HDFC Bank has announced an extension of the moratorium on loans to 31 August, 2020. You can avail loan moratorium up to 6 EMIs due from 1 March, 2020 and 31 August, 2020. If you take up the moratorium you wouldn’t have to pay your EMIs between the moratorium period given. But the interest rate will continue to accrue throughout the moratorium period,which will have to be paid later along with the principal amount due. And thus the personal loan tenure will get extended too corresponding to the period in which you availed the moratorium.
You are eligible for HDFC Bank personal loan EMI moratorium if you have availed a personal loan before 1 March,2020. And customers who have overdues prior to 1 March,2020 may also be eligible for the moratorium. To opt for your personal loan moratorium you can call the bank at 022-50042333 or 022-50042211 from your registered mobile number. There is also an option where you can fill out a loan moratorium form on the official website and submit your request.