You don’t have to pay any loan EMI for next 3 months, and it won’t hurt your credit history

The Print | Mar 27, 2020 at 6:30 AM
  • Providing a major reprieve to the common man, the Reserve Bank of India (RBI) Friday allowed a deferment of all loan repayments.
  • The reprieve will be available for loans taken from any financial institution for all loans outstanding as of 1 March 2020.
  • The RBI moratorium won’t be applicable on credit card repayments as outstanding on such accounts is not classified as a term loan.