Sunday, August 16, 2020

Banks plan EMI deferment for home loans

Lenders, including SBI, are working on restructuring options for home loans where the overall tenure of the loan does not extend by more than two years, even after relaxing the repayment schedule. The options include allowing EMI deferment for a few months in cases where the borrower has suffered a total loss of income or allowing step-up EMIs, with a lower payout for few years.

from Times of India https://ift.tt/2DYRXl5

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