ET Explains: Everything you need to know about the new moratorium interest relief facility

During the moratorium, borrower paid interest on the interest, or compound interest. This is because interest due every month got added to the total loan amount. Then, interest was charged on that higher principal for successive months, which means borrowers had to pay interest on the interest that got accumulated during the period.
Read More

Leave a Comment

Your email address will not be published. Required fields are marked *