Sri Raghul Associate

Which bank is giving automatic loan moratorium and which is not: Here's the list To pay this additional interest, you may get an option to either increase your loan tenure without increasing your EMI amount or increase your EMI amount without increasing your loan tenure or make a one-time payment of the interest in June month. While some banks and non-banking finance companies (NBFCs) are asking their borrowers if they want to avail the loan repayment 3-month moratorium, others are automatically 'opting-in' their borrowers for taking the loan moratorium.. Here's how to find out whether you bank will automatically opt you in for the moratorium or you will have to reach out to the bank to ask for it. Following a nudge from RBI, Banks and NBFCs have offered borrowers a three-month moratorium on payment of loan ins .. Read more at: https://economictimes.indiatimes.com/wealth/borrow/which-bank-is-giving-automatic-loan-moratorium-and-which-is-not-heres-the-list/...