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