EMI Moratorium 3.0 Extension | COVID 2nd Wave – RBI Implications on Loan EMIs - 2021 Update

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Are you wondering if you can get a loan EMI moratorium in 2021 due to the impact of the pandemic? Like last year, will the RBI once again announce a loan EMI moratorium extension for distressed borrowers?

The RBI has recently announced a loan restructuring scheme under its Resolution Framework 2.0 in order to provide relief to borrowers who have been financially impacted due to the 2nd wave of COVID-19. Lenders are required to frame their policies as per the framework guidelines and update the same on their websites by June 2021.

Who is eligible for loan restructuring 2.0? Will this scheme include an EMI moratorium? Watch this video to know more.

To know and understand more about personal loan eligibility, use our eligibility calculator from the link here: https://bit.ly/personal_loan_eligibil...

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SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) is among the leading NBFCs of India. Since its launch in 2007, SMFG India Credit has successfully and strongly established itself, spread across the country's broad financial landscape, with a PAN India branch network serving millions of customers. Our services are dedicated to provide financing to the underserved segments, including retail consumers and small business owners / SMEs. We offer unsecured as well as secured financing through an array of products including personal loans, commercial vehicle and two-wheeler loans, home improvement loans, loans against property and personal loans. SMFG India Credit Co. Ltd. (Formerly Fullerton India Credit Co. Ltd.) is wholly owned by the Sumitomo Mitsui Financial Group (SMFG).