Banks Links to STOP EMI for 6 Month moratorium – HDFC, SBI, ICICI, Axis, Bajaj
Steps which helps you to stop emi for 3 months moratorium – SBI, HDFC Bank, Punjab & Sind Bank, PNB, Union Bank, United Bank, Indiabulls, ICICI Bank, Axis Bank, SMFG India, Bajaj Finance etc.
HDFC Bank:
In line with the RBI guidelines and to show our solidarity in standing with you, HDFC Bank is offering it’s customers EMI moratorium and credit card outstanding moratorium as a relief measure.
How do I get this EMI moratorium?
You will have to provide your consent to the bank through any of the following ways:
Link for Apply HDFC EMI Moratorium – June to Aug 2020
– Submit your request in a few clicks here
Note: Keep your loan account number handy before you start the process..
Process to Stop HDFC Bank Credit Card EMI for 3 Months – Click Here
State Bank of India: On its Twitter handle the bank said that they have initiated steps to defer the instalments and interest/EMIs on term loans falling between March 1, 2020 and Aug 31, 2020.
Punjab and Sindh Bank: The bank has announced that deferment of EMIs on loans taken from it on its twitter handle. As per the bank’s tweet, “Deferment of loan instalments on account of COVID-19. We understand these are challenging times. As a Special dispensation, deferment of instalments for the month of March, April and May 2020 towards your loan accounts is available.”
Download Application Form to Stop SBI Loan EMI – Click Here
Process to Stop SBI Bank Credit Card EMI for 3 Months – Click Here
Other Banks Links to Process for EMI Postponed
Banks Name | Links for Process |
Bajaj Finserv EMI STOP | Click Here |
SMFG India EMI Stop | Click Here |
SBI Loans EMI Stop | Click Here |
SBI Credit Card Stop Payment | Click Here |
HDFC Bank Loan EMI Stop | Click Here |
HDFC Bank Credit Card Payment | Click Here |
ICICI Bank Loan / Credit Card Payment | Click Here |
Canara Bank EMI Postponed | Click Here |
IDBI Bank EMI Postponed | Click Here |
Canara Bank | Click Here |
Andhra Bank | Click Here |
Indian Bank | Click Here |
Uco Bank | Click Here |
Syndicate Bank | Click Here |
Indian Overseas Bank | Click Here |
Bank of Baroda | Click Here |
Central Bank of India | Click Here |
Oriental Bank of Commerce | Click Here |
Punjab National Bank | Click Here |
Allahabad Bank | Click Here |
Bank of India | Click Here |
Union Bank | Click Here |
IDBI Bank: The bank has also granted its customers a three-month moratorium on repayment of loans.. As per a tweet on the bank’s official Twitter handle, “IDBI Bank extends moratorium on Term Loan instalments/interest and deferment of interest on working capital loans of borrowal accounts impacted due to COVID 19 for 3 months. Customers whose cash flows are not impacted and wish to continue payments are allowed option to pay as per existing schedule. For details, please visit http://idbibank.in”
The further details regarding extension of moratorium can be checked here.
If the borrower does not want to avail the extension, he/she will be required to do the following as per the bank. “Customer may opt out from EMI moratorium by writing email to moratorium@idbi.co.in
- The email should mention the following details:
- Email Subject should be Loan Account number
- In the mail body please mention the following details
- Name of the borrower.
- Loan account number.
Customer to mention in the email that ‘I wish to opt out from the instalment moratorium facility offered by the bank, hence kindly deposit my EMI by way of ECS/SI’.”
IDBI Bank extends moratorium on Term Loan instalments/interest and deferment of interest on working capital loans o… https://t.co/1ac4hrV5lg
Canara Bank: “In terms of Covid 19- RBI package, borrowers are eligible for moratorium/ deferment of installments/EMI for Term loans falling due from 01.03.2020 to 31.05.2020 & repayment period gets extended accordingly. SMS also has been sent to customers to avail the same,” said the bank on its Twitter handle.
In terms of Covid 19- RBI package, borrowers are eligible for moratorium/ deferment of installments/EMI for Term lo… https://t.co/H8KDoNuPoF
The bank is further providing collateral and margin free loans up to Rs 20 lakh to SHGs with immediate effect.
Collateral & Margin free loans to #SHGs increased to Rs. 20 Lakh with immediate effect, who mainly belong to Weaker… https://t.co/UR1Fvyyl0D
Andhra Bank: The bank on its Twitter handle has also announced relief to borrowers by providing moratorium of three months on payment of all term loans instalments, credit card dues.
Important Announcement @DFS_India @DFSFightsCorona @DebasishPanda87 #COVID19RBIPACKAGE #StaySafe… https://t.co/2fFva8Hk2c
Due to COVID 19, all Term Loan Installments including interest falling due between March 1, 2020 and May 31, 2020 a… https://t.co/xg1ytmKYds
Indian Bank: The bank has also announced to provide three-month moratorium to its customers. As per the bank’s tweet, “As per COVID 19 regulatory package of RBI, Indian Bank allows a moratorium by deferring payment of EMI/ Term Loan Instalments & Interest/ Interest on Working Capital for 3 months w.e.f 1st March 2020.”
