News From Press Should you pay your EMI or avail moratorium? Find out

Should you pay your EMI or avail moratorium? Find out

The loan deferment is a welcome move for the borrowers who are facing any cash flow mismatch on account of the recent outbreak of Covid-19.

The Financial Express Apr 3, 2020

The RBI recently announced a deferment option to financial institutions for 3 months to fight the challenges arising due to the pandemic (Covid-19). This announcement is beneficial for borrowers facing any cash flow mismatch to service their loans. While the step sounds beneficial for many borrowers, the details need to be understood before going ahead.

So let us understand the details:

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