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Grace Period vs. Moratorium Period: What’s the Difference?

Moratorium period and grace period are two terms that are often confused to be the same. These two terms, however, have many key differences.

2 months agoRead More
Compound Interest Waiver – Know the Features and Benefits

With the continued impact of the Covid-19 pandemic on the economy, the Indian government announced multiple timely measures to offer relief to millions of individuals and small businesses.

3 months agoRead More
Guidelines For The Implementation Of Compound Interest Waiver On Moratorium Loans

In a significant relief to borrowers, the Finance Ministry recently announced the waiver of interest on interest for small loans up to Rs. 2 crores. The Supreme Court on 14th October approved the scheme and instructed the central government to implement the scheme as early as possible.

4 months agoRead More
Everything You Need To Know About RBI Loan Restructuring: All Your Queries Answered

The RBI recently announced that it would allow a one-time restructuring of loans across all sectors. This move has been hailed as a much-needed lifeline for borrowers struggling to repay their EMIs due to the economic fallout of the Covid-19 pandemic.

7 months agoRead More
How To Avail Yes Bank EMI Moratorium?

In a bid to give some relief to taxpayers and homebuyers amid the Covid-19 crisis, the Reserve Bank of India (RBI) had some time back directed all banks, NBFCs and housing finance companies (HFCs) to allow three months’ moratorium on the EMI payments of various retail loans, including home loans, as well as working capital loan instalments which were due for payment between March 1, 2020, and May 31, 2020.

7 months agoRead More
How To Avail DHFL Bank EMI Moratorium?

Dewan Housing Finance Limited (DHFL) is one of the key players in the housing loan market in India. It has been offering affordable housing loans to its customers for many decades now.

7 months agoRead More
RBI’s EMI Moratorium: Here’s Everything You Need to Know

India went into a nation-wide lockdown in March as a preventive measure to curb the spread of the deadly Coronavirus. As a result, millions of businesses – big and small – that do not fall into the category of essential services had to pause their operations.

7 months agoRead More
ICICI Bank EMI Moratorium: Eligibility, Charges, How to avail & more

The Reserve Bank of India announced in June that it is extending the moratorium on loan EMIs and credit card bills for three months.

7 months agoRead More
All That You Need to Know about HDFC Bank EMI Moratorium

The ongoing Covid-19 pandemic has created massive financial stress for individuals and businesses, across all sections of the society. To ease borrowers' burden during these challenging times, the RBI (Reserve Bank of India) has issued a directive to all commercial banks and NBFCs to offer customers an interim relief in their loan repayment schedules.

7 months agoRead More
Axis Bank EMI Moratorium: Here’s all that You Need to Know

The government of India has launched several measures to help citizens deal with the economic blowouts caused by Coronavirus-lockdowns and restrictions. One such relief measure is the – moratorium on loan payments.

8 months agoRead More
Things to Keep in Mind If You Have Opted for Moratorium

After the onset of Covid-19 pandemic, the Reserve Bank of India announced a 3-month moratorium on term loan repayments as part of its economic relief measures. This moratorium applies to all payments between March 1-May 31, 2020 and also covers credit card dues.

8 months agoRead More
 Detailed Guide on how to apply for Moratorium at Leading Banks in India

If you wish to avail the moratorium announced by the RBI for term loan EMIs and credit card dues for the next three months, from June 2020 to August 2020, then you need to take action quickly.

8 months agoRead More
How does opting for the six-month moratorium affect your finances?

The Reserve Bank of India recently announced an extension of the 3-month moratorium given to borrowers due to the uncertainties caused by the Covid-19 outbreak. Initially, the RBI had announced the moratorium from March 2020 to May 2020.

9 months agoRead More
Moratorium Period Extended for 3 More Months: 5 Things You Must Know

In view of cash flow and income disruption due to the ongoing COVID-19 pandemic, RBI has announced the extension of the Moratorium period for up to 31st of August. Although it will ease the repayment worries for the borrowers, it will certainly increase the debt burden as they will need to repay with additional interest on the outstanding loan amount

9 months agoRead More
Is Moratorium a Relief? Who Should Avail a Moratorium?

The Reserve Bank of India (RBI) recently allowed banks in the country to provide a three-month moratorium on fixed-term loan and EMI payments to help millions of people with bank dues during the novel coronavirus pandemic.

11 months agoRead More
What Is Moratorium? What Are the Things to Know About Moratorium Before Choosing One?

With India being in lockdown currently to contain the spread of COVID-19, the Reserve Bank of India has announced several measures, to tide over the economic fallouts.

11 months agoRead More
Moratorium Decisions: Don’t pause EMI & Credit Card Payments if you can Afford It

The ongoing Coronavirus pandemic has brought the whole world to a standstill. With more than 1600 cases in India, the entire country is in lockdown. With factories shutting down production, hotels, malls, restaurants and other entertainment complexes closed, millions of Indians find themselves facing a massive economic crisis on top of the ongoing health crisis.

11 months agoRead More
Are credit card bill payments and personal loans on credit cards included in the moratorium?

The Coronavirus pandemic has forced the entire nation to go into lockdown mode. Millions of Indians are struggling to make ends meet as they find themselves on the verge of losing their job or having to do with reduced salaries and incomes.

11 months agoRead More
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