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All you need to know about 
debt refinancing

Debt refinancing is the process of procuring a new loan with favourable terms to pay off a previous loan.

It is not only available to corporates but also individuals.

The reason for refinancing could be that the interest rates in the market have been on a downward slope.

Borrowers must consider the expenses and/or penalties arising out of prepayment before opting for a refinancing option.

Debt restructuring is another form of debt reorganisation.

Adani Group that is battling with Hindenburg crisis will announce its debt refinancing plans for Adani Transmission in a few weeks.

Debt restructuring refers to making changes in the existing contract to suit its financial situation.

Refinancing is feasible only when the borrower's credit score is high, enabling them to procure a fresh loan at a lower rate of interest.

There could also be some processing charges on account of new loan.

Debt refinancing and restructuring are efforts to strengthen the financial position.

Click here to know more about debt refinancing. 

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