Policy On Providing Relief To Customers Impacted By COVID-19 Pandemic In accordance with RBI COVID-19 Regulatory Package dated March 27, 2020, we would like to offer our customers the option of moratorium of up to 3 months on the payment of Loan installments.

Our policy for providing the said relief to Customers:

• Since we offer Short term Business loan under weekly repayment arrangement & also Bullet repayment scheme, this policy applies to the credit facilities granted and disbursed by us and outstanding as on March 23rd, 2020.
• We offer to all Customers the facility of moratorium for term loan installments and bullet repayment falling due between March 23, 2020 and May 31, 2020.
• We would continue to charge the interest, at the original contracted rate, for the moratorium period on the outstanding amount of loan to all those who has been given the relief as provided in the RBI circular. This interest has to be paid by the customers as prescribed in this policy. However if any customer would like to pay the amounts during the moratorium period, it would be allowed.
• We will present the post-dated cheques provided by the customers for collection on the respective due date.
• As per the regulations, there is no moratorium applicable to Customers with overdue balances in loan accounts with us and we will have to report the customer’s default to credit bureaus which will affect the credit scores adversely. Hence Customers may regularize their overdue pertaining to period prior to March 23, 2020 and then apply with us for moratorium.
• The repayment schedule for loans that have been provided moratorium benefits will be extended to recover the deferred installments, along with applicable interest.
• No penal or bounce cheque charges would be levied for borrower granted moratorium / relief under the policy during the moratorium period.

Criteria that may be considered for providing above mentioned relief:

• Issues in borrower’s operations including manpower shortage, material shortage, procurement delay, factors affecting manufacturing, sales, collections, reschedulement or cancellation of orders, etc. on account of COVID19 pandemic that will have an impact on profitability / cash flows.
• Deterioration in overall financial profile i.e. revenues and / or cash flow owing to fall out of the COVID-19 pandemic including foreseeable elongation of working capital cycle due to increase in inventory and debtors / receivables.
• Inability to conduct business or provide services, shutdown of unit or workplace on account of disruption due to COVID-19 pandemic impacting the ability to service debt.

Other applicable conditions:

• In respect of relief granted under this policy, requisite documentation may be taken by NJT Finance, including electronic form.
• NJT Finance will take into account the stress on the Customers on account of the pandemic for deciding on whether to provide moratorium benefits.
• The borrower should not be under IBC proceedings or have been classified as wilful defaulter/ Fraud by any Bank or financial institution.
• The repayment would resume from 1 st June 2020, once the deferment period is over.

Customers are advised that opting for the moratorium will result in interest being charged on the outstanding loan amount during the period of moratorium as well as the extended tenor of their loan and hence customers should avail it only if they are unable to service their loan. Customers whose cash flows are not impacted and do not wish to avail the moratorium, may choose to opt out from the moratorium by sending an email or by reaching out to us from their registered email address to info@njtfinance.com, quoting the Loan account number with immediate effect and it is deemed that Customers have not opted for the moratorium if there is no written communication stating otherwise. .