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The obligation to make repayments (including interest and commission) on loans granted to borrowers prior to March 30th, 2020 (the date of entry into force of Emergency Ordinance no. 37/2020) may be suspended, upon request by the debtor, for a period of up to 9 months, albeit without exceeding the date of December 31st, 2020.
This facility is available to debtors (natural persons, self-employed, small and medium-sized enterprises, etc.) whose loans have not matured and for which the creditor has not provided an expected maturity date by March 30th, 2020.
Source: Emergency Ordinance no. 37/2020 regarding the granting of facilities for loans granted by credit institutions and non-bank financial institutions to certain categories of debtors, published in the Official Gazette no. 261 on 30 March 2020.
Last update: 4 Mai 2020
