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FEDBANK COVID-19 Moratorium

Date: 01 July 2020

Subject: Regulatory measures and reliefs announced by RBI in view of COVID 19 – Fedfina’s Policy for implementation.

Brief Background:

RBI Governor’s Monetary Policy Statement issued on March 27, 2020 had announced certain regulatory measures to mitigate the debt-servicing burden on borrowers in view of the disruptions brought out by the current situation. As a follow up RBI has also issued a circular DOR.No.BP.BC.71/21.04.048/2019-20 dated May 23, 2020 detailing the guidelines.

Fedfina’s Policy for providing said relief to its borrowers:

I)  For its Non-Gold Loan Customers (LAP, Affordable Housing, Business Loans, NBFCs and Real Estate Developers):

  • The scheme shall be applicable to all loans which are active as on May 31, 2020
  • The eligible Moratorium period for these loans will be for instalments falling due between June 1, 2020 to August 31, 2020. The borrowers will be given a choice each month during eligible moratorium period to opt for moratorium for the month. –
  • Interest shall continue to accrue on the outstanding amount during the moratorium period and shall be capitalized monthly.
  • If borrowers had availed moratorium for the previous months, if any and desires to continue availing Moratorium for the instalment falling due for the month of July 2020, Borrower shall be required to Opt-in by clicking on link sent through SMS to borrowers or by sending an email from their registered email ID to quoting their Loan account number.
  • The rescheduling of payment shall not be treated as concession or change in terms and conditions of sanction / loan agreements.
  • The rescheduling of payment will not qualify as default for the purpose of supervisory reporting to Credit Bureaus and as such would not impact the credit history of the borrowers. The relief given as above will not result in any downgrade of asset classification.

  Implementation of Scheme:

  • Fedfina shall continue to bank/ debit the EMIs/ PEMIs/ Interest for all its customers as per contracted due dates. It shall only exclude those customers who have approached it specifically to avail of the moratorium option by consenting to the applicable terms. All customers who desire to avail relief under the policy shall Opt in Moratorium by clicking on link received on SMS or send an email from their registered email id to quoting their Loan account number.
  • Currently borrowers can apply for a moratorium for the month of July - 2020 and if borrowers desires to avail a moratorium for the month of  August - 2020, the borrower will need to re-apply and Fedfina shall notify regarding the same.
  • All customer’s whose EMI gets cleared on presentation on due date shall continue to remain under regular program.
  • Customers, whose instrument so sent for collection is not cleared, will be deemed to have availed of the moratorium and necessary relief would be provided as per the RBI guidelines. A SMS communication to this effect with an option to  Opt-out of Moratorium plan for the month will be sent to borrowers.
  • No overdue, penal or bounce charges shall be levied on customers opting for moratorium option, during the applicable month. Fedfina shall refund/ waive the same.


  • The proposed scheme shall not be applicable to borrowers where recovery proceedings have been initiated by Fedfina under SARFAESI, Section 138 of Negotiable Instrument Act, Arbitration, NCLT / Insolvency and Bankruptcy Code (IBC) and NPA accounts.

II) Gold Loan Customers

Safety and well-being of Our Customers, Employees and Partners is of utmost importance to us. We have taken necessary precautions at our branches and have opened the operations so that our customer do not face any hassle in dealing with us.

Fedfina provides various Gold loan schemes that offers flexibility to its customers in making bullet as well as regular repayments.

Relief: (Applicable for all eligible Gold Loan accounts as default)

  • In line with RBI guidelines, relief shall be applicable to all live gold loans which are maturing between 01 March 2020 to 31 August, 2020.
  • Live Accounts maturing during the period between March 1, 2020 to August 31, 2020 shall be provided with appropriate grace period to repay the loan accounts. Maturity dates of these accounts are postponed till end of moratorium period.
  • Interest shall continue to accrue during the Moratorium period.


  • Loan specific conditions may be laid down by Fedfina for the above relief.
  • In respect of concessions/reliefs granted under this policy, requisite documentation may be taken by Fedfina, including through electronic form.
  • This policy shall be valid up to August 31, 2020 or further period as may be extended by RBI

 While this policy outlines the broad level guidance that Fedfina will follow regarding moratorium, Fedfina shall retain sole discretion to take decisions regarding this policy on case specific issues within regulatory framework.

If you wish to calculate your revised EMI amount and loan tenure after availing Moratorium click here

Moratorium EMI Simulation

Outstanding Amount   Rs.
Interest rate   %
Balance Tenure   Months
Moratorium Months   Months

To download offline version of moratorium calculator, click here

Increase in total months to pay at end of tenure if you avail moratorium
Months: 24
Increase in monthly EMI with same tenor if you avail moratorium
EMI: ₹ 6050

Disclaimer: The EMI Moratorium calculator is meant to be an indicative tool to help you calculate the additional interest and EMI amounts payable if you avail the moratorium. The calculator results are approximations and for information purposes only and the result would vary depending upon change of interest, etc.

Moratorium EMI Calculator

  • New Tenor 0
    No. of Tenor increased 0
    Incremental Cashoutflow 0
  • Current EMI 0
    New EMI 0
    Increase in EMI 0
    Incremental Cashoutflow 0
  • Current EMI 0
    New EMI 0
    Increase in EMI 0
    Incremental Cashoutflow 0

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