mumbai lenders including sbi are working on restructuring options for home loans where the overall tenure of the loan does not extend by more than two years even after relaxing the repayment schedulethe options include allowing emi deferment for a few months in cases where the borrower has suffered total loss of income or allowing stepup emis with a lower payout for a couple of years to make up for a reduction in salary or loss of income due to the pandemicread alsoworking from home may prove taxingwork from home may feel lighter on your pockets now without the cost of a daily commute or leisure travel employees might end up paying over 70 more income tax for fy21 assuming remote work continues till the end of the fiscal as professionals work from home salary components such as conveyancebanks reassess loans home buyers in soupin the season of salary cuts and job losses builders and people who booked flats in their projects now have to deal with another challenge flat buyers whose loans were sanctioned by banks have been asked to resubmit their new salary slips due to salary cuts and largescale retrenchment banksnow individual businesses can get topup loans on govt guaranteethe government on saturday expanded the coverage of the guaranteebased top up loans for small businesses to include individuals such as dentists doctors shopkeepers and truck and cab owners who had availed of loans from bankscovid shot companies offer wfh allowancenow in its sixth month work from home wfh in india has had its share of hiccups a couple of months ago google had announced it would give every employee 1000 to buy necessary equipment and office furniture now several indian startups have also introduced benefits to keep up productivityaccording to sources the kv kamath committee will not look into retail and home loan restructuring and banks will draw up their own proposal which they will submit to their boards by early next month after getting an idea of the number of borrowers facing stressbankers are keen to restructure loans in order to avoid having to classify defaulters as nonperforming assets also banks say this isnt the right time to enforce security and attach assets though rbi has let banks extend loan tenure by two years bankers say that they cannot provide a twoyear moratorium anyone with a 15year loan who has availed moratorium for six months will already see their overall loan tenure extend by 14 months this means that at most banks can defer emi by a few months the exact relaxation would depend on the interest rate that the borrower will be paying while home loan rates have come down to below 7 banks say that it will be difficult to provide their best rates to restructured loans as lenders have to make an additional provision of 10 on restructured loans this will increase costs by up to 30 basis pointsaccording to the terms of reference of rbis appointment the kamath committee is expected to