3-Months EMI Moratorium by RBI- How do you benefit from it?
Complete guidance by Toughcons Nirman Pvt. Ltd. on how to take the benefit of the 3 Months EMI moratorium on Term Loan given by RBI due to arising financial stress because of COVID-19 Pandemic Lock down.
https://drive.google.com/open?id=1X-fp3G0Vb7jlbgvtsTwzZkoX2OFDZhbf
Format letter to Bank for EMI Moratorium period due to Covid-19 pandemic, please add your loan details and send it to your respective bank.
Dear Sir/Madam,
We are enjoying Credit Facility with your Bank viz Loan A/c # _________ .However Due to nationwide lockdown and spread of COVID – 19, it has become difficult to continue regular and routine business activities. Therefore we request you to grant us a three months moratorium period in our loan tenure starting from this month I.e. the EMI due in April and for the month of May and June.
We will start paying the EMIs from July onwards as usual and undertake to pay the 3 months Moratorium EMIs through an extended Tenure by three more months. We would be highly obliged if you consider the same as per the recent Government / RBI Announcements.
Please confirm the above. We assure regular loan payments as we have been doing in the past and appreciate your support to us for fighting the crisis the pandemic has created.
Regards,
