COVID-19 RBI EMI Relief
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.
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
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!