Worried about how to repay the education loan while studying? Read to know how that works.
The Moratorium Period is a period in which your EMIs don't start.
For example if your course is for 2 years, then your moratorium period is 2+1= 3 years. So until 3 years, your EMIs don't Start.
Lenders in India have different policies for repayment during the moratorium period, which includes:
Zero payment Moratorium- The student is not required to pay a single penny during this period.
Full Simple Interest- Interest being calculated on the principal portion of the loan.
Only Partial Interest- a certain amount of interest will be paid.
Full EMIs from first month- have started making from the first month of the loan taken.
Click here to get samples of IELTS essay writing task
Click here to contact us and know all about how to repay student loans