IIFL is offering top up loans without moratorium
April 29, 2020
During the time of the pandemic, IIFL finance is offering top-up loans without moratorium for its existing customers. These loans will create an opportunity to expand the loan books during the tough times and it will help borrowers to meet their needs.
Monu Ratra, CEO, IIFL Home Finance said, “We are offering loans to the customers without the moratorium and we are providing securities on loans and we have sufficient capital for our customers who have emergency needs”.
The Central Bank has allowed granting moratoriums to the accounts in default but standard, nonpayment for one month to three months. The initiative has its share of critics.