Since the global outbreak of coronavirus (COVID-19), the panic and fear among the public throughout the globe is spreading faster than the virus.
Out of all the economic shocks, consumer confusion is the most deadly. The impact of COVID-19 is not only limited to the demand side of the market, but the supply chain is also equally hindered.
Throughout history, a pandemic has had a negative impact on business across all levels. In 2020, the coronavirus pandemic has created a similar ripple effect in the global economy, where the total loss from the impact is estimated to be $1 Trillion.
In India and around the world, the impact of the coronavirus pandemic is not limited to a few sectors but is evident across all stakeholders of the economy. For instance, venture capital activity in the Indian ecosystem has witnessed a slowdown as social distancing and self-isolation are hampering investor meetings. Similarly, a negative impact is evident across both the white-collar and the blue-collar sector.
Many leading companies in India are proactively assuring employees that they will be taken care of financially while the lockdown continues or even if it gets extended. From paying advance salary to both regular and contractual workers a week before the usual salary credit date to honoring joining date commitment for new joiners even if they cannot come on board, companies are going all out to reassure employees.
Despite financial assistance and salary assurance by corporate companies and government, for many employees, it could be very tough for the EMI payments. (see also: Coronavirus Outbreak: Relaxation on Loan EMI Payment Timelines)
Auto Debit EMI Cant be Cancelled. You Need to Send Mail to below ID’s to Hold the EMI From Your registered Email ID’s.
Below Bank Details for Who is Running Unsecured Business Loan.
Draft letter to be sent from registered email id.if you want to avail exemptions from paying emi in coming 3 months
I have taken________ loan vide loan account no ________ from your bank. My main source of income is __________ and the same is got affected due to lockdown. As per the latest announcement by RBI I wish to get the benefit of three months moratorium which will help me to reduce my financial burden in this crucial time.
I will start paying the EMI / payments on a regular basis as per the RBI guidelines.
Kindly do the needful and grant me the benefits of moratorium period,
Amid financial turmoil, EMI payments could be very tough for many employees. So, employees, need to send Mail to above-mentioned ID’s to Hold the EMI From Your registered Email ID’s. We hope this article was helpful.