Arallywood

  What can I do if finance company force me to pay loan EMI? If any bank or finance company force you to pay loan emi then you must request them to provide either loan moratorium or loan restructuring. Every bank or finance company or nbfc must have to provide loan moratorium or loan restructuring for upto 2 years as per RBI Resolution Framework 2.0 released on 05-05-2021 . If you are unable to pay loan emi then request your lender to restructure your loan to lower your emi for upto 24 months. Your lender may also grant you moratorium on your loan emi for upto 24 months. If lender grant loan moratorium then you don't have to pay emi for that period (Maximum moratorium period is 24 months as per RBI Resolution Framework 2.0). Your loan emi repayment will start immediately after moratorium period over. We hope you like this. Thanks for your valuable time.

  Online apps like walnut or established banks which one should be preferred for personal loans? Always prefer established bank for personal loans. Bank will provide very good interest rate as compared to walnut app or any other personal loan app. Now a days there are lots of privacy and security issues are happening with online lending apps. So always prefer to go for established banks for your personal loans needs.