Loan Moratorium Interest on Interest Waiver Government Announced Cashback on Loan

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Centre waives compound interest on loans up to Rs 2 crore: How will the cashback work
Interest waiver: Paid EMI on time during lockdown? Banks to offer cashback now

Loan cash back scheme: A borrower with a Rs 50 lakh home loan outstanding, for example, will get a benefit of around Rs 12,425 in the form of savings on accounts of compound interest for a six months period, assuming the rate of interest at 8 per cent.

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