SBI Bank to HDFC: List of PSUs and private banks offering loan EMIs moratorium for 3-month to their customers
4 years, 9 months ago

SBI Bank to HDFC: List of PSUs and private banks offering loan EMIs moratorium for 3-month to their customers

India TV News  

In a massive relief for borrowers, several public sector banks, including - SBI Bank, PNB, Union Bank and private lenders - HDFC, ICICI Bank, announced a 3-month moratorium on term loans, ruling in the directions by the Reserve Bank of India advised lending institutions to offer a three-month moratorium on repayment of all term loans in wake of the coronavirus outbreak hitting the economy hard. Central Bank of India: As per the bank's website, "Allowing moratorium of 3 months on payment of installments in Term Loans, which include principal and/or interest components bullet repayments EMI credit card dues, falling due between 01 March 2020 and 31 May 2020. IDBI Bank: "IDBI Bank extends moratorium on Term Loan installments/interest and deferment of interest on working capital loans of borrowal accounts impacted due to COVID 19 for 3 months. Canara Bank: "In terms of COVID 19- RBI package, borrowers are eligible for moratorium/ deferment of installments/EMI for Term loans falling due from 01.03.2020 to 31.05.2020 & repayment period gets extended accordingly. As per the bank's tweet, "As per COVID 19 regulatory package of RBI, Indian Bank allows a moratorium by deferring payment of EMI/ Term Loan Instalments & Interest/ Interest on Working Capital for 3 months w.e.f 1st March 2020."

Bank Loans Interest Three Months Term Covid Rbi Hdfc Bank Icici Bank Months Hdfc Customers Its Customers Moratorium Falling Pnb Loan Emis Term Loans 3 Months Working Capital Sbi Bank Installments Regulatory Package  falling  hdfc  private  loans  customers  sbi  loan  emis  bank  term  list  moratorium  interest  psus  installments  months  offering

History of this topic

Here is What You Will Get if You Paid Your EMIs on Time During Loan Moratorium Period
4 years, 2 months ago

Here is What You Will Get if You Paid Your EMIs on Time During Loan Moratorium Period

News 18  

The Reserve Bank of India had in March, after the outbreak of the novel coronavirus, provided a moratorium on repayment of EMIs and credit card dues for three months. The top court in the due course directed the Centre to implement “as soon as possible” interest waiver on loans of up to Rs 2 crore under the RBI moratorium scheme. …

SBI loan restructuring: How interest will be calculated during moratorium extension period
4 years, 3 months ago

SBI loan restructuring: How interest will be calculated during moratorium extension period

India Today  

A few days ago, the country’s largest lender State Bank of India came out with a set of rules and regulations for offering an extension on loan repayments to those affected financially by the Covid-19 pandemic. However, there are several key aspects that Covid-affected customers need to know before availing moratorium extension on repayments under SBI’s loan repayment framework. Loan …

HDFC Bank Credit card EMI or loan restructuring: Eligibility, charges and how to apply
4 years, 3 months ago

HDFC Bank Credit card EMI or loan restructuring: Eligibility, charges and how to apply

Live Mint  

HDFC Bank is offering a moratorium of up to two years to retail borrowers under the loan-restructuring scheme approved by the Reserve Bank of India. If you are unable to pay your credit card dues in the wake of coronavirus pandemic, the bank provides you loan recast option. Credit card EMIs and loans: Customer will have an option to restructure …

Loan moratorium: RBI likely to announce one-time loan restructuring guidelines soon
4 years, 4 months ago

Loan moratorium: RBI likely to announce one-time loan restructuring guidelines soon

Live Mint  

The Reserve Bank of India is likely to announce the financial parameters of its proposed loan restructuring scheme soon. In his interview to CNBC Awaaz, RBI Governor Shaktikanta Das said that banks can extend the loan moratorium by 3, 6 or even 12 months under the one-time restructuring. To mitigate the hardships faced by the borrowers during coronavirus pandemic, the …

Loan moratorium over: You can still avail extension of two more years
4 years, 4 months ago

Loan moratorium over: You can still avail extension of two more years

Live Mint  

In view of the pandemic of Covid-19, the RBI had, vide a Circular dated 27 th March 2020, permitted the lenders to allow a moratorium for three months of EMI, falling due between 1 st March 2020 and 31 st May 2020, for various categories of loans. But the things became clear when the RBI circular of 6th August 2020 …

Loan moratorium can be extended by 2 years: Govt
4 years, 4 months ago

Loan moratorium can be extended by 2 years: Govt

Live Mint  

The moratorium for repayment of loans can be extended by up to two years, according to a 6 August circular by the Reserve Bank of India, solicitor general Tushar Mehta told the Supreme Court on Tuesday. The central government also apprised the bench that it has filed an affidavit stating that the National Disaster Management Authority has taken cognizance of …

