Wednesday, 1 April 2020

EMI moratorium: Banks to charge interest later

The 3-month suspension of EMI payments may not result in significant gains for borrowers as they will charge interest for the moratorium period, according to banks. It seems like a double whammy for the borrowers as on one side income has been hit due to pandemic and on the other hand, there is a threat of increased tenure if they opt for RBI relief measure.

from Times of India https://ift.tt/2WYt0gI
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