It is not just three equated monthly instalments (EMIs) that will get added to your home loan repayments if you choose to go in for a moratorium. Asking borrowers to defer EMIs only if they have no cash, banks have said that interest for the three months would get compounded if not repaid at the end of the period.
It is not just three equated monthly instalments (EMIs) that will get added to your home loan repayments if you choose to go in for a moratorium. Asking borrowers to defer EMIs only if they have no cash, banks have said that interest for the three months would get compounded if not repaid at the end of the period.