Loan Holders Get Relief
RBI Gives Relief in Paying Installment For The Second Time
Moratorium on Loan is in The Form of Bank Facility
Last time there was a fight between banks, government, and customers till the Supreme Court regarding Moratorium.
In the second wave of Corona, the RBI has given huge relief to the loan holders. The Reserve Bank of India has offered a loan moratorium facility for the second time. How will you be able to take advantage of this plan? Through this article, we are telling you. The borrowers have been given time till September 30 so that they can approach the bank for restructuring their loan. Once you apply for a new moratorium, the bank will be able to implement it within 90 days, if all the conditions are met. Will happen. It is up to the banks whether they will give you the benefit of it or not and how they will give it. A moratorium is not your right on the loan, it is as a convenience of the bank. The last time there was a fight between the Supreme Court and banks, government, and customers over Moratorium.