Loan EMI Moratorium- Relief for the common man, the government will soon decide the exemption on EMI

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The Central Government can make its statement in 2-3 days to end the interest charged and to increase the period of moratorium according to different areas. Hearing has been postponed again in the Supreme Court in the case of Lone Moratorium. The central government has asked for more time for a decision on this, after which the Supreme Court has postponed the hearing till 5 October. The Center has sought 3 days more time from the court on Monday. The government needs some more time to keep the details in…

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HDFC Bank Loan Restructuring: Benefits & List of Documents needed

HDFC Bank, the largest private sector bank in the country has released a list of frequently asked questions. In which the bank has answered all kinds of questions arising in the minds of its customers. HDFC Bank Loan Restructuring: Reserve Bank of India provided loan Moratorium facility for bank borrowers during lockdown. Under this, the borrowers of banks were allowed to not deposit the installment for 6 months. However, this facility of RBI expired on 31 August 2020. Due to this, now banks have offered loan restructuring options to their…

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Demand for loans have dropped drastically even after liquidity injection.

Home Loan

These are uncertain times and taking a loan with uncertainty looming over your head is not a wise decision. There is no surprise that the masses who are facing the brunt of this uncertainty have therefore not resorted to getting themselves loans, even after a massive liquidity injection by the central government.  India‚Äôs outstanding bank loans shrank during the lockdown which stands indicative of the fact that the demands for loans are falling as it is obvious aftermath of the uncertainty that comes with the pandemic.  A total outstanding of…

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