IndiaBulls — IndiaBulls denying to apply Government Waiver Scheme due to COVID-19

Address: Nashik

Hi team,

My LAN # - HHLNAS00213628

I have been repaying Loan EMI's consistently. Government has provided an interest waiver scheme due to COVID-19 and based on discussion from Indiabulls SPOC I got information that please do not opt in for a Moratorium benefit as it will cost you more in the future and will have compound interest burden into the Principal amount.

I managed my dues and have not yet bounced hence I am expecting the government interest waiver scheme should be applicable. When I contacted them and discussed this they said we have not received this scheme and not aware about this scheme too.

Based on their answers over the phone I am afraid if Indiabulls can help hence submitting this complaint. Please help.

Please reply.