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Should you opt for the moratorium on your loan repayment?

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Moratorium is nothing but EMI holiday. Considering the current pandemic, government has introduced a moratorium option on loan repayment. To put it in simple words, if you are a borrower who is paying EMI, you can avail a break from it. However, interest will continue to accumulate for this period as well. So is it a good idea to avail loan moratorium? Of course, it gives temporary relief but in the long run. It will further increase your interest payments. So if you are thinking about availing loan moratorium, watch this video first. This will give you better insight to take a decision regarding moratorium on loan repayment.




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