Interest Payment Is Paused for Katseli Law Debtors
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Smaller installments with essentially zero interest and faster repayment for more than 100,000 informed borrowers of the Katselis law are brought by the legislative regulation of the Ministry of National Economy and Finance. The main change concerns the method of calculating interest. From now on, it will be calculated on the monthly installment set by the court and not on the total balance of the debt. This means a smaller monthly burden for co…
"The Supreme Court's decision on borrowers of the Katselis law leaves no room for interpretation. It is clear that interest is calculated on the monthly installment and not on the principal due and has retroactive effect, as the KKE had requested with its amendment from July 2024, an amendment that the ND government rejected, while all other parties had swallowed their tongues," the KKE states. "The fact that the ND government, which, like the p…
The legislative provision - "respite" for thousands of debtors of the Katselis law, which was submitted by the Ministry of National Economy and Finance, provides, among other things, for a retroactive "cut" in installments and faster repayment...More...
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