⏸️ Moratorium Calculator
Calculate loan impact during moratorium period
How to Use This Calculator
Enter Loan Details
Input loan amount, interest rate, and original loan tenure.
Enter Moratorium Period
Input the moratorium period in months (e.g., 3 months).
Review Results
See the new EMI after moratorium, outstanding amount, and additional interest.
Formula
During moratorium, interest continues to accrue on the outstanding principal.
Outstanding After Moratorium = Principal × (1 + r)^m
New EMI = [Outstanding × r × (1+r)^n] / [(1+r)^n - 1]
Where r = monthly rate, m = moratorium months, n = remaining tenure
About Moratorium Calculator
The Moratorium Calculator calculates the impact of a loan moratorium period on your EMI and total interest. During a moratorium, you don't make EMI payments, but interest continues to accrue on the outstanding principal. This increases the outstanding amount and may result in higher EMI after the moratorium period ends.
Moratorium periods are sometimes offered by lenders during financial difficulties (e.g., during COVID-19). While it provides temporary relief from payments, it increases the total interest paid over the loan tenure. This calculator helps understand the financial impact of opting for a moratorium.
When to Use This Calculator
- Moratorium Planning: Understand the impact of moratorium on your loan
- Financial Planning: Plan for increased EMI after moratorium
- Loan Management: Evaluate whether to opt for moratorium
Why Use Our Calculator?
- ✅ Accurate Calculations: Calculates impact of moratorium correctly
- ✅ Comprehensive: Shows new EMI and additional interest
- ✅ Easy to Use: Simple interface for quick calculations
Frequently Asked Questions
What is a loan moratorium?
A loan moratorium is a period during which borrowers don't need to make EMI payments. However, interest continues to accrue, which increases the outstanding principal and may result in higher EMI after the moratorium ends.
Does interest accrue during moratorium?
Yes, interest continues to accrue during the moratorium period, which increases the outstanding principal. This results in higher EMI after moratorium or extended loan tenure.