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Consequences of not paying Credit Card & Loan EMI

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Due to the COVID-19 lockdown in the country, the Reserve Bank of India has provided all banks, Non-Banking Financial Companies, and Housing Finance Companies to offer a 3-month loan moratorium. This facility will be available for all types of loans which include personal loans, education loans, home loans, business loans, working capital loans, auto loans, credit card dues, Credit cards, and so on. In this video, Mr. C S Sudheer has explained the scenario in detail what happens in the case if you do not pay credit card dues and loan EMIs during this moratorium period. 

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