Moratorium- Initial Repayment Holiday for Borrower for Loan Repayment

Q.  Which one of the following is called as initial repayment holiday given to a borrower for repayment of loan?
- Published on 20 Jul 15

a. Amortization
b. Moratorium
c. Subvention
d. None of the above

ANSWER: Moratorium
 
The interest rate charged during the moratorium is charged quarterly or half yearly on simple interest basis.

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