Sunday, August 16, 2020

Banks plan EMI deferment for home loan restructuring

The options include allowing EMI deferment for a few months in cases where the borrower has suffered total loss of income or allowing step-up EMIs, with a lower payout for a couple of years to make up for a reduction in salary or loss of income due to the pandemic.

from Personal Finance News-Wealth-Economic Times https://ift.tt/2CwIbG4

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