No. On the anniversary date of your state-guaranteed loan, you will have the choice between repaying it in full or pay in installments over a period of 1 to 5 years. You can also repay only part of it and stagger the repayment of the balance over 1 to 5 years. Another possibility is to ask your bank to postpone for another year the time when you will have to start repaying the loan. But be careful, in this case, the repayment can then only be staggered over a maximum of 4 years because the maximum duration of a state-guaranteed loan is 6 years. You will therefore have to pay a higher amount each month to repay your loan.
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