For our customers impacted by COVID-19, we have two options for you:
Pay EMIs On Time
  • You could save up to Rs. 5,000 in interest cost see Sample Calculation

  • Increase the chance of getting future loan products like Subsequent Loans, Top Up loans etc.

Take Moratorium
  • You will still have to pay your EMIs because your EMIs are just being `delayed` and not `waived off`

  • Your EMI will increase after application of moratorium.see Sample Calculation

Request for Moratorium
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Should I take an EMI moratorium or continue paying EMIs?

We only recommend choosing the moratorium if you are facing financial hardship due to the COVID-19 outbreak. Postponing payment (Take Moratorium) of your EMIs can provide you relief during this challenging time.

Please note that Pay EMIs on Time is always going to be cheaper than opting for a moratorium. This is because interest will still accrue if you defer payment.

If you choose to Pay EMIs On Time, you do not have to do anything. Just keep paying your EMIs regularly.

We trust you will choose wisely!

Sample Calculation
As an example, suppose your loan outstanding is Rs 100,000 (1 Lac) and you are charged 22 percent rate of interest on your loan, then every month you are liable to pay Rs 5,300 as EMI. In case you choose to Pay EMIs on Time, you will save Rs. 5,000 of total interest over the moratorium period. If you choose to Take Moratorium, your EMI could increase to Rs. 5,500 (increased by 6%)
Helpful Topics: RBI's Extended Moratorium (Moratorium 2.0)
Helpful Topics: Moratorium 1.0