How to write declaration to bank that I am not availing moratorium?

Loan Moratorium (declaration for moratorium) is a widely discussed topic nowadays. Due do Coronavirus (Covide-19) attach worldwide many countries worldwide have implemented lockdown for months. Resulting this financial infrastructure is now as earlier.  People are losing their job, business, and resulting in this they are getting less income. Hence it is necessary to complete essential needs than paying EMI for your loan when you are in such a crisis that is worldwide. Hence RBI (Reserve Bank of India) reached out to several banks and non-banking finance companies to say that borrowers should have the option to take a moratorium.


What is moratorium meaning


A moratorium duration is the time in the course of a loan term while the borrower isn’t required to make any reimbursement. It will be a waiting period before which repayment of EMIs resumes.



RBI announced moratorium for a three-month moratorium on the loan EMIs was ending on May 31, 2020. Then RBI (Reserve Bank of India)  provided an extension for more three months which will end up on  August 31, 2020.  So a total of 6 months will be therefor Moratorium. March 1, 2020, to August 31, 2020.



Some banks are availing option to the borrower to opt or not to opt Moratorium.  Now the question may arise in the mind of many people who do not want to opt moratorium need to send the application to the bank. then  How to write a declaration / Application to the bank that I am not availing moratorium?



Declaration to the bank that I am not availing moratorium?

Below is the sample application to the bank which you can use if you do not want to avail moratorium 


Date:- 29-05-2020 [ use current date ]



The Manager,

ABC Bank  [ Bank name]

Erandwane Branch, [ Branch name]

Pune. [ City]


Subject:-  I do not want to avail moratorium for my loan account – 123456789 [loan account number]

Dear Sir,

I would like to draw your attention to the fact that I have Home Loan account 123456789 [Loan Account Number] in your ABC bank in the name of  John Smith [Name of borrower] in Branch Erandwane, Pune.  I do not want to opt moratorium facility for my Home loan account 123456789. So kindly keep continue my EMI deduction on a monthly basis.


Your happy customer.

John Smith

Home Loan account 123456789


you can use the above apply if you do not want to opt moratorium.   Share this article with your friends if you like this.





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