Can I get 12 months Moratorium period in SBI maxgain home loan ?

POSTED BY prashanthie ON April 21, 2014 2:19 pm ONE COMMENT

Dear Sir,

I have taken the loan of  34 L from SBI (Max Gain OD account) in APR 2012 with 10.10% interest for 25yrs. The flat cost is 45lacs. I have paid the EMI without any default.  Due to some tight cashflow situations, I preferred to opt for moratorium period.

Is it possible to avail 12 mths moratorium period? Do I need to pay any payment during moratorium period.  Kindly let me know the maximum moratorium period.

Regards,

Prashanthie

 

One reply on this article “Can I get 12 months Moratorium period in SBI maxgain home loan ?”

  1. ashalanshu says:

    Dear Prashanthie, you mean to say, moratorium period now in your running loan? Sorry, such facility is not possible. In case your cashflow, is tight, you should ask for loan term extension from SBI to reduce your EMI.

    Thanks

    Ashal

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