"Moratorium is not a waiver. It is essentially to take care of the cashflow mismatch caused because of the lockdown," says CS Setty, MD, SBI to BOOM's Govindraj Ethiraj.
He further explained,
* Interest which is not paid for the 3 months will get added to one's liability and so the number of EMIs will increase.
* Negative impact on the credit score is absolutely not there on the account of this moratorium.
* Impact of the moratorium will be on the additional interest cost.
* Purpose of the moratorium is to put additional cash in the hands of the people who require it.
Watch the full episode to know all the details.
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