What Is Loan Repayment Loan Repayment for the first year, you have already covered the principal debt for one and a half years, and the loan amount will not decrease, but only increase due to new interest.To ease the burden of payments, it is better to use the services of restructuring to increase the maturity, decrease the monthly payment, and the amount of additional interest will not be significant visit site for more information. There are times when you still need a new loan of a larger amount to cover the old one, and so that there is still enough for the planned needs. Before applying for a new loan, you must decide in the same bank to be "refinanced" or by another. Accordingly, it is necessary to study the lending conditions of several banks and choose the ones that are suitable for you. Having decided, you need to contact the bank with which you have already concluded a loan agreement and clarify information about the amount of debt and interest on the loan (this...