As per COVID 19 regulatory package of RBI, Indian Bank allows a moratorium by deferring payment of EMI/ Term Loan I… https://t.co/COrlIDFNop
UCO Bank: The bank has announced the three-month EMI moratorium on its term loans up to May 31, 2020. The next instalment is now payable in the month of June 2020. The repayment schedule will be extended accordingly.
An important update from us at UCO Bank. @DFSFightsCorona @DFS @RBI @PMO @IBA @FinMin @MOH #COVID19 #Corona… https://t.co/r5eygW0g3L.
Customers who’s Cash Flow is not impacted and wish to continue the EMI/ Installment Payments, may pay as per the ex… https://t.co/YCMeCMz5Sm
Syndicate Bank: The bank has said, “EMIs of housing loan, vehicle loans, MSME loans and payment of all other term loans falling due after 1st March 2020 and upto 31st May 2020 have been deferred by 3 months.”
EMIs of housing loan, vehicle loans, MSME loans and payment of all other term loans falling due after 1st March 202… https://t.co/hnTkcqGLMR
Indian Overseas Bank: “In terms of Covid 19- Regulatory Package, borrowers are eligible for moratorium/ deferment of installments/EMIs for Term loans falling due from 01.03.2020 to 31.05.2020,” said the bank via a tweet on its official account.
In terms of Covid 19- Regulatory Package, borrowers are eligible for moratorium/ deferment of installments/EMIs for… https://t.co/8qHtjuBnNN
Bank of Baroda: The bank has announced as follows: “#BankofBaroda is providing a moratorium of 3 months on payment of all instalments falling due between 01.03.20 & 31.05.20 for all term loans including Corporate, MSME, Agriculture, Retail, Housing, Auto, Personal loans, etc. in pursuance of the RBI COVID-19 Regulatory Package.”
#BankofBaroda is providing a moratorium of 3 months on payment of all instalments falling due between 01.03.20 & 31… https://t.co/wNg6l95scl
Central Bank of India: As per the bank’s website,”Allowing moratorium of 3 months on payment of instalments in Term Loans, which include (i) principal and / or interest components (ii) bullet repayments (iii) EMI (iv) credit card dues, fallingdue between 01 March 2020 and 31 May 2020.The repayment schedule for such loans as also the residual tenor will be shifted across the board by 3 months after the moratorium period. Interest shall continue to accrue on the outstanding portion of the term loans during the moratorium period.”
Information for Customers on relief measures- @DFS_India @FinMinIndia https://t.co/zcKOoL6bCm
Further details can be checked here.
Oriental Bank of Commerce (OBC): The bank has announced a grant of three-month moratorium to its customers on its Twitter handle. As per the bank, “In view of COVID-19 pandemic, OBC provides moratorium of 3 months on payments of instalments/interest falling due between 01.03.20 to 31.05.20 for term loans and working capital facilities & allowing easing of working capital financing.”
In view of COVID-19 pandemic, OBC provides moratorium of 3 months on payments of instalments/interest falling due… https://t.co/a6kuw81nCe
Further details can be checked here.
Punjab National Bank: PNB has said, “PNB presents relief scheme for our customers. In view of COVID-19, it has been decided to defer payment of all installments on term loan and recovery of interest on cash credit facilities falling due between March 01,2020 and May 31 2020.”
PNB presents relief scheme for our customers. In view of COVID-19, it has been decided to defer payment of all inst… https://t.co/xt7sYHm3DS
For further details bank has asked customers to contact the branch.
Allahabad Bank: The bank on its twitter handle has announced the deferring EMIs on all loans by three months.
Dear customers, owing to business disruption caused by COVID-19 pandemic, Allahabad Bank is deferring EMIs on all l… https://t.co/EOVWxTNGCz
Bank of India: The bank on its twitter handle has announced that moratorium on all terms loans (including personal loans, vehicle loans etc.) across the board has been granted as per the RBI guidelines.
Bank that cares….. #WeAreInThisTogether @DFS_India @DFSFightsCorona @FinMinIndia https://t.co/BwVFGENpDE
Union Bank of India: The bank said, “We are extending COVID-19 Relief to customers to defer their instalments / interest falling due between 01/03/20 to 31/05/20 for 3 Months. Ease out financial crunch by deferring your Instalments / EMI for 3 Months falling due between 1/3/20 to 31/5/20 during Coronavirus Pandemic.”
We are extending COVID-19 Relief to customers to defer their instalments / interest falling due between 01/03/20 to… https://t.co/eNPy9oZgT9
Ease out financial crunch by deferring your Instalments / EMI for 3 Months falling due between 1/3/20 to 31/5/20 du… https://t.co/GIlRcoLNhs