans with other banks, if available.
Any additional collateral/comfort, if agreed by client, such as Mortgage Deed, Hypothecation of Stock, FDUL, Pledge of Shares, Corporate Guarantee & Personal Guarantee. On Best effort basis (besides those already held).
Statement of Expat Owner's Net Worth in UAE and abroad, if available.
Loan deferment
Maximum deferment of 2 loan instalments along with extension in loan maturity date subject to:
No past dues to be detected at the time of deferment
Loan tenor not to exceed 72 months.
B) Rescheduling Guidelines
Debt rescheduling may mean a delay in the due date(s) of required payments or reducing payment amounts by extending the payment period and increasing the number of payments.
Customers may request for temporary delay in repayments or extension of tenor with reduced repayment without any change in pricing and/or principal change. Although the circumstances maybe similar to the customers where we do restructure, there shall be no pricing and/or principal waiver.
Rescheduling will be done within the below parameters:
Credit Cards & Unsecured PIL
Objective and criteria
The objective is to provide customers with extended tenor to enable them to service their repayment and assist the bank in recovery of the principal outstanding.
Criteria:
-The basic principle of restructuring or rescheduling is to support customers to pay their debt if a customer is able to service its debt and there is an intention to pay. In no circumstances restructure or repayment should be used as tools to keep the lending book ever-green reflecting artificially low risk profile.
Performance of
restructured/rescheduled and repeat restructured/repeat rescheduled loan book should be presented to BCC being a high risk portfolio segment.
ROI for cards & unsecured PIL :
Credit Cards: Existing EPP rates, as applicable
PIL: No change in ROl
Documentation:
Same as Section A.
Personal Instalment Loan (Salary Transfer Loan: Expats & UAE National) - 48/60 months Term Loan
Objective and criteria
Deferral:
Criteria - Salaried customer with temporary default:
Conditions:
No change on original terms and conditions (same salary, employer category, etc.).
Extended loan tenor - maximum 84 months
Initial 6 EMls from original disbursement should have been paid
Customer age at full maturity - UAE national - 65 years and Expat - 60 years
EMI deferral can only be done of future EMI after overdue is settled
Reschedule:
Conditions:
Documentation:
Same as section A
ROI & Tenor:
Maximum tenor will be 84 months
Long Term Loans (National Loans & Home Improvement Loan)
Criteria.
Deferral:
Criteria - Salaried customer with temporary default:
Conditions:
No change on original terms and conditions (same salary, employer category, etc.).
Reschedule:
Conditions:
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تعتبر الموارد البشرية عنصرًا أساسيًا لنجاح المؤسسات، حيث تسعى لتبني أنظمة تحفيزية لرفع الروح المعنوي...
الوحدة األولىالقضية الفلسطينية حتى النكبةمقدمةتعتبلرالقضليةالفلسلطينيةلالقضليةالمركميلةاألوللىلعلربا...
"العدالة والتنمية" المغربي يحتج على استبعاد نص عن "فلسطين" من امتحان مدرسي وصلت تداعيات قرار استبع...