You may apply for a moratorium on your loans/ credit cards/ credit facilities with ICICI Bank. In case you choose a moratorium, the instalments and payments due on your loans/ credit cards/ credit facilities for the month of August 2020 will be postponed. Please note that the interest (on the outstanding principal and interest thereon) will continue to accrue during the moratorium period and the tenure of the loan will increase.
For working capital facilities, the Bank is pleased to provide an option to postpone the interest payable during the month of August 2020. Interest on the outstanding amount of the facilities availed shall continue to accrue during this period and the accumulated accrued interest shall be payable immediately after the completion of the moratorium period.
Points to Note: