BREAKING : BANK OF BARODA PROVIDES 3 MONTHS MORATORIUM ON EMIs OF ALL TERM LOANS

Bank of Baroda is providing a moratorium of 3 months on payment of all instalments falling due between 01.03.20 & 31.05.20 for all term loans including Corporate, MSME, Agriculture, Retail, Housing, Auto, Personal loans, etc. in pursuance of the RBI COVID-19 Regulatory Package.

The repayment schedule as well as residual period of the term loan will increase by 3 months due to moratorium.

Interest during the moratorium period will continue to be accrued.

The recovery of interest on cash credit/overdraft during the period 01.03.2020 to 31.05.2020 (moratorium) deferred and will be recovered after moratorium period. For details visit : https://www.bankofbaroda.in

Source : https://twitter.com/bankofbaroda/status/1244895536328495104?s=19