Important : Don't opt for Loan EMI moratorium unless absolute necessary

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Last Comment 2020-04-08

2020-04-07

Many are not aware of the impact of RBI’s statement that interest would continue to accrue during the period of the moratorium. It can increase your EMI tenure upto 16 months depending on remaining tenure of loan.

Kindly read below article before opting for EMI moratorium.

https://www.moneycontrol.com/news/business/pers...

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https://www.desidime.com/discussions/don-t-opt-for-loan-emi-moratorium-unless-absolute-necessary?page=1#post_6596355

hannusk

2020-04-07

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It’s your personal interest.

https://www.desidime.com/discussions/don-t-opt-for-loan-emi-moratorium-unless-absolute-necessary?page=1#post_6596381

Tera_Jija

2020-04-07

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This is power of compound interest.

https://www.desidime.com/discussions/don-t-opt-for-loan-emi-moratorium-unless-absolute-necessary?page=1#post_6596363

franchise425

2020-04-07

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Nice 1

https://www.desidime.com/discussions/don-t-opt-for-loan-emi-moratorium-unless-absolute-necessary?page=1#post_6596409

Krrezi1

2020-04-07

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good information… thanks

https://www.desidime.com/discussions/don-t-opt-for-loan-emi-moratorium-unless-absolute-necessary?page=1#post_6597149

Tera_Jija

2020-04-08

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Welcome.

https://www.desidime.com/discussions/don-t-opt-for-loan-emi-moratorium-unless-absolute-necessary?page=1#post_6596481

Original

2020-04-07

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RBI is saying that every bank should make this default.
How to opt-out of all this??

https://www.desidime.com/discussions/don-t-opt-for-loan-emi-moratorium-unless-absolute-necessary?page=1#post_6596603

Tera_Jija

2020-04-07

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Yesterday, RBI asked banks to offer default moratorium of 3 months loan EMI unless opted out.
So you have to check emails and net banking for opting out of same as customer care call is not available. You may also visit the respective branch for same.