moratorium period
This query is : Resolved
05 October 2010
What is the moratorium period ?
05 October 2010
This term is used in case of loans borrowed. During this period the borrower is not required to repay principal or interest on the loan taken. Moratorium period is given usually when the project for which loan is sanctioned does not yield immediate returns.
Interest will be charged to the account but repayment will start only after the moratorium period is over.
Interest will be charged to the account but repayment will start only after the moratorium period is over.
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