I had availed a Personal Loan from.a bank. But due RBI moratorium no EMI was deducted for last three months. As the moratorium is going to be ended on 31st March, I have received a message from the bank that my loan term is extended by 3 months and will end in June 2024 insinst he of March 2024 and the EMI has been increased by Rs 700.
Now as loan period is extended by 3 months is increased EMI justified ?
That means interest on intetesi.
Kindly advised. I think Supreme Court has said something on this.