Wednesday, 1 April 2020

EMI moratorium: Banks to charge interest later

The three-month suspension of EMI payments may not result in a significant gains for borrowers as they will charge interest for the moratorium period, according to the moratorium scheme announced by state-owned banks.

from Times of India https://timesofindia.indiatimes.com/business/india-business/moratorium-plan-borrowers-unlikely-to-get-significant-gains-banks-to-charge-interest-later/articleshow/74928223.cms
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