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Will opting moratorium have an impact on getting fresh loans?

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Moratorium is nothing but a repayment holiday. During this coronavirus pandemic, the Reserve Bank of India (RBI) announced a big relief to borrowers by extending the previously announced three-month term loan EMI moratorium by another 3 months. RBI had first declared the 3-month moratorium from March 1, 2020, till May 31, 2020. Now it has been further extended till august 31, 2020. This moratorium is available on repayments of all term loans like car loans, home loans, personal loans, education loans, and so on. Since a lot of people are facing a cash crunch due to this pandemic many borrowers availed this moratorium benefit. But will it have any impact on acquiring fresh loans? Is it safe to avail this moratorium? To clear all your queries regarding impact of loan moratorium watch this video. 

 

 

 
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