Cab Drivers Trip On EMIs As Rides Screech To A Halt, Seek Moratorium On Loan Repayment

Hyderabad: Waiting outside the parking lot of a finance company in Habsiguda, M Narayana, a 39-year-old cab driver, was pondering over how to pay the two pending instalments of the vehicle loan he had taken from the private financier.

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Narayana, who was visiting the company from last three days, said he was trying to convince the financier to give him some more time.

“I came here after waiting for two hours at Uppal crossroads for passengers. I did not even get a single booking. It’s the same even after the lockdown was lifted. I do not have the money to feed my family or to clear the loan amount. I am afraid the financier might confiscate my vehicle if I am unable to pay the pending loan amount,” he rued.