Data Analytics with Excel

Skillfinlearning29 Apr, 2020Education

The moratorium on term loan does not mean that the EMIs during this period are waived off by the banks. A borrower will have to pay the EMIs once the moratorium period is over. The interest during these 3 months period will be added to the loan amount and will have to be paid in future EMIs. That means if the borrower keeps the EMI amount same, the EMI payment tenure will increase, or if he wants to keep the loan period same, the EMI amount will increase.