Common use of Rescheduling Clause in Contracts

Rescheduling. 8.1. Customers shall have the right to apply for a re-scheduling of the repayment date of instalments payable in respect of a Loan by a period of thirty (30) days in respect of a maximum of one (1) instalments per Loan. In the case of Loans payable in two (2) instalments, rescheduling is only available in respect of the second instalment. The application for re-scheduling of the repayment date can be submitted via the Common Messaging Services (such as Email), and shall be subject to approval by Ferratum which is entitled to reject such application without assigning any reason.

Rescheduling. 8.1. Customers shall have the right possibility to apply for a re-scheduling of the repayment date of instalments payable in respect of a Loan by a period of thirty (30) days in respect of a maximum of one (1), two (2), three (3) and four (4) instalments per Loan. In the case of Loans payable in two (2) instalments, rescheduling is only available in respect of the second instalment. The application for re-scheduling of the repayment date can be submitted via the Common Messaging Services (such as Email), and shall be subject to approval by Ferratum which is entitled to reject such application without assigning any reason.