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  #1  
22nd October 2015, 01:06 AM
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What does Moratorium periods means for interest rates?


Hello Sir,
I have applied and getting education loan for my Post Graduation. The Bank has given me the notice that interest rates will be charge during the moratorium period. I can't understand this. Kindly tell me about moratorium period?




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  #2  
28th October 2015, 04:46 PM
palugulavenumadhav
Senior Member+++++
  
Join Date: Dec 2014
Location: Hyderabad
Posts: 3,103
Default Re: What does Moratorium periods means for interest rates?

Moratorium period is the period during which the borrower doesn't have to pay any amount of loan.

Generally, it is offered for educational loans.After the educational loan is sanctioned the borrower has to start repay the loan amount every month. As the candidates has to repay the amount after he/ she starts earning.

But the interest rates will charge during the moratorium period.
Do you have any question? or have anything to say?



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