Loan moratorium: You can avoid extra interest as most private banks offer 'opt-in' option1 min read . Updated: 01 Apr 2020, 06:51 PM IST
- HDFC Bank said it would encourage customers with adequate funds to continue repayments to avoid the extra interest charges and tenor extension of the loan
- Kotak Mahindra Bank asked customers to write to an email ID for 'opting in' for the moratorium
Mumbai: Most of the private sector lenders have decided to go for the "opt-in" option on loan repayment moratorium, putting the onus on the customer to take the initiative of informing the bank of their choice to go for the three-month breather offered by the Reserve Bank of India.
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