CreditMantri Finserve Private Limited
CreditMantri Finserve Private Limited Unit No. B2, No 769, Phase-1, Lower Ground Floor, Spencer Plaza, Anna Salai, Chennai - 600002
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The Axis Bank COVID-19 loan restructuring facility has been approved by RBI. The main objective of the relief measure is to take off the loan repayment burden from borrowers who are facing a difficult financial situation due to the Covid-19 pandemic. The relief comes in the form of a one-time loan restructuring facility offered by Axis Bank. Here are some of the options available under the facility:
These options are only indicative and Axis Bank, post assessing the financial impact on the borrower, may apply any of the above-mentioned methods or a different method to offer relief to eligible borrowers depending on individual situations.
How to Apply
Borrowers who want to opt for one-time loan restructuring from Axis bank can do so by sending a request letter/ digital consent/ voice consent stating the specific reasons for making an application for resolution. Alongside, the borrowers must also mention a plan of future cash flows.
Axis Bank normally communicates its decision in writing or through email regarding the acceptance or rejection of a loan restructuring application. The bank normally reverts within 30 days of receipt of the application. Applicants need to remember that the restructuring approval decision is not guaranteed by the bank and could vary across applicants.
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Credit repair involves rebuilding your credit health to a level where you become eligible for loans.
A credit report is a history of your credit behaviour and contains detailed information on all your loan and credit
A credit rating - also known as a credit score - is a 3 digit number between 300-900 that gives potential lenders
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Yes. In fact, a credit score of 850 is very good! Most lenders look for a minimum credit score of 750 to approve loans
There are several ways in which you can improve your credit score. Depending on how good or bad your score is,
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It is not possible for anyone, either lenders or borrowers, to get a CIBIL™ score or credit report for free.
It is important to know that there is no such thing as a CIBIL™ defaulter list. There used to be a defaulter list earlier,
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CreditMantri will never ask you to make a payment anywhere outside the secure CreditMantri website. DO NOT make payment to any other bank account or wallet or divulge your bank/card details to fraudsters and imposters claiming to be operating on our behalf. We do not sell any loans on our own and do not charge any fee from our customers/viewers for the purpose of loan application