Watch full video on youtube - click on the link below https://youtu.be/vW7zI25gZ-E Moratorium period refers to the particular duration in the loan tenure when the borrower is not required to make any repayment in form of EMI. This period is also known as EMI holiday. Moratorium in terms of law means delay or suspension of an activity in a legal context. PURPOSE - Usually, such breaks are offered to help individuals facing temporary financial difficulties or to help them plan their repayment well. INTEREST - Borrower can opt to serve interest during moratorium period or after moratorium period in form of higher EMI. Simple interest is charged for the number of months borrower have taken the moratorium on the loan principal amount outstanding. Generally you will find moratorium period in home loan, education loan, project finance etc. Follow DevTech Finance on :- Instagram - https://www.instagram.com/devtechfinance/ LinkedIn - https://www.linkedin.com/company/devtech-finance Facebook - https://www.facebook.com/devtechfinance/ Thank You For Watching Please Subscribe To DevTech Finance