Article

Moratorium Period on Loan
June 07 , 2012

Moratorium period refers to loan repayment holiday. After disbursement of the loan when one is not prepared to make repayments immediately certain types of loans offer a holiday period during which equated monthly installments (EMIs) are not to be paid and only interest is to be serviced.

In home loans a moratorium period of maximum 18 months or 1 month after completion of construction/ taking possession, whichever is earlier, can be availed. In education loans it ranges from 6 months to 1 year after completion of course or 6 months after getting a job, whichever is earlier.

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