ICICI Bank extends moratorium on EMIs, credit cards: Check rules, charges and how to apply
4 years, 7 months ago

ICICI Bank extends moratorium on EMIs, credit cards: Check rules, charges and how to apply

Live Mint  

Following the guidelines of Reserve Bank of India, the ICICI Bank has extended moratorium till August 31. Here are the things you must know about ICICI Bank's moratorium facility 1) Duration of moratorium The moratorium facility will be granted for up to a period of three months, for all loans/facilities falling due for payments between June 1, 2020 and August …

HDFC Bank extends moratorium on loan, EMIs, credit card outstandings by 3 months till August; here's all you need to know
4 years, 7 months ago

HDFC Bank extends moratorium on loan, EMIs, credit card outstandings by 3 months till August; here's all you need to know

Firstpost  

HDFC Bank announced that it has extended the loan moratorium by another 3-months HDFC Bank announced that it has extended the loan moratorium by another 3-months. The bank is offering its customers EMI moratorium and credit card outstanding moratorium as a relief measure. Loan Number: I wish to defer my unpaid EMIs falling due between 1 June, 2020 and 31 …

HDFC Bank extends EMI moratorium till August. Check eligibility, how to avail
4 years, 7 months ago

HDFC Bank extends EMI moratorium till August. Check eligibility, how to avail

Live Mint  

In line with the RBI guidelines, HDFC Bank is offering it's customers EMI moratorium and credit card outstanding moratorium to help them sail through the disruption caused by coronavirus pandemic. If you avail the EMI moratorium, there will be a levy of interest at the contracted rate of the loan for the period of EMI moratorium on the loan outstanding. …

Loan moratorium extension will take care of cash-flow disruptions: SBI chief
4 years, 7 months ago

Loan moratorium extension will take care of cash-flow disruptions: SBI chief

Live Mint  

The Reserve Bank of India’s extension on Friday of the ongoing loan moratorium by another three months will take care of cash-flow disruptions for borrowers despite the absence of a one-time debt recast relief, said Rajnish Kumar, chairman, State Bank of India. “Our tendency has become that whatever has been given, just take it and ignore it and then start …

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar
4 years, 7 months ago

About 20% SBI borrowers avail loan repayment moratorium; banks can go for debt recast: Chairman Rajnish Kumar

Firstpost  

The SBI chairman advised borrowers to pay their loans if they are not facing any funding challenge. Mumbai: State Bank of India chairman Rajnish Kumar on Friday said close to 20 percent of the bank’s borrowers have availed moratorium on repayment of term loans instalments. On 27 March, the central bank had announced a three-month moratorium on payment of all …

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August
4 years, 7 months ago

RBI monetary policy: Central bank extends moratorium on loans for another 3 months till August

Firstpost  

Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed relief to borrowers whose income has been hit due to the coronavirus crisis Mumbai: Reserve Bank Governor Shaktikanta Das on Friday extended the moratorium on payment of loans by another three months till August to provide much-needed …

RBI extends loan repayment moratorium by 3 months
4 years, 7 months ago

RBI extends loan repayment moratorium by 3 months

The Hindu  

The Reserve Bank of India has extended the repayment moratorium of loan repayment for term loans by another three months, till August 31. “In view of the extension of the lockdown and continuing disruptions on account of COVID-19, it has been decided to permit lending institutions to extend the moratorium on term loan instalments by another three months, i.e., from …

Coronavirus Lockdown: Rs 6.45 lakh cr worth loans sanctioned by PSBs during 1 March-15 May, says Nirmala Sitharaman
4 years, 7 months ago

Coronavirus Lockdown: Rs 6.45 lakh cr worth loans sanctioned by PSBs during 1 March-15 May, says Nirmala Sitharaman

Firstpost  

State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between 1 March and 15 May when businesses were reeling under the impact of COVID-19 crisis New Delhi: State-owned banks have sanctioned about Rs 6.45 lakh crore worth loans to various sectors including MSME, agriculture and retail between 1 March and …

Coronavirus Lockdown: RBI may extend moratorium on repayment of loans for three more months, says report
4 years, 7 months ago

Coronavirus Lockdown: RBI may extend moratorium on repayment of loans for three more months, says report

Firstpost  

With the government extending the nationwide lockdown up to 31 May, the Reserve Bank of India is likely to extend the moratorium on repayment of loans for three more months, according to an SBI research report Mumbai: With the government extending the nationwide lockdown up to 31 May, the Reserve Bank of India is likely to extend the moratorium on …

IBA urges govt, RBI to double moratorium period to 6 months; seeks credit guarantee for MSME loans
4 years, 8 months ago

IBA urges govt, RBI to double moratorium period to 6 months; seeks credit guarantee for MSME loans

Firstpost  

Bankers believed that some safety net has to be created for both industry and banks for survival first, sources said, adding, revival would follow. Some of the key recommendations included blanket credit guarantee for MSME loans, one-time loan restructuring for sectors hit hard by COVID-19 and raising of moratorium and relief for the NBFC sector, sources said. Based on the …

What does the 3-month moratorium on EMIs mean?
4 years, 8 months ago

What does the 3-month moratorium on EMIs mean?

