Should a person pay for a loan during a war?

Formally, it is impossible not to pay the loan in full during the war. Although fines have been canceled for overdue payments, the debt itself will have to be repaid.

According to the law adopted during the period of martial law, banks do not have the right to charge fines or penalties for late payment of loans. However, the principal amount of the debt and accrued interest remain valid.

Therefore, if there is an opportunity to continue paying on the loan, it is better to do so. After all, after the end of the war, all debts to the bank will still have to be returned.

An alternative may be to arrange a credit holiday, which involves a temporary postponement of payments. The decision to grant such vacations is made by the bank.