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Glossary
An EMI holiday (moratorium) is a temporary, lender-approved pause on EMI payments, usually granted during financial hardship, with interest still accruing.
A short break from paying EMIs, but interest keeps building during the pause.
Unlike a waiver, the deferred interest is typically added to the principal, increasing either tenure or future EMI once the holiday ends.
A 3-month EMI holiday on a ₹30 lakh loan adds the accrued interest back, slightly raising the remaining EMIs or tenure.
A short break from paying EMIs, but interest keeps building during the pause.
EMI Holiday helps you evaluate products, compare options, and make informed decisions aligned with goals, tax rules, and risk tolerance in the Indian financial system.