3 month loan moratorium notification

3 month loan moratorium notification

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Deal Newbie
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all banks have announced 3 month extension for loan and credit card bill payment but some of them have waived off interest and private banks haven’t, no bank is giving clarification on credit card interest, if a customer choose 3 month extension then what would be the interest amount?? if he has Rs 50,000 outstanding bill today, how much interest he would be paying after 3 months???

can anyone please explain??

6 Comments  |  
5 Dimers
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Deal Cadet
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Well played by private banks, I have 2 personal loans with ICICI Bank and they are mere opportunist, first they are providing ONLY 2 MONTH MORATORIUM and charging Interest on outstanding amount !! It will be kind of top up loan. Nothing like their slogan “Khayal aapka” rather it should be “Faida Sirf Humara”

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Deal Cadet
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Ghante ka relaxation, PM when addressing nation seeks full support from mango people and when these mango people are in crisis he is the one who keeps mum, can’t he intervene in the matter and ask private banks to be little more lenient? Problem is, he wILL ASK the BIG ONES and DICTATE THE POOR ONES

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Deal Newbie
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i have hdfc credit card and i was thinking positively until this morning about moratorium but hdfc is in looting mode…. they will not spare a single penny….

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Deal Cadet
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No interest will be waived off, neither by private nor by govt banks.

Second thing ICICI is the worst for home loans. They don’t even give a list of original documents which you have submitted. They say come to the loan branch (not the banking branch) and give letter in writing for the same.

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Deal Cadet
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myfungang829 wrote:

No interest will be waived off, neither by private nor by govt banks.

Second thing ICICI is the worst for home loans. They don’t even give a list of original documents which you have submitted. They say come to the loan branch (not the banking branch) and give letter in writing for the same.

same situation is with HDFC.
HDFC took Rs 590 from me for list of documents.
For that i needed to give application , a cheuqe of Rs 590 and 2-3 visit to branch and after 15 days i got list of documents.

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