Glossary
Moratorium
A moratorium is a period during which you do not have to repay the principal, or any instalment, as the lender allows. Education loans usually have one that lasts through the course and a short period after. Interest may still build up during a moratorium and be added to the loan. Ask how it will be
Related terms: Grace Period, EMI (Equated Monthly Instalment), Tenure.
Published 12 Nov 2026
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