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emi calculation moratorium period excel sheet


Loan Faqs
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What is the moratorium period ? :

Moratorium Period is a holiday on repayment which would be for the course period + 1 year or 6 months after the student gets a job/start earning whichever is earlier. Some banks will also allow you a moratorium on payment of interest. This means that you can defer payments of even the interest...
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Is there any kind of repayment that has to be made in the moratorium period ? :

Interest would have to be paid during the moratorium, the interest servicing would be of simple interest calculated on the loan amount disbursed payable monthly. Some banks will also allow you a moratorium on payment of interest. This means that you can defer payments of even the interest during...
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What is an EMI? :

EMI stands for Equated Monthly Installments. This installment comprises both principal and interest components. Please use the EMI Calculator to find out the EMI you need to repay.
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Is there moratorium/repayment holiday available ? :

Yes. A moratorium/repayment holiday is available for select courses.
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What would be the tenure of the loan ? :

Maximum tenure of the loan can be 7 years including moratorium period.
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If the value of the underlying property falls does it affect the EMI amount or the tenure of the loan? :

No. fluctuating value of the property does not affect the EMI or home loan liability.
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What is the interest benefit that I get on the Educational Loan? :

Banks offer lower interest rates if you start repayment during the moratorium period. If you have opted for a floating rate loan, you cannot switch to a fixed rate option mid-course. However, you can transfer your loan from one bank to another, if you find a more attractive offer. Normally, one...
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What would be the mode of repayment ? :

Repayment is done on an EMI (equated monthly installments) basis at the time of starting the repayment, by giving standing instruction to the bank, having an ECS(electronic clearing services) with the bank or by giving PDC(post dated cheques) to the bank. If you are unable to complete the...
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What is the quantum of the loan ? :

For loans with Moratorium : Studying in India - Max Rs. 10 Lakhs Studying abroad - Max Rs. 20 Lakhs For Loans without Moratorium : Studying in India - Max Rs. 7.50 Lakhs Studying abroad - Max Rs. 10 Lakhs
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What is an amortization schedule? :

 An amortization schedule is a table giving the reduction of your loan amount by monthly installments. The amortization schedule gives the breakup of every EMI towards repayment interest and outstanding principal of your loan.
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What documents are needed for a business loan? :

There is need of submitting supporting documents while applying for a business loan. There are differences in the documents required for various types of companies like sole proprietorship firm, partnership firms and private limited companies. The documents needed may also vary slightly depending...


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