SBI customers can defer their EMI’s for 3 months. How to SBI Loans Extension EMI for 3 months through Online | SBI COVID-19 RELIEF MEASURES . How to EMI Payment Relief State Bank of India Bank Offer Option and Bank EMI Relief Option letter download online. Banks affirm deferment of EMIs, interest dues for 3 months. how-to-sbi-loans-extension-emi-for-3-months-online.
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How to SBI Loans Extension EMI for 3 months through Online | SBI COVID-19 RELIEF MEASURES
Step by Step Process for How to SBI Loans Extension EMI
1. visit http://bank.sbi/stopemi
2. Download Annexure1
3. Get it sign and mail it from your email I’d to stopemi.lhoama@sbi.co.in
4. Those who don’t want to defer their EMI’s no need to do anything
5. If you have sufficient amount to pay EMI’s don’t use this option,it is just deferment of EMI’s, for that you have to pay extra interest
6. Already deducted EMI’s can also be reversed to your Savings account within 7 days from the date of your request received through mail
For any query call 18004253800
Final request, Please don’t visit to the branch for this purpose LOCKDOWN.
In terms of RBI COVID 19 regulatory package, SBI has extended moratorium of 3 months to all borrowers on all instalments and interest/EMIs on Term Loans falling due between 01.03.2020 to 31.05.2020. Accordingly, the total repayment period will be extended by 3 months over the original repayment period.
Options for Customer:
Particular
Course of Action
Customer who do not want to defer recovery of instalments /EMI
No action is required. They may continue to pay in usual course.
Customer who wants to defer recovery of instalments/EMI
NACH – Where collections of such instalment / EMI is effected through National Automated Clearing House (NACH), please submit an Application (Annexure-I) through an e-mail* to the specified email ID (Annexure-II).
Standing Instructions (SI) – Please submit an Application (Annexure-I) through an email* to the specified email ID (Annexure-II).
Customers who want refund of the instalment/EMI already paid
Please submit an Application (Annexure-I) through an email* to the specified mail ID (Annexure-II)
* If you are unable to send through e-mail, handwritten application can also be submitted in the same format to the home branch.
Effecting deferment of EMI/NACH/Refund may take approximately 7 working days. Please bear with us. Thanks for your cooperation.
