New RBI Guidelines on Loan Moratorium: What Should Borrowers do?

The current uncertainty due to the Covid pandemic is not just a medical one. It has also spilled over to the financial world, with the 6-month loan moratorium period ending on 31st August 2020.

 

Even while the moratorium period was on, there were varying voices on the way ahead. The debate raged from further extension of the tenure, to levying of interest during the moratorium period, and the overall financial instability it was causing. With things spilling into the lawns of the Supreme Court, uncertainty still lingers for the common borrower.

 

Here is everything you need to know about the new RBI guidelines on loan moratorium and what your current options are as a borrower.

 

Read the full article published originally on Financial Express: New RBI guidelines on loan moratorium: What should borrowers do?