EMI Moratorium FAQs

    • What is meant by moratorium?

    • Is moratorium compulsory or optional?

    • Will the loan tenure increase?

    • Is Lexus Financial Services (LFS) giving moratorium to all the customers?

    • For which month EMI can I request a moratorium?

    • Will Interest be charged on outstanding loan amount for moratorium period?

    • If I do not want the EMI moratorium, what should I do?

    • Will the moratorium be applicable in case of new loans disbursed up to 1st Mar 2020 during the lockdown period?

    • When can I place a request for Moratorium?

    • Will I be communicated if my request for moratorium has been accepted?

    • Will I be given moratorium for all my active loans with LFS and will I need to give separate request for all loans?

    • How will the treatment of my loan be after the moratorium period?

    • Will I be required to submit any documents, fresh additional NACH debit mandate?

    • Will my EMIs get debited from my bank account during the moratorium period?

    • Will bounce charges be levied for EMI’s of the moratorium period?

    • Will late payment penalty be levied for EMI months of the moratorium period?

    • Will my Credit Bureau records be impacted if I apply for Moratorium?

    • How can I place request for Moratorium?