Tag Archives: EMI payment

Loan Moratorium EMI Delay By 3 Months Unlikely To Give Benefit As Banks To Charge Interests Later

Borrowers Unlikely To Get Loan Moratorium Benefit As Banks Will Charge Interest Later

The banks will levy interest on the outstanding amount of loan The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks. Last Friday, the RBI had announced …

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