Our finance minister just announced moratorium 2.0 few days back and finally after several clarifications, I've put in some thought and figured out should I apply or not?
The core intention of the moratorium is to ease cashflow for those affected by the lockdown where they don't have to pay the installments for the next 6 months. However, interest will still be calculated just not compounded.
Anyway, if you have sufficient cash and choose not to apply, it's entirely up to you. If you are struggling financially, then this is for you. If you know what to do with your money, then do consider taking it. If you're just gonna spend the money on silly things, PLEASE DON'T.
