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Category: payday loans

Which type of loans will gain through the moratorium?

Which type of loans will gain through the moratorium? In a relief to borrowers whom might be dealing with liquidity problems in having to pay their equated monthly payments (EMI) amid the nationwide lockdown, the Reserve Bank of Asia (RBI) on Friday permitted banking institutions as well as other finance institutions to offer a moratorium of 90 days to any or all term loan borrowers. The RBI in addition has instructed credit information organizations to ensure the credit rating regarding…