also be applicable on credit card duesin respect of all term loans including agricultural term loans retail and crop loans all commercial banks including regional rural banks small finance banks and local area banks cooperative banks allindia financial institutions and nbfcs including housing finance companies are permitted to grant a moratorium of three months on payment of all instalments falling due between march 1 2020 and may 31 2020 said the rbis circular to all banks and nonbanking financial companiesthe repayment schedule for such loans as also the residual tenor will be shifted across the board by three months after the moratorium period interest shall continue to accrue on the outstanding portion of the term loans during the moratorium period rbi saidas of januaryend over rs 13 lakh crore of housing loans and rs 2 lakh crore of auto loans were outstanding data with the reserve bank of india showsbesides retail borrowers micro small and medium enterprises and large companies will also benefit from the rbis relaxation of loan repayment read alsoemergency coronavirus cut rbi slashes repo rate by 75bps maintains accomodative stancerbi to infuse rs 374 lakh cr liquidity into financial system ians published on mar 29 2020 at 0831 am ist telegram facebook copy link be the first one to comment comment now comments comment now read comment 1 all comments post post find this comment offensive choose your reason below and click on the submit button this will alert our moderators to take actions reasons for reporting foul language defamatory inciting hatred against a certain community out of context spam others report join the community of 2m industry professionals subscribe to our newsletter to get latest insights analysis download etauto app get realtime updates save your favourite articles scan to download app emi payment rbi reserve bank of india bank loan auto loan moratorium homenewsindustryhigher interest if you defer emi payment for three months