EMI Moratorium Calculator

The RBI has recently declared a moratorium for all borrowers (individual and non-individual) of 6 months. But it's too hard to calculate how Moratorium Period will effect your EMI or Tenure.

For that we comes with an easy tool to calculate your New EMI or New Tenure after your Moratorium Period.

How to use a moratorium calculator?

It is simple to apply a moratorium calculator. Follow these steps to get precise results from moratorium calculator:

Download moratorium calculator

• Fill in the required inputs

• Enter Loan Amount

• The interest rate on the loan amount

• Tenure of the loan amount

• Number of EMIs paid till date

• Moratorium period

Submit the moratorium calculation request on Calculate button

Results are displayed within seconds

On the Result side, please select an option from the result segment. If you want to keep your EMI amount the same as per the original loan agreement, please select "Same EMI" from the dropdown. If you want to keep your tenure the same as per the original schedule, please select "Same Tenure".

Depending on your choice, your monthly EMI, loan tenure and no. of EMIs post moratorium period will be displayed. and also show the finance impact of both cases.

* Why my moratorium calculation is different from the bank?

If the difference is minor, then there is nothing much to worry about. You may ask the bank the basis of moratorium calculation. Did the bank extend the tenure, increase EMI, or increase the interest? Did the bank increase a little of all these parameters to make loan repayment friendly to the borrower? You may even like to make a rough calculation in your mind. If you apply for a moratorium for three months, then three months EMI will be obtained from the bank after the moratorium period is over. They may apply a combination of ways to achieve this, and you may be well aware of their methods.

* Disclaimer *

This calculator is an indicative tool and the results presented by this calculator are hypothetical and basis the information / inputs provided by you. It is designed only for information purpose and does not in any way constitute a commitment by the Company for the options provided in the calculator. We will not be responsible for any liabilities, losses, damages arising out of the use or anything done in reliance of the calculator.

Enjoy the easiest tool to calculate your moratorium period effects.