What happens if I can no longer pay the loan installments?

If you find yourself in the unfortunate position of being unable to pay your loan installments, it is highly advisable to contact your bank as early as possible. This is a crucial first step in addressing your financial situation. There are various ways to work with your bank to find a solution, such as adjusting the installment amounts to better match your current financial circumstances or temporarily deferring payments. These measures can help address your financial difficulties and prevent your property from being foreclosed by the bank.