The Economic Times
English EditionEnglish Editionहिन्दीગુજરાતી
| E-Paper
Search
+

From settling EMI moratorium dues to which loan to pay off first, here's how borrowers can be debt-free

From settling EMI moratorium dues to which loan to pay off first, here's how borrowers can be debt-free
From settling EMI moratorium dues to which loan to pay off first, here's how borrowers can be debt-free

Synopsis

The moratorium has left borrowers with a higher loan burden. Borrowing will be difficult in the Covid-hit world. Some banks have even tightened lending norms. Watching your credit score has become more critical now. Find out how you can break free of this debt.

As the moratorium draws to an end, banks have started their collection efforts. Borrowers who opted for the relief now face an even bigger burden. Banks might restructure loans, but won’t waive the interest dues. They are now more picky about who they lend to. Many borrowers might find that even if their credit score was intact, lenders are not entertaining their loan requests or charging a much higher rate of interest.Those with multiple loans
Share This Article
  • GIFT ARTICLE
  • FONT SIZE
  • SAVE
  • COMMENT

To Read the Full Story, Become an ET Prime Member

Sign in to read the full article

You’ve got this Prime Story as a Free Gift

Access the exclusive Economic Times stories, Editorial and Expert opinion

Why ?

  • Sharp Insight-rich, Indepth stories across 20+ sectors

  • Access the exclusive Economic Times stories, Editorial and Expert opinion

  • Clean experience with
    Minimal Ads
  • Comment & Engage with ET Prime community
  • Exclusive invites to Virtual Events with Industry Leaders
  • A trusted team of Journalists & Analysts who can best filter signal from noise
The Economic Times