The 3 month moratorium on repayment of term loans by borrowers means that they would not have to pay the loan EMI instalments during the moratorium period. Going by the RBI statement,
availing such a moratorium would also not lead to a down grading of the borrower's credit rating or affect the risk classification of the loan. Further, availing the moratorium will not entail any change in the existing terms and conditions of the loan. If the existing terms and conditions of the loan contain condi ..
Good news for the indian people,rbi tOLD That no need to pay installment for bank loan and emi for upcoming 3 months because of lock down in all over india.
thats a great new and helpful to all people specially middle and lower class people .
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