Do not avail moratorium if you have the cash
Updated : April 01, 2020 09:00 PM IST
If you have five years of residual EMIs, and you are paying around 50,000 per month, your repayment to the bank goes up by Rs 1 lakh.
At the end of the spectrum, if you have just begun your 20-year home loans, at Rs 50,000 per month, availing the moratorium costs you Rs 7.5 lakh.
Short point, the moratorium comes at a cost. Avail of it only if absolutely necessary.