Debt restructuring packages: Banks are taking a considerate view on home loan repayment by job-loss victims, thereby helping borrowers retain their homes.
1) Extending the loan tenure
2) Waiver of part-interest
3) An EMI holiday
Although the March 31 deadline set by the Reserve Bank of India for receiving loan restructuring applications has expired, banks continue to consider such proposals from home loan borrowers.
The relief offered by banks include granting EMI holidays to borrowers faced with job losses and pay cuts.
“We are open to such restructuring proposals, including EMI holidays, even now and are mulling other options,” confirmed a senior official with a leading private bank, on condition of anonymity.
To read more, please, visit - IndianRealtyNews
Please, share your tips:There is no need to feel shy about job loss. Opting for the debt restructuring packages is the most honest way of dealing with the reality. Please, share your tips about it in the comments. Comments Policy
Feel free to call me:I enjoy talking, sharing my views and giving advice about buying property in Pune real estate market (so, i do not charge anything for the first 5 minutes!) Call +91 98600 44110
Subscribe for Free!To receive free emails or free RSS feeds, please, subscribe to Ravi Karandeekar's Pune Real Estate Investment Blog
For my blogs on Pune real estate market news, real estate projects near Hinjewadi, real estate advertising and marketing in Pune and other related topics, please, visit and join my Ravi Karandeekar's Pune Real Estate Blog Group