Payment Of Credit Card & Personal Loan Dues Despite Moratorium

The RBI has given a three-month moratorium on loan repayments in light of COVID-19’s impact on the economy and consequently on people’s jobs. But is it a good idea to defer payment of your loan dues? Let’s find out.

The RBI recently allowed all lending institutions to offer a three-month moratorium to borrowers on repayment of all term loans. This also includes Credit Card dues. The moratorium is for all installments that are due between March 1, 2020 and May 31, 2020.

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Don’t Defer Payment Of Credit Card And Personal Loan Dues Despite Moratorium

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