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How To Apply For EMI Moratorium In SBI, HDFC, ICICI, Bajaj Finserv, AXIS And More?

How to apply for EMI moratorium? Learn how you can apply for the three-month moratorium from loans and EMIs in your bank through this extensive and simple guide

How to apply for emi moratorium

The Reserve Bank of India (RBI) declared on March 27, 2020, that all lending institutions, including banks and housing finance companies, will have to provide its borrowers a three-month moratorium on term loans. The moratorium is available for payments of all instalments, including principal and/or interest components, bullet repayments, equated monthly instalments (EMIs) and credit card dues falling due between March 1, 2020, and May 31, 2020. This means that customers can choose to opt for a moratorium during this time of lockdown to avoid failing in payments of upcoming EMI dues.

What exactly is a moratorium?

A moratorium is not a loan or EMI waiver. A moratorium only allows a borrower to defer a loan instalment; in this case, by three months. That is, customers who have EMIs due between March 1 and May 31 can defer the payments.

How to apply for EMI Moratorium?

The customers can apply for loan EMI moratorium easily through mobile banking, internet banking and more. The banks and housing finance companies have started providing moratorium for their customers who want to opt for it during this lockdown period. However, the process for availing moratorium may differ from bank to bank. Here is a step by step guide on how to apply for a moratorium in your bank. 

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How to apply for SBI EMI moratorium?

If you wish to avail moratorium, click here for SBI EMI moratorium link to raise a request for Moratorium.

  • Go to State Bank of India’s Stop EMI website to download the Annexure – I form.
  • Fill the form and send it in an email to the specified email to the specified email ID as per Annexure-II.
  • If you have given standing instructions to SBI for payment of instalments or EMI, you can also send a handwritten application in the same format to your home branch.

How to apply for Yes bank EMI moratorium?

If you wish to avail moratorium, click here for Yes Bank EMI moratorium link to raise a request for Moratorium.

  • An SMS will be sent by the Bank to your registered mobile number requesting you to ‘OPT IN’ for the scheme. 
  • You will have to click on the link provided in the SMS and follow the instructions if you choose to opt-in, on or before April 15, 2020 (unless otherwise extended by the Bank). 
  • In case of non-receipt of SMS or email, you can avail the moratorium benefit by accessing the link here. In case your mobile number is not updated or registered with us, you can register here to avail the COVID-19 Relief Package benefit for your term loan and/or cash credit or OD facility(ies).

How to apply for Bajaj Finserv EMI moratorium?

If you wish to avail moratorium, click here for Bajaj Finserv EMI moratorium link to raise a request for Moratorium.

  • You will need to login and authenticate yourself
  • On the 'raise a request' section, select “COVID-19 Moratorium Policy” option from the product dropdown
  • Select your loan details and read the Terms & Conditions carefully
  • If you agree with the Terms & Conditions, submit the request

A person can also write an email to Bajaj Finserv at with your request for a moratorium. The company will accordingly evaluate the request based on the defined policy and revert to you as soon as possible. 

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How to apply for ICICI Bank EMI moratorium?

If you wish to avail moratorium,  click here for ICICI Bank EMI moratorium link to raise a request for Moratorium. A person can opt for the moratorium by clicking on the link shared by the Bank through SMS or e-mail. You may also visit ICICI Bank's website The process for sending a request is simple- an individual just has to fill his or her Name, Mobile number, PAN card number and E-mail address.

How to apply for HDFC bank EMI moratorium?

You will have to provide your consent to the bank through any of the following ways:

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How to apply for Axis bank EMI moratorium?

The Axis Bank EMI moratorium is completely based online. One can simply opt for Axis bank EMI moratorium link through this link effectively. The process is simple to enter the registered mobile number and fills the image captcha on the box and press submit. Once you receive an OTP or a confirmation SMS, continue the further procedure.

How to apply for Kotak Mahindra EMI moratorium?

Kotak Mahindra Bank also requires the customers who wish to avail the moratorium to approach the bank through e-mail. “All customers who desire to avail the relief under the policy can send an email from their registered mail id to quoting the Loan account number,” the bank revealed in a statement.

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