A new Greek law, often referred to as the "Katselis Law," is set to significantly alter loan repayment terms for borrowers. The legislation provides for reduced monthly installments, retroactive crediting of overpayments made, and accelerated loan repayment schedules. The changes aim to alleviate financial strain on debtors and streamline the debt resolution process. Specific examples illustrate potential savings for borrowers, demonstrating the financial benefits of the reform. The law addresses various loan types and offers a framework for renegotiating existing debt agreements. Details are being clarified through a question-and-answer format to ensure accessibility and understanding for those affected. This represents a substantial shift in Greece’s approach to managing private debt.