Friday 22 May 2020

Reserve Bank of India announced loan repayment moratorium extension

#BigNews
The Reserve Bank of India (RBI) on Friday announced 3 more month extension of the loan repayment moratorium to borrowers.
the interest on your loan will continue to accumulate during this period, which will extend your loan tenure. 

Remember, It is deferment not a waiver. So if you can pay EMI then do not opt for loan repayment moratorium.