As per the RBI notification, Indifi Capital had provided its customers an option of availing moratorium on EMIs of their loan.
Customers who chose a moratorium, interest in their loan account continued to accrue on the EMIs for which moratorium is provided at the same rate as contracted for the loan and such interest is to be collected by extending the original tenor of their loan. There is no change in terms and conditions of the loan with Indifi Capital Pvt. Ltd
On acceptance of moratorium, no cheque bounce charges or overdue charges are levied to loan account for such EMIs covered under Moratorium
For loans which are covered under deduction at source and E-Collect mechanism, the lender reserved the right to continue with such deductions during the moratorium period.