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Moratorium Guidelines

Dear Customers,   We wish you well and hope you and your family stays healthy and safe. As per the guidelines issued by RBI vide the notification number RBI/2019-20/186 DOR.No.BP.BC.47/21.04.048/2019-20 dated March 27, 2020, financial institutions are permitted to give moratorium to customers installments in respect of all term loans (CV/SME/TW loans in terms of our Company business) outstanding as on March 1, 2020. We hereby explain the impact of moratorium for your information:

1. Interest will continue to be charged on the outstanding loan amount during the period of moratorium as well as the extended tenor of your loan.  

2. Unpaid interest amount of your loan account during this period of moratorium will be capitalized i.e. added to your outstanding principal amount. In order to keep your installment at the current level, the tenor of your loan will be enhanced accordingly.  

3. Your EMI amount will remain same, but the amount of interest on your loan will increase due to extension of the remaining tenor of your loan.  

4. Therefore in case you are financially comfortable to pay the EMI it would be to your advantage to pay the EMI as per schedule.   

Please decide according to your convenience. If you want to avail moratorium, please download the request PDF form for Moratorium and submit to us by mail/post.  Our email id is digantafinance@gmail.com and cc to jayanagar@digantafinance.com.  You can call our office or our executives, if you need any assistance in this regard.