SBI Defers Installments & EMIs
JUST IN: India's largest bank, 'The State Bank of India,' just announced through its Twitter handle that considering the RBI's COVID-19 regulatory package. SBI has initiated steps to defer the installments, and interest/EMIs on Term Loans falling due between 1st March 2020 to 31st May 2020 and extended the repayment period by 3 months.
The interest in Working Capital facilities for the period 1st March 2020 to 31st May 2020 is also deferred to 30th June 2020.
But, I still advise you to pay off your outstanding if you can. If you need a reasonable explanation on deciding if you should avail of this moratorium or not, you can read the article 'Should you avail the 3 Months Moratorium or not?'.
SBI Defers Installments & EMIs
Reviewed by Rahmat
on
March 31, 2020
Rating:
Reviewed by Rahmat
on
March 31, 2020
Rating:
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