Advantages 

• Provide substantial relief to the customers who are facing financial stress due to covid

• Moratorium relief to customer for 6 months - no payment of EMI for 6 months

• Customer can make partial payments as per the availability of funds and subsequent interest benefit would be passed on to the customer for the partial amount

Disadvantages 

• Interest will continue to accrue during the moratorium period which would be added to the outstanding amount, resulting in an increased overall cash outflow

• Post moratorium, EMI amount will remain same, however tenure of the loan will be extended

• Account would be tagged as 'Restructured' and reported to all Credit Information Companies