Repayment of loan
Types of repayment, supported repayment forms, etc., should be inquired directly with EDC. If the guarantee is utilized, you will need to clarify these details with your immediate lender, who has used the EDC guarantee as an additional guarantee that the loan will be adequately serviced and repaid.
Conditions of loan extension
Loan and renewal terms must be obtained from EDC in all cases.
Note: All lenders support negotiations before the collection process, and there is a way to find a solution if the borrower is cooperative.
Early payoff
For more information on the repayment process, contact EDC. As a rule, lenders allow early repayment in accordance with general practice.