Moneycontrol
Get App
you are here: HomeNewsPodcast
Last Updated : May 08, 2020 02:56 PM IST | Source: Moneycontrol.com

Simply Save podcast | Your money and COVID-19: Here's why it's better to pay off your EMIs, despite RBI’s moratorium

Kayezad E. Adajania dissects the loan moratorium and tells you how to apply for one, if you need one.


When the Reserve Bank of India (RBI) gave a loan moratorium to those whose cash flows are in pressure due to the ongoing Covid-19 pandemic, many thought that loans are waived. The truth is you still have to pay your loans. It’s a temporary relief give to you for three months to tide over a financial crisis if you face one. But your interest will be accumulated and compounded over time and you will have to pay your entire interest, eventually.

In this Simply Save podcast, Moneycontrol’s personal finance editor Kayezad E. Adajania dissects the loan moratorium and tells you how to apply for one, if you need one.

Close

Tune into the Your money and COVID-19 podcast for more.

Moneycontrol Ready Reckoner
Now that payment deadlines have been relaxed due to COVID-19, the Moneycontrol Ready Reckoner will help keep your date with insurance premiums, tax-saving investments and EMIs, among others.
Get best insights into Options Trading. Join the webinar by Mr. Vishal B Malkan on May 28 only on Moneycontrol. Register Now!

First Published on May 8, 2020 02:56 pm
Sections
Follow us on