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RBI extends EMI moratorium for another three months

RBI today announced to extend the EMI moratorium for another period of three months from 01st of June to 31st August 2020, this means that the existing EMI holiday applicable on loans including working capital limits are further extended to next three months, starting from June 2020.

EMI moratorium

RBI further announced that Working capital interest can further be treated as term loan outstanding and can be repaid in installments up to March 2021.

This is applicable to all types of borrowers including Individuals , Proprietorship, Partnership , LLP, Private Limited Company and others

Fastlegal Team

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