Ummeed Housing Finance Private Limited (Ummeed) is a housing finance company registered with National Housing Bank (NHB) under National Housing Bank Act, 1987.
Mohd. Zahid Azmi (Teacher)
Product:- Business Loan | Loan Amount : Rs. 35,00,000/- | End Use:- Purchase of Machinery
My name is Zahid Azmi and I run a coaching center in Laxmi Nagar. The Going was smooth, when the world changed due to the Corona Pandemic and everything turned upside down. A majority of my students came from outstation locations and most of them moved back to their hometown as the coaching centre was closed. My business expenses were fixed due to salaries to the staff/Office rent and I was finding it difficult to pay my monthly loan EMI. During this time the Govt. declared a Moratorium scheme and to learn about it and avail of this facility, I called up Ummeed’s customer service team. The customer service team detailed for me all the positives and negatives of the scheme and informed me about the additional interest that I would need to pay if I availed the moratorium, Given my tight cash flows I opted for moratorium after balancing the pros & cons. Since then I have restarted my coaching online and business cash flow has resumed and I can now pay my regular EMI’s.
I am very grateful to Ummeed Housing Finance for the help they provided to me during these difficult time, which helped focus my energy to restart my business.