Make sure you provide details of all loan accounts numbers along with the consent to pay the applicable interest for the period.The tenor of the loan will increase according to the accrued interest for the moratorium period so that your EMI is not changed.If there will be a change in your EMI amount, you may be required to set up fresh NACH debit mandate.Subject to your request for a moratorium, the BFL will not present the standing instructions.
However, you have an option to make any advance EMI payment as per existing terms of your personal loan.No. OTP has been sent to your mobile numberClick on 'Resend' if you want to get a new OTPPersonal loan customers of BFL, with consistent loan repayment track record, can opt for moratorium.
You will need to login and authenticate yourself On the 'raise a request' section, select “COVID-19 Moratorium Policy” option from the product dropdown Select your loan details and read the Terms & Conditions carefully Loans sanctioned or availed after 01 March 2020 are not eligible for EMI moratorium.The BFL has requested customers to make a request before the EMI SI date. You should inform the bank if your amount is debited.During the Moratorium period, no EMI bounce charge will be levied.No, your credit rating will not be hurt due to EMI delays during the moratorium period.
You will also be informed about the applicable If you are eligible for moratorium based on your consistent past repayment of EMIs and you are not more than two EMIs overdue for all your active loans with BFL, you will be offered moratorium for all of them. You will receive a communication on the revised interest applicable on your personal loan and your revised re-payment schedule will be updated on our self-service portal If you do not want to opt for EMI moratorium, there is no further action required from your side. For which month’s EMI can I request a moratorium on my personal loan? We understand that all our personal loan customers may not opt for it given that there is an additional interest involved in it, under the terms of the moratorium.As required by the company, you may need to furnish a fresh NACH debit mandate.For personal loans that have been offered moratorium, we will put the EMIs on hold, subject to the receipt of moratorium request prior to the EMI due date(s) & acceptance of the request.If you raise a request to opt for moratorium at least 7 days prior to your EMI due date, we shall not levy any EMI bounce charges.If you are eligible and you have opted for the moratorium, your credit bureau records will not be impacted due to non-payment of EMIs during the moratorium period. You can also avail services through these channels: WhatsApp: Give a missed call on 8506889977 for updates. We are redirecting you to our Personal Loan Application Form.
Our representative will contact you on this number shortly. This consent overrides my registration for DNC/NDNC. 25 lakh for your dream destination weddingWant to reduce the EMI on your ongoing personal loan?Your mobile number has been successfully verified and updated.
Don't close your browser window. You need to raise a single request to avail moratorium for all your active BFL loans.