Knowledge Center
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 :
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.
EMI Moratorium Process IDBI bank :
Officially declares from their twitter accounts in which they mentioned do visit their website for further details.
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.
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.
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
LEAVE A REPLY: