Corona virus - Loan Moratorium
In line with RBI guidelines, IFIN Securities Finance Ltd is offerring its customers moratorium for its LAS customers for making interest and principal ( except repayments arising due to margin shortfalls)payments. Accordingly, customers of ISFL who have availed LAS prior to 1st march 2020 are eligible for the scheme. ISFL will not ask for interest and principal ( except repayments arising due to margin shortfalls) till 31st August 2020. Customers desiring of opting for the same, can send their request to
isflops@ifinltd.in. The request shall be considered on a case to case basis subject to other parameters. The loan tenure will get extended by the corresponding period for which the moratorium has been availed. The interest shall be levied at the contracted rate of the loan period of moratorium and such interest will be collected by extending the original tenure of the loan accordingly.
Customers not opting for moratorium can continue to paytheir obligations as per their original loan schedule.