The Hindu  

The RBI has taken measures to counter the economic fallout of the coronavirus pandemic. Higher reduction in the reverse repo rate is aimed at prompting banks to lend more. Banks are also permitted to defer payment of EMIs for three months. The loan moratorium entails a customer to choose not to pay the monthly instalments.This is on term loans for …

Coronavirus | How will the three-month moratorium on EMIs impact customers?
4 years, 9 months ago

Coronavirus | How will the three-month moratorium on EMIs impact customers?

The Hindu  

The story so far: On March 27, the Reserve Bank of India slashed interest rates to counter the economic fallout of the coronavirus pandemic. It also announced other relief measures, which included permitting banks to provide a three-month moratorium on all term loans. Due to economic disruptions caused by the nationwide lockdown which has led to stress in the financial …

EMI Moratorium: Good or Bad? Experts explain how it impacts your loan
4 years, 9 months ago

EMI Moratorium: Good or Bad? Experts explain how it impacts your loan

India TV News  

As the new financial year has begun, so many public sector banks including some private banks announced tweeting that they will offer the service of 3 months moratorium to their existing customers and they can avail the service according to their needs due to Pandemic, COVID 19 impact on finances of people. People were worried even after the announcement by …

Coronavirus Outbreak: Bank of Baroda offers refund of March EMI to home, auto loan customers
4 years, 9 months ago

Coronavirus Outbreak: Bank of Baroda offers refund of March EMI to home, auto loan customers

Firstpost  

State-run Bank of Baroda on Wednesday said it is offering retail customers the option of getting a refund of the EMI that already has been deducted in March to meet any liquidity need during the disruption caused by COVID-19 pandemic Mumbai: State-run Bank of Baroda on Wednesday said it is offering retail customers the option of getting a refund of …

RBI allows three month's moratorium on EMIs: Here are the steps to follow if you are an account holder in SBI, ICICI and HDFC banks
4 years, 9 months ago

RBI allows three month's moratorium on EMIs: Here are the steps to follow if you are an account holder in SBI, ICICI and HDFC banks

Firstpost  

Here’s what you need to do to apply for a moratorium on loan EMIs and standing instructions provided by several banks such as SBI, ICICI Bank and HDFC Bank As India continues to fight against coronavirus, Reserve Bank of India has allowed banks and financial institutions to offer customers up to three months moratorium on their EMI payments, falling between …

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium
4 years, 9 months ago

Coronavirus Outbreak: Most private banks go for 'opt-in' option on loan repayment moratorium

Firstpost  

Most of the private sector lenders have decided to go for the “opt-in” option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India Mumbai: Most of the private sector lenders have decided to go for …

Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later
4 years, 9 months ago

Coronavirus Outbreak: Borrowers unlikely to get significant gains from loan moratorium; banks to charge interest later

Firstpost  

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 New Delhi: 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 …

HDFC Bank offers EMIs, credit card dues moratorium for 3-month. Here's how customers can avail it
4 years, 9 months ago

HDFC Bank offers EMIs, credit card dues moratorium for 3-month. Here's how customers can avail it

India TV News  

HDFC Bank EMI, Credit Card Dues Moratorium: HDFC bank announced EMI and credit card moratorium to its customers in line with the Reserve Bank of India guidelines that all lending institutions will have to give their borrowers a three-month moratorium on term loans in wake of the coronavirus outbreak hitting the economy hard. "In line with the RBI guidelines and …

SBI loan EMI moratorium: Terms, conditions and charges
4 years, 9 months ago

SBI loan EMI moratorium: Terms, conditions and charges

Live Mint  

Following the Reserve Bank of India directive to banks to provide a three-month moratorium on repayment of term loans, country's top lender State Bank of India has initiated steps to defer the payment of EMIs of housing loan, vehicle loans, MSME loans and payment of all other term loans whose installments are due after March 1 and up to May …

Banks start rolling out EMI moratorium scheme as per RBI direction
4 years, 9 months ago

Banks start rolling out EMI moratorium scheme as per RBI direction

Op India  

To give a relief to people who may have suffered a hit on their income due to the Wuhan Coronavirus pandemic, the Reserve Bank of India had on 27th March had permitted the banks to allow a moratorium of three months on EMI payments of all term loans. State Bank of India, India’s largest bank, tweeted yesterday, “In terms of …

