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Which Bank is giving Automatic Loan Moratorium

Which Banks Provide Automatic Loan Moratorium

Following a nudge from RBI, Banks and NBFCs have offered borrowers a 3-months moratorium on payment of loan installments starting March. If you take the moratorium, your credit score will not be affected. However, you will have to pay additional interest for three months (for deferring equated monthly installment (EMIs)) to your lender.


Different banks have announced their policies. Some banks make that moratorium 

process default by there ends while some banks are asking their customers to opt-in for the moratorium process.


As per the survey we classify banks according to their moratorium processes.

Banks Providing Default Moratorium :



As per the RBI announcement following banks are going to apply loan Moratorium default to their all borrowers :

  • IDBI Bank

  • Central Bank of India

  • UCO Bank

  • Repco Home Finance

  • Punjab & Sind Bank

  • Standard Chartered Bank

  • Bank of India

Banks asking Opt-In for Moratorium : 



As per the RBI announcement following banks are going to apply loan Moratorium but on customer demand, their borrowers have chosen to opt-in and an opt-out option to continue.

State Bank of India


  • Canara Bank

  • ICICI Bank

  • IDFC FIRST Bank

  • Bank of Baroda

  • HDFC Bank

  • Kotak Mahindra Bank

  • Bajaj Finserv

  • PNB Housing

  • Indiabulls Housing

  • Axis Bank

  • Fullerton India

  • RBL Bank

  • HSBC Bank


Ezo suggests all Businesses people to Avail the EMI moratorium for three months and based on the cash flow situation at the end of this crisis, you can decide to pay earlier. 


To know if the Moratorium Process is profitable or not, please Click Here


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