Yes, you can reschedule a loan to a later date as long as the request is made at least five (5) business days before your original repayment date. However, if your loans are amortized, you cannot reschedule your due dates and you will have to follow the original payment schedule. Please be advised that all rescheduling requests are subject for approval.
If you have a rescheduled loan plan, this might also be the cause why you are unable to draw your funds. Please see conditions below for rescheduled payments:
- If your rescheduled loan plan is a bullet loan plan (one-time payment), you may still draw funds for as long as your credit line is not locked.
- If your rescheduled loan plan is for an amortizing loan plan, you need to settle the rescheduled amortization/repayment first in order for you to be able to draw funds again.
- If your rescheduled loan plan is a restructured loan plan, you need to settle 50% of the your total principal balance in order for you to be able to draw funds again.
Should you need further clarification, please contact your Relationship Manager or our Repayments Team by dialing our hotline number 8580-3200. You may also click on the meeting link in your e-mail reminder to schedule a call with the Repayment Team.