SBI, HDFC Bank, ICICI activate EMI moratorium option for customers
4 years, 9 months ago

SBI, HDFC Bank, ICICI activate EMI moratorium option for customers

The Hindu  

State Bank of India, the country’s largest lender, and private-sector lenders ICICI Bank and HDFC Bank have started activating loan repayment moratorium option for customers, that was mandated by the Reserve Bank of India last week in view of the financial stress faced by borrowers caused by lockdown due to the COVID-19 pandemic. They may continue to pay in usual …

Coronavirus Outbreak: PSU banks announce moratoriums on loan EMIs following RBI directive
4 years, 9 months ago

Coronavirus Outbreak: PSU banks announce moratoriums on loan EMIs following RBI directive

Firstpost  

Several reports have stated that despite the central bank’s guidelines, borrowers were receiving messages reminding them that their EMI is due. Syndicate Bank The bank has deferred EMIs of housing loans, vehicle loans, MSME loans and payment of all other term loans falling due after 1 March and up to 31 May, 2020 by three months. Indian Bank Indian Bank …

Coronavirus lockdown | Lenders ready with offer for EMI holiday
4 years, 9 months ago

Coronavirus lockdown | Lenders ready with offer for EMI holiday

The Hindu  

The Housing Development and Finance Corporation, the country’s largest mortgage lender, and some other lenders will reach out to customers and give them the option to skip equated monthly instalment for the next three months as announced by the Reserve Bank of India on Friday. The move will enable customers, particularly those who have opted for the electronic clearing service …

Attention Credit Cardholders! RBI's 3-month moratorium on EMIs is not applicable on credit card bill payments
4 years, 9 months ago

Attention Credit Cardholders! RBI's 3-month moratorium on EMIs is not applicable on credit card bill payments

India TV News  

In a massive relief for common man and business in wake of coronavirus crisis, the Reserve Bank of India on Friday reduced its repo rate by a huge 75 basis points. RBI also said that all commercial banks, co-operative banks, all-India financial institutions, and NBFCs are being permitted to allow a moratorium of three months on payment of installments in …

Big relief for SBI customers! State Bank of India says, All term loan EMIs automatically deferred by 3 months
4 years, 9 months ago

Big relief for SBI customers! State Bank of India says, All term loan EMIs automatically deferred by 3 months

India TV News  

India's biggest bank, the State Bank of India on Friday announced that all term loan EMIs will be deferred by three months automatically. Announcing the decision, SBI Chairman Rajnish Kumar told CNBC TV, "Installments will get automatically deferred by 3 months for term loans and customers don't have to apply to banks for it." Addressing media, the Reserve Bank of …

RBI puts a pause on EMIs for 3 months in fight against COVID-19. All you should know
4 years, 9 months ago

RBI puts a pause on EMIs for 3 months in fight against COVID-19. All you should know

India TV News  

The Reserve Bank of India on Friday allowed all the banks to hold EMIs for a period of 3 months. RBI puts a pause on EMIs for 3 months in fight against COVID-19 | What you should know RBI has allowed all the banks that if they want then can pause on collecting EMIs for all types of term loans …

Coronavirus lockdown: RBI cuts repo rate, announces 3-month moratorium on loans, read details
4 years, 9 months ago

Coronavirus lockdown: RBI cuts repo rate, announces 3-month moratorium on loans, read details

Op India  

Speaking to the media on the unprecedented situation across the country due to the Chinese epidemic, RBI Governor Shaktikanta Das on Friday announced a massive 75 basis points cut in repo rates to 4.4 per cent as a measure to counter the economic slowdown caused by the COVID-19 pandemic. Addressing the effect of the coronavirus on markets, the RBI Governor …

SBI moves to extend emergency credit line
4 years, 9 months ago

SBI moves to extend emergency credit line

Live Mint  

India’s largest lender State Bank of India on Friday decided to extend an emergency credit line to eligible corporate borrowers and small businesses to meet their liquidity needs in the wake of the Covid-19 pandemic, according to a document seen by Mint. The document, an internal SBI circular issued on Friday, said that the Covid-19 emergency credit line will be …

Banks start approving retail loan proposals on ’PSB Loans in 59 Minutes’ portal
5 years, 4 months ago

Banks start approving retail loan proposals on ’PSB Loans in 59 Minutes’ portal

Live Mint  

According to a statement by PSB Loans in 59 Minutes on Thursday, applicants can now get in-principle approvals from 19 PSBs, including the State Bank of India, Punjab National Bank, Bank of Baroda and Union Bank of India. This will provide the loan aspirants quick and hassle-free access to home and personal loan whether or not they have banking and …

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