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EMI Moratorium Process

EMI Moratorium Process : What your Bank is Offering?

The moratorium was for payment of all installments falling due between March 1, 2020 and May 31, 2020. However, it was also stated that "Interest shall continue to accrue on the outstanding portion of the term loans during the moratorium." the total repayment period will be extended by 3 months over the original repayment period.

Check the below link to understand the RBI’s EMI Moratorium proposal for Borrowers

RBI's loan EMI moratorium proposal for borrowers

EMI Moratorium Process ICICI bank : 

You can opt for the moratorium by clicking on the link shared with you by the Bank through

 (i) SMS or 

(ii) e-mail. 

(iii) You may also visit ICICI Bank’s website www.icicibank.com

All important links and details are mentioned below


All official details by ICICI Bank 


ICICI Bank moratorium on debit card EMIs


ICICI Bank loan EMI moratorium: How it works and the charges by economictimes.


EMI Moratorium Process HDFC Bank : 

You will have to provide your consent to the bank through any of the following ways:

  -  Call on this number and follow the instructions – 022-50042333, 022-50042211,

OR 

Go to This Page :

  -  https://apply.hdfcbank.com/vivid/afp#Application_moratorium_mo


Note: Keep your loan account number handy before you start the process.


All Official Details by HDFC Bank


More References : 

HDFC Bank loan EMI moratorium by economictimes


Details with more Questions by timesofindia 


EMI Moratorium Process Fullerton bank :

Go to their website on their homepage there is a message from where anybody can fill your details and process. 


https://www.fullertonindia.com/ 


https://associations.fullertonindia.com/contact-us.aspx

EMI Moratorium Process Kotak Mahindra bank :

All customers who desire to avail the relief under the policy can send an email from their registered mail id to pay.later@kotak.com quoting the Loan account/APAC number


All Official Details by Kotak Mahindra Bank 


More References : 

https://www.cnbctv18.com/finance/kotak-mahindra-bank-customers-avail-emi-credit-card-moratorium-5601851.htm

EMI Moratorium Process IDFC  FIRST Bank :

All customers who desire to avail the relief under the policy can send an email from their registered mail id to help@idfcfirstbank.com , with your mobile number and loan account number And they will activate the moratorium for the unpaid EMI of March 2020 if any, and for EMI of April and May 2020.


All Official Details by IDFC Bank 


EMI Moratorium Process SBI Bank : 

Submit an Application (Annex-I) along with a mandate for NACH Extension-(Annexure-II) to stop NACH for these installments through an e-mail to the specified email ID(Annexure-III).


SBI loan EMI moratorium by economictimes


All Official Details by SBI Bank 


EMI Moratorium Process PNB Bank : 

All customers have to fill the application form and need to submit it to your branch.


All Official Details by PNB Bank : 


https://www.pnbindia.in/downloadprocess.aspx?fid=8xIdTDDSus6MSUNqfvUAWg==


https://www.pnbindia.in/downloadprocess.aspx?fid=2s/aGouXIkpn+b3zrsK08w==


EMI Moratorium Process AXIS Bank : 

Still Working on that process there is no official announcement.

EMI Moratorium Process YES Bank :

Still Working on that process there is no official announcement.

EMI Moratorium Process Canara bank : 

Officially declares from their twitter accounts in which they mentioned they are going to send SMS to their customers. 


https://www.moneycontrol.com/news/business/coronavirus-pandemic-canara-bank-idbi-bank-offer-customers-moratorium-on-term-loans-5091091.html

EMI Moratorium Process IDBI bank : 

Officially declares from their twitter accounts in which they mentioned do visit their website for further details.


https://www.moneycontrol.com/news/business/coronavirus-pandemic-canara-bank-idbi-bank-offer-customers-moratorium-on-term-loans-5091091.html


If the borrower does not want to avail the extension, he/she will be required to do the following as per the bank. "Customer may opt out from EMI moratorium by writing email to moratorium@idbi.co.in

EMI Moratorium Process Punjab and Sindh Bank

Officially declares from their twitter account.


https://economictimes.indiatimes.com/wealth/borrow/psu-banks-announce-loan-emi-moratorium-for-customers-via-tweets/articleshow/74912488.cms

EMI Moratorium Process Bank Of India : 

https://www.bankofindia.co.in/pdf/FAQs_COVID19.pdf

EMI Moratorium Process Central Bank of india :

https://www.centralbankofindia.co.in/pdf/COVID_19_Regulatory_Package.pdf


EMI moratorium process of  Andhra Bank, Indian Bank, UCO Bank, Syndicate Bank, Indian Overseas Bank, Bank of Baroda, Central Bank of India, Oriental Bank of Commerce, Union Bank of India, Corporation Bank


They all officially announced from their twitter accounts in which they mentioned about 

moratorium process. 


https://economictimes.indiatimes.com/wealth/borrow/psu-banks-announce-loan-emi-moratorium-for-customers-via-tweets/articleshow/74912488.cms

EMI Moratorium Process Bajaj Finserv : 

https://www.bajajfinserv.in/moratorium_bfl.pdf

Following Banks are still in process of EMI Moratorium Process : 

  • RBL Bank

  • HSBC Bank

  • Deutsche Bank


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