The moratorium period (or holiday period) is a student-friendly feature of education loans designed to prevent debt stress during university studies.

What is the Moratorium Duration?

Standard education loans provide a moratorium spanning the Course Duration plus 6 to 12 months (or until the student secures employment, whichever is earlier).

Pro-Tip: Service Simple Interest During Studies

While EMIs are paused during studies, simple interest continues to accrue. If parents service this simple interest monthly during the study period, banks offer a 1% interest concession across the entire repayment tenure!