RBI runs EMI moratorium for the next 90 days on term loans.

RBI runs EMI moratorium for the next 90 days on term loans. The expansion regarding the three-month EMI moratorium on payment of term loans implies that borrowers won’t have to cover their loan EMI instalments during such period as prescribed because of the RBI. The expansion provides relief to a lot of, particularly those who find themselves self-employed, while they might have discovered it hard to service their loans like car and truck loans, mortgage loans etc. As a result of loss or shortage of earnings through the nationwide lockdown duration from March 25, 2020. Lacking an EMI repayment will mean risking unfavorable action by …

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