Interest rate calculations in moratorium period for education loan study abroad 2024

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Timestamps:
0:00 Intro
0:41 Why should you trust peaceful-loan?
2:17 What is moratorium period?
5:38 Payment terms during moratorium period
7:45 Interest payment calculation during moratorium period
9:48 Interest payment calculation during moratorium period - Example
14:48 What service does peaceful-loan.com provide
16:07 Why should you choose peaceful-loan.com
17:40 how to reachout to peaceful-loan.com

What is Moratorium period for an education loan for study abroad?
1. What is Moratorium Period? Examples of different banks' periods.
It is a payment holiday provided by lenders / banks for students.
Moratorium means EMI starts after course duration + 6-12 months or if you get a full-time job which ever earlier.
Moratorium depends on University, country, course & financial strength of coborrower. It may vary lender to lender.

2. Payment terms during moratorium period
A. Direct EMI moratorium
B. Partial simple interest moratorium
C. Full simple interest moratorium
D. Zero payment during moratorium

3. Simple interest payment calculation during the moratorium period.
A. Interest is only applicable on disbursed amount.
B. Interest is charged monthly.
C. Any unpaid part of interest payment is added to principal and for next month interest is charged on new principal amount.

4. Do banks offer full moratorium, with 0 payment during the course ? Examples and conditions. - Pros and Cons of this.
Yes, they do. But not everyone can avail this as it is dependant on many factors. And It varies lender to lender.