Authors : L. Ghadekar
Page Nos : 309-314
Description :
In pandemic situation and slow down in business , government analyse and recommend RBI to announce the facility of deferment of monthly installment of the loan for the three months in first announcement. Further they again announce three months deferment of monthly installment of the loan. But this long term burden on the consumer for time being it is deferred. But the interest on EMIs is accumulative and it will be recovered from the consumer. It is temporary relaxation but the financial burden will increase. This paper will analyse the impact of deferment of EMIs by banks on consumer after lockdown.
