Themis introduces new NPL plan to protect primary residences

10:11 - 01 September 2023

Companies

Themis Portfolio Management Limited (Themis) has introduced an innovative debt restructuring product aimed at security borrowers’ primary residences worth up to €350,000.

It said it was part of its commitment to work with borrowers to find quick, transparent, and mutually agreeable solutions for credit facility settlements.

The product targets borrowers who have been unable to meet their repayments until now and/or whose debt has significantly exceeded the value of their primary homes.

It offers a fixed interest rate for 3 or 5 years, which converts to a variable rate after the fixed period expires, monthly installments that align with the borrower's financial capabilities, and a repayment term of up to 25 years, provided that the borrower's age does not exceed 70 years.

“Themis believes that this initiative is the most targeted and clear-cut, and hopes that borrowers will seize this opportunity to resolve an issue that has been troubling them for many years,” the company said.

Themis introduces new NPL plan to protect primary residences

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