During the 2020 RBI moratorium interest continued to accrue on unpaid EMIs. Pausing payments helps cash flow now but increases the total interest you pay.
How to use the Moratorium Calculator
- Outstanding loan amount
- Interest rate (p.a.)
- Remaining tenure
- Moratorium period
Results update as you type, and every field accepts the units shown in its menu.
How it works
Enter the outstanding loan, interest rate, remaining tenure, current EMI and the moratorium period.
Tips
- Figures use the latest published rates; government scheme rates are revised every quarter.
- Choose between the old and new tax regimes carefully – deductions only count in the old regime.
- Keep proofs of investments and rent for your employer and the tax return.
- Use the official portal of each scheme for exact maturity values.
Common mistakes to avoid
- Assuming scheme interest rates are fixed for the whole term.
- Forgetting tax on interest from fixed and recurring deposits.
- Missing the yearly minimum deposit on PPF or Sukanya Samriddhi accounts.
Inputs explained
| Field | What to enter |
|---|---|
| Outstanding loan amount | Amount in ₹ |
| Interest rate (p.a.) | In % |
| Remaining tenure | Units: years, months |
| Moratorium period | In months |
What each result means
- Current EMI = pmt([Interest rate (p.a.)]÷1200, [Remaining tenure], [Outstanding loan amount])
- Outstanding after the moratorium = [Outstanding loan amount]×(1 + [Interest rate (p.a.)]÷1200)^[Moratorium period]
- Interest accrued during the moratorium = [Outstanding after the moratorium] – [Outstanding loan amount]
- New EMI (same tenure) = pmt([Interest rate (p.a.)]÷1200, [Remaining tenure], [Outstanding after the moratorium])
- Extra months (same EMI) = nper([Interest rate (p.a.)]÷1200, [Current EMI], [Outstanding after the moratorium]) – [Remaining tenure]
- Extra interest paid overall (same EMI) = [Current EMI]×nper([Interest rate (p.a.)]÷1200, [Current EMI], [Outstanding after the moratorium]) + 0 – [Current EMI]×[Remaining tenure]
Example values
How the main result changes when Outstanding loan amount changes and everything else stays at the example values above:
| Outstanding loan amount | New EMI (same tenure) |
|---|---|
| 1,250,000 | 12,841.74 |
| 1,875,000 | 19,262.61 |
| 2,500,000 | 25,683.48 |
| 3,125,000 | 32,104.35 |
| 3,750,000 | 38,525.22 |
| 5,000,000 | 51,366.96 |
Formula
Balance after moratorium = outstanding × (1 + r/12)^m (interest capitalized)New EMI (same tenure) = pmt(r/12, remaining months, new balance)New tenure (same EMI) = nper(r/12, EMI, new balance)Worked example
Inputs — Outstanding loan amount: ₹2,500,000; Interest rate (p.a.): 8.5 %; Remaining tenure: 15 years; Moratorium period: 6 months.
Results — Current EMI = ₹24,618.49; Outstanding after the moratorium = ₹2,608,149.37; Interest accrued during the moratorium = ₹108,149.37; New EMI (same tenure) = ₹25,683.48; Extra months (same EMI) = 17; Extra interest paid overall (same EMI) = ₹409,822.92.
Frequently asked questions
What is a loan moratorium?
A period when EMIs are paused.
Does interest stop during a moratorium?
Usually not – it accrues and is added to the loan.
Should I take a moratorium?
Only if you need the cash flow; it raises total cost.
What formula does the Moratorium Calculator use?
Balance after moratorium = outstanding × (1 + r/12)^m (interest capitalized).