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If a customer has overdue on EMIs before start of moratorium period, will that attract penal charges?

mahindra-finance-author

by Mahindra Finance

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June 23, 2023

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1 mins read

Yes. The moratorium is provided for EMIs due in the moratorium period. Any overdue for EMIs which were due before moratorium period will attract penal charges and no relaxation is given on that. However, for the EMIs due in the moratorium period, no penal charges will be charged and repayment will be modified as per the communication sent out to customer.

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