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REPAYMENT DURING MORATORIUM
Education loan moratorium can hike Rs7.5 lakh loan to over Rs 10lakh even before EMI repayment starts: Be carefulWhile education loan may help you achieve dream education however it comes with a cost in terms of interest payment. The mechanism of inter...
How can you reduce the burden of education loan amid coronavirus pandemic?For students and recent graduates, repayment of education loans has become a problem because hiring has almost come to a standstill. If you...
Kerala government seeks moratorium on repayment of loansKerala has sought a moratorium of loans without accrual of interest and penal interest during the moratorium period.
How individual borrowers can use RBI’s second loan moratorium offered due to coronavirusAny default on repayment not only leads to higher cost in terms of interest and penalties but also impacts one’s credit history negatively ...
Credit alert: Understanding the moratorium mathGovernment will pay the difference between compound interest and simple interest over the moratorium period. This is expected to cost the g...
Higher loan tenure: Banks seek clarity from RBIBankers say those with 20-year loans, who have availed the moratorium, will see their home loans term extended by 24 months if the dues for...
Small borrowers may get principal payment relief as part of one-time restructuring of loans“The intention is to restructure loans for only those borrowers who really need restructuring, but in no way do we want to be in a situatio...
RBI extends EMI moratorium for another three months on term loans. Here's what it means for borrowersThe 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...
NBFCs' liquidity stress to increase further amid Covid-19 disruptions: Moody'sThe weakening of NBFCs' solvency will increase risks for banks that have large direct exposures to the sector.
What 3 month moratorium on repayment of term loans means for borrowersRBI has allowed all lending institutions to offer a moratorium on loan repayments.
Irdai permits insurers to grant moratorium on term loansIn a circular, Insurance Regulatory and Development Authority of India (Irdai) said it has received representations from industry associati...
IRDAI allows insurers to give moratorium on term loan repayment due to coronavirus impactIn respect of term loans, insurers are permitted to grant a moratorium of three months towards payment of instalments falling due between 1...
Tata Capital loan EMI moratorium: All the terms, conditions and chargesHere are the charges, terms and conditions of availing the three-month equated monthly instalment (EMI) moratorium from Tata capital financ...
Yes Bank loan EMI moratorium: All the terms, chargesVarious banks have announced details of the EMI moratorium on their websites. Here is a look at the details of Yes Bank's moratorium on loa...
Punjab National Bank loan EMI moratorium: Here's all you need to knowHere is a look at the details Punjab National Bank's (PNB) moratorium on loan EMIs. These are details as published on the bank's website.
LoanTap waives penal charges for customers due to Yes Bank moratoriumIn the first week of March, Yes Bank was placed under moratorium and withdrawal limits were imposed, due to which its banking operations we...
Restructured education loans not to be treated as NPAs: RBIThe RBI's response was on a clarification sought by the IBA whether the education loans with extended repayment period be treated as restru...