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Krish Bhatt12 Feb 2020

@krishbhatt

What is moratorium period in loan repayment process?

The period granted as no repayment period by the lender during the course of the education is referred to as Moratorium Period. The moratorium period is applicable to education loan to make students first focus on their education first. Students can pay their interest payment during this period, but the EMI payment begins strictly after the moratorium period is over. This provision is not granted to any other nature if loan.