Is moratorium is a loan waiver for borrowers?

Moratorium simply refers to a legal authorization to existing borrowers to defer or postpone their loan repayments for a pre-determined period. It is not a loan waiver. You will have to repay the outstanding loan amount after the end of the moratorium period. You will also have to pay additional interest, as mentioned above, for the period of the moratorium for deferring the EMIs.

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