You can apply for a complete holiday of any repayment be it principal or interest up to a total moratorium period of two years. You can als...

Any default on repayment not only leads to higher cost in terms of interest and penalties but also impacts one’s credit history negatively ...

The apex court was hearing a batch of petitions relating to charging of interest on interest by banks on EMIs, which were not paid by the b...

In a relief to stressed borrowers who are facing hardships due to the impact of COVID-19 pandemic, the apex court had passed the interim or...

The Reserve Bank of India and the Finance Ministry have already filed separate additional affidavits in the apex court saying that the bank...

"I say..Ministry of Finance, Department of Financial Services in view of the unprecedented and extreme COVID-19 situation vide its letter ..

The current EMI moratorium on all the term loans is ending on August 31, 2020. Previously the EMI moratorium was given for three months i.e...

Borrowers have been allowed to opt for loan moratorium and skip EMIs for 3-6 months.

This is how RBI's extension of loan holiday will impact your EMI schedule and total outgo on the loan amount.

The lockdown was first announced by PM Narendra Modi on March 24 for 21 days in a bid to combat the Covid-19 pandemic. It was first extende...

RBI has allowed all lending institutions to offer a moratorium on loan repayments.

It is very important to decode the terms, conditions and the fine print of the moratorium before making a decision. The choice may not be t...

The 3-month EMI moratorium offered by the Reserve Bank of India (RBI) includes all term loans like home loans, personal loans, credit card ...

To pay this additional interest, you may get an option to either increase your loan tenure without increasing your EMI amount or increase y...

These lenders -- both banks and non-banks -- with sizeable loan exposure to NBFC-MFIs have also deducted the installments ignoring the requ...

Many borrowers, credit cardholders and mutual fund investors have received SMSes from their lenders reminding them that they need to mainta...

The RBI today announced a bazooka for borrowers, giving them a three-month moratorium on loan repayment.