Moratorium Period: Meaning, Examples, Importance in Home Loan
A moratorium period in a home loan is when you don’t have to make EMI payments due to unavoidable events. While this provides relief, interest continues to accumulate. It differs from a grace period, which allows late payments without penalties. Proper planning can minimize additional costs. Website URL: https://www.herohousingfinance.com/blog/knowledge-series-of-experts/moratorium-period Country List: India