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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 RBI has allowed all banks, NBFCs, and HFCs to offer a 3-month moratorium for loans due for payment between March 1, 2020, and May 31, 2020. This facility will be available for all loans including personal loans, education loans, home loans, business loans, working capital loans, auto loans, credit card dues, and so on. In this video, Mr. C S Sudheer has explained what happens if you do not pay credit card dues and loan EMIs during this moratorium period. 

 
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