Banks should reverse interest charges.

Banks should reverse interest charges.

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Mahomed Peer started this petition to The Presidency

Banks and all financial institutions that have issued loans or any form of credit should reverse/write off all interest charges accrued/due to all consumers and businesses, regardless of their size, for the the period beginning the lockdown to 3 months post lockdown.

Persons and businesses most affected by the lockdown will suffer tremendous losses and/or loss of income for the said period. 

The entire economy has suffered during the lockdown. The likelihood of many going into default post lockdown is high. The banking sector, which is one sector that can effect a difference, should therefore play their part and reverse interest charges and stop charging interest going forward. This will go a long way in aiding the repair of the economy. 

0 have signed. Let’s get to 1,500!
At 1,500 signatures, this petition is more likely to get picked up by local news!