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EMIs on cars are calculated by using factors like the loan amount borrowed, the interest rate and tenure. With the help of a Car Loan EMI calculator, you will be able to know the approximate EMI that will be applicable for you. The EMI consists of the principal and the interest charged. Thus the EMI to be paid will include both the principal amount and the interest applicable.

This EMI moratorium was mainly introduced to benefit people who wouldn’t have a regular cash flow during the covid-19 crisis. This 6 month moratorium would definitely help daily wage workers and salaried individuals who might not be able to make their EMI payments due to pay cuts or layoffs. You can accordingly decide whether you want to take up the EMI holiday or not, according to your financial situation. 

Applying for the EMI moratorium differs from bank to bank. Ever since the RBI has announced the moratorium, banks have made sure that their customers are informed on what is to be done to apply for the moratorium. And all the information on how to avail the moratorium can be checked on each bank's official websites. The most commonly followed way for letting customers opt for the EMI holiday is by sharing links through SMSs or emails.

As there are people facing issues with paying their loan EMIs due to the coronavirus pandemic, the Reserve Bank of India has allowed banks and other financial institutions to provide a 6 month EMI holiday. The EMI holiday is included for all loans including home loan, credit card dues, personal loan, education loan,working capital loans, auto loans, etc. As this is just a postponement of EMI payments, interest will also not be waived off and will continue to be added on the outstanding amount.

The coronavirus pandemic has affected a lot of people financially as the covid-19 crisis has led to a lot of pay cuts and job losses. To ease the financial distress of people during these difficult times, RBI had announced an EMI holiday that was for three months and was extended to six months, until August 31, 2020. Customers who take up the moratorium would not have to pay their EMIs for that particular period of time.

If you are looking for a bike loan from Bajaj Finance Ltd, you may want to know about your monthly EMI beforehand to plan your finances. Bajaj Finance provides a bike loan EMI calculator that will help you find out your monthly EMI for the loan amount and tenure chosen by you. By using this calculator, you can plan your down payment and suitable tenure best for your monthly income.

The EMI for Rs. 20 Lakhs home loan will not be the same for all. It depends on the interest amount fixed on the loan and the tenure. Now, every lender provides a home loan EMI calculator on their website. Using the calculator, you can find the EMI amount for different interest rates and tenures. 


As the moratorium has been extended to August 31,2020, SBI bank has simplified the process of stopping EMIs by initiating an SMS communication to all eligible customers to stop EMIs. This is done to obtain consent from customers to stop their Standing Instructions (SI)/NACH mandate for EMIs due from June 1, 2020 to August 31,2020.

ICICI Bank provides an exclusive moratorium EMI calculator to measure the impact of opting for the facility announced by the RBI during COVID-19 pandemic. To calculate the impact of moratorium, you need to have the following details. 

Axis Bank provides a detailed explanation about the Moratorium policy and its impact on your repayment schedule. If you are an Axis Bank customer, you can avail the moratorium facility online by registering your mobile number. 

State Bank of India (SBI) accepts applications for availing Moratorium facility for up to 6 months starting from March 2020 till August 2020 as per RBI regulations. You can fill up the form and submit it at a nearby SBI branch or you can contact the customer care department to avail this EMI deferment facility. You must remember that opting for moratorium will come with additional cost in the form of interest charges. Henceforth, avail this facility only if deemed necessary. 

As per RBI instructions, HDFC Bank offers moratorium on retail loans and credit cards. The EMI moratorium can be availed for up to 6 months starting from March 2020 till August 2020. Although HDFC Bank does not provide a Moratorium EMI calculator to measure its impact, it lets you access the calculator on another site (CreditAs) wherein you can calculate the EMI amount after the moratorium period.

In view of the COVID-19 pandemic, the RBI has instructed all banks to offer moratorium facilities. If you opt for a moratorium facility on your loan, the repayment period will be postponed. However, interest charges need to be paid during the moratorium period. If you have taken a loan from Bajaj Finserv and have opted for a moratorium, you can use the calculator provided at their website to arrive at the amount you will be paying after the moratorium period. 

You can avail moratorium facility on your home loan that  is offered by banks in the wake of COVID-19 pandemic. It can be availed for up to 6 months from March 2020 to August 2020. While you can stay away from making the repayment, interest charges apply during the moratorium period. If you plan to use the moratorium period for your home loan, through the moratorium EMI calcultor, you can get to how much you will be paying additionally after the moratorium period ends. 

The RBI (Reserve Bank of India) had announced that the moratorium would extend till August 31, 2020. The total moratorium period in all eligible term loan accounts will be extended and SBI is also reaching out to its eligible loan customers to obtain their consent to stop their Standing Instructions(SI) to debit loan EMIs every month. The bank has made it easy for customers to stop their EMIs by initiating SMS communication to all eligible customers.

Bajaj Finserv lets you avail moratorium on requesting them to stop EMI repayment of any loans during this period. Interest will continue to accrue on the outstanding amount of the loan during the period of moratorium.

According to RBI guidelines, banks are permitted to offer extension of moratorium on payment of loan installments or credit card dues which fall between the moratorium period. The moratorium period was extended to August 31,2020. Opting for the moratorium means deferment of your EMI payments. The repayment along with the accrued interest will resume from September 2020, once the moratorium period ends. 

You can make your HDFC Bank overdue loan payments  from any bank account via BillDesk. Firstly, you would have to provide your bank loan details. Enter your HDFC Bank overdueLoan account number and your date of birth. Then you would have to pick your net banker from the drop down and click on PAY. You will be redirected to the bank payment interface of your chosen net banking option. 

While availing a home loan, you need to make monthly EMI payments which include the principal amount and the interest payable. The Income Tax Act enables borrowers to get tax benefits on both the principal amount and the interest. When it comes to the interest portion of the EMI that is paid for the year, it can be claimed as a deduction from your total income of up to a maximum of Rs. 2 lakhs under Section 24. But the home loan taken for the purchase or the construction of the house must be completed within 5 years from the end of the financial year in which the loan was taken by you.

EMIs are calculated depending on the principal amount borrowed and at what interest rate it is borrowed at. The tenure period is also considered while calculating your home loan EMI. So the amount repayable will be the amount borrowed plus the amount payable towards interest, which will be divided throughout the tenor of the loan with uniform monthly payments.The EMI for a 30 lakh home loan will depend on the interest rate and the tenure period that you and your lender agree upon. For instance, if you get an interest rate of 9% and a tenure period of 10 years, your Equated Monthly Instalment(EMI) will be Rs.38,003. 

The EMI for a 40 lakh home loan will depend on the interest rate and the tenure period that you and your lender agree upon. For instance, if you get an interest rate of 8% and a tenure period of 20 years, your Equated Monthly Instalment(EMI) will be Rs.33,458. When your tenure is long it seems like you have a lower EMIs, however its best to take a loan for the shortest period of time. In a long term loan, the interest outgo will become too high.

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