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131: You may be denied loan if you opted for EMI moratorium
Why Not Mint Money
English - June 05, 2020 11:53 - 6 minutes - 5.85 MBInvesting Business stock market inida business news beer biceps finance financial podcast financial advice financial service company money matters money talks investment livemint podcast Homepage Download Apple Podcasts Google Podcasts Overcast Castro Pocket Casts RSS feed
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Many people have opted for EMI moratorium despite the fact that the RBI and banks clearly stated that it comes with an additional cost. However, there is an unintended consequence which people might have to face if they have opted for EMI moratorium. We explain how taking moratorium can lead to rejection of your fresh loan application despite the fact that RBI has stated that it will not have an impact on your credit score.