Calculate Your Education Loan EMI With Moratorium
Education Loans make it easier to fund your higher studies. Understanding the repayment schedule can be challenging, especially when a principal moratorium period is involved. The Principal Moratorium EMI Calculator by Poonawalla Fincorp helps you plan your EMIs and total interest with accuracy and ease. Use this calculator to understand how the moratorium period impacts your repayment schedule, interest accrual, and overall loan cost.
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What is the Principal Moratorium Period?
The Principal Moratorium Period is a specified duration during which the borrower is exempt from repaying the principal amount of the loan. Interest, however, may continue to accrue during this time. This period allows students to focus on their education and begin repayment only after completing their course or securing employment.
Components That Affect Education Loan EMI With Moratorium
These key factors influence your Education Loan EMI with moratorium:
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Loan Amount: The total sum borrowed for educational expenses.
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Interest Rate: Determines how much interest is charged during and after the moratorium.
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Moratorium Duration: Longer moratoriums may lead to higher total payable interest.
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Loan Tenure: A longer tenure reduces monthly EMIs but increases overall interest costs.
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Repayment Type: Whether interest is paid during the moratorium or deferred until after it ends.
Difference Between Moratorium Period and Grace Period
While both terms may sound similar, a moratorium period and a grace period serve different purposes in lending. Understanding the distinction helps borrowers manage their repayment timelines more effectively.
|
Feature |
Moratorium Period |
Grace Period |
|
Definition |
A period during which the borrower is not required to pay the principal (or sometimes even interest). |
A short period after a payment becomes due, during which the borrower can still make the payment without penalty. |
|
Applicability |
Individual makes special requests based on their needs. |
Usually observed in credit card contracts and extended to all customers. |
|
Duration |
Usually covers the course period plus a few months after graduation (for Education Loans). |
Typically short, lasting a few days to weeks. |
|
Interest Accrual |
Interest continues to accumulate during this period. |
No additional interest is charged unless payment is delayed beyond the grace period. |
|
Purpose |
To support students until they start earning, or for someone facing financial hardship. |
To provide flexibility in payment timing. |
How to Use Poonawalla Fincorp’s Principal Moratorium EMI Calculator
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Enter the loan amount, interest rate, loan tenure, and moratorium period in the respective fields.
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Click on the ‘Calculate’ button to get instant results.
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View the detailed breakdown of your monthly EMI, total interest, and overall repayment amount.
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Analyse how the moratorium impacts your repayment schedule and plan your finances accordingly.
Benefits of Using Principal Moratorium EMI Calculator
These are some of the main reasons to consider using the tool:
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Quick, accurate calculation of EMIs.
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Helps plan repayment efficiently before taking the loan.
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Displays a detailed breakup of EMI, interest, and total payment.
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Enables comparison of different loan scenarios for informed decision-making.
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No login or registration required for instant results.
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education loan13 Nov 2025| 3 min -
FAQs
The tenure of a moratorium period differs among lenders, typically lasting between 6 and 12 months. It’s advisable to confirm the details with your vendor before making any decisions.
While the moratorium period may pause EMI payments, the interest is still being added to the principal amount. This means the total amount payable over the loan term increases, making the loan more expensive in the long run.
The moratorium period can be extended for specific situations, such as an extension in course duration or a delay in job placement. However, ensure to check with your vendor and read their policy.
A more extended moratorium increases the total interest payable, as interest continues to accrue. This may result in slightly higher EMIs or a longer repayment tenure.
Yes, interest continues to accumulate during the moratorium unless the lender specifies otherwise. You may choose to pay only the interest during this period to reduce the total repayment amount.
Yes, you can choose to start repaying earlier to reduce the overall interest burden and close the loan faster.
A Principal Moratorium pauses only the principal repayment while interest continues to accrue, whereas an Interest Moratorium pauses both principal and interest payments for a limited period.
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