How To Opt Hdfc Bank Loan Moratorium

HDFC loan moratorium is a concession or postponement of EMIs that loan borrowers are obliged to pay at regular intervals. An HDFC Bank customer can simply visit the link circulated by the bank through SMS and email in order to avail the moratorium.

Good News 3 Month Emi Moratorium On Hdfc Bank Loans And Credit Card Bills Youtube

Defer unpaid EMIs falling between 1st June and 31st August - select this option if you wish to apply for the moratorium.

How to opt hdfc bank loan moratorium. The moratorium is not compulsory and a customer can choose to opt out of the same as per his or her convenience. Here are the eligibility criteria for HDFC Bank customers. The HDFC loan moratorium can be availed on home loans auto loans personal loan and credit cards.

All HDFC Bank customers who have availed of retail instalment loan or any other retail credit facilities prior to 1st March 2020 are eligibleCustomers having overdues prior to 1st March 2020 may also opt for the moratorium and their requests shall be considered by the bank based on its merits. Do I need to submit any documents to avail of the restructuring benefit. The balance tenure of the loan can be extended by a further period of maximum 24 months including the moratorium period at the banks discretion to ease your monthly EMI repayment burden.

HDFC Bank loan EMI moratorium extended Latest Breaking News Pictures Videos and Special Reports from The Economic Times. If a customer opts for the moratorium he or she will be not be asked by the bank for the EMI payments till 31 August 2020. As we told HDFC Bank Loan Restructuring Scheme aims to help borrowers who are struggling to pay their loan repayments and want to opt for an additional tenure upto 24 months.

All the HDFC Bank customers who have availed a personal loan before 1 st March 2020 are eligible for the EMI Moratorium Customers who have overdues prior to 1 st March 2020 may also be eligible to opt for the moratorium. However any relief will also have a cost. On the basis of the moratorium the loan repayment period will be extended for the customer.

Several banks including housing finance provider HDFC Bank have issues fresh guidelines on the EMI moratorium 20. Apart from loans customers can also enjoy the restructuring. Eligibile borrowers can also get Loan restructuring or credit card restructuring for upto 2 years.

Existing customers can easily apply for the moratorium online at the website of HDFC Bank. The decision to offer a moratorium to a customer will be at the sole discretion of the bank HDFC Bank said on its website. The bank had already provided a 6-month Moratorium period before this.

You get a relief for three months but youve got to pay your loan eventually. Customers having overdues prior to 1 Jun 2020 may also opt for the moratorium and their requests shall be considered by the bank based on its merits. The moratorium on payment of loan EMIs and credit card dues under the COVID-19 regulatory package has expired on 31st August 2020.

Under this scheme all eligibile borrowers can avail loan Moratorium or credit card moratorium for upto 2 years. We would not be accepting moratorium requests anymore. You are requested to maintain sufficient balance in your account to avoid any default.

How to apply HDFC EMI loans moratorium online. Your EMI will be debited from September 2020 by the Bank as per schedule. HDFC Bank customers seeking a moratorium need to apply on the banks.

2 Customers having over dues prior to 1st March 2020 may also opt for the moratorium and their requests shall be considered by the bank based on its. The eligibility criteria for HDFC Bank Personal Loan EMI Moratorium are as follows. You can avail EMI moratorium for all the loans that you have availed from the Bank.

Hdfc Bank has launched FAQs on Restructuring 20 Scheme of RBI. Create Free Arallywood Account To Make Money Online-. Provide your consent for the moratorium by selecting your EMI pay choice enter the Captcha Code and click Submit.

So this is an additional period. HDFC is offering a loan moratorium for six months beginning from March 1 2020 and continuing up to August 31 2020. Alternatively he or she can also call the following numbers and follow the voice instructions 022-50042333 and 022-50042211.

You have two options. The moratorium is available on credit card outstanding and loans availed on credit card for payments. Documentation for EMI restructuring.

Under the new norms HDFC Bank borrowers with single loan or overall exposure less than Rs 25 lakhs can apply for their loan till restructuring September 20 2021. 1 All HDFC Bank customers who have availed of retail loan or any other retail credit facilities prior to 1st March 2020 are eligible. Opting for moratorium will not affect the credit rating or score.

You can also opt to pay only the interest part during the moratorium period. To get EMI moratorium call on- 022-50042333 022-50042211 or visit the companys website. Its a mere postponement of your loan.

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