होम लोनमध्ये अधिस्थगन कालावधीचा अर्थ काय आहे?

जेव्हा तुम्ही होम लोन घेत असाल, तेव्हा मॉरेटोरियम कालावधी ही एक सुविधा आहे जी तुम्ही ॲक्सेस करू शकता. होम लोनमध्ये अधिस्थगन कालावधीचा अर्थ जाणून घेण्यासारखी प्रत्येक गोष्ट येथे आहे.

अधिस्थगन कालावधी म्हणजे काय?

What is moratorium period? 'मॉरेटोरियम' म्हणजे "तात्पुरते निष्क्रियतेची स्थिती". अधिस्थगन कालावधीचा अर्थ हा सामान्यपणे तुमच्या EMI रिपेमेंट शेड्यूलच्या सुरुवातीला कालावधी आहे जिथे तुम्हाला तुमचे मासिक हप्ते भरावे लागणार नाहीत. थोडक्यात, हा EMI हॉलिडे कालावधी आहे. लेंडिंग संस्था सामान्यपणे विद्यार्थी किंवा होम लोन घेणाऱ्या कस्टमर्सना हे ऑफर करतात. उदाहरणार्थ, विद्यार्थ्यांना त्यांच्या EMI रिपेमेंट शेड्यूलच्या सुरुवातीला एक वर्षाचे अधिस्थगन ऑफर केले जाते कारण त्यांचे कोर्स पूर्ण होणे आणि रोजगार शोधणे यामध्ये वेळ अंतर असू शकते.

अधिस्थगन कालावधी आणि होम लोन

अनेकदा, हाऊसिंग प्रोजेक्ट्सच्या डिलिव्हरीमध्ये विलंब होतो. अशा परिस्थितीत, घर खरेदीदारांना त्यांच्या वर्तमान निवास (भाडे) च्या खर्चाची पूर्तता करण्याच्या तसेच त्यांचे ईएमआय भरण्याच्या जबाबदारीसह दुप्पट भार सहन करण्यास भाग पाडले जाते. घर खरेदीदारांना या दुहेरी भारापासून मुक्त करण्यासाठी अधिस्थगन ऑफर केले जाते. याव्यतिरिक्त, ते त्यांचे फायनान्स योजना करण्यासाठी आणि आगामी अतिरिक्त मासिक खर्च (EMI) साठी तयार करण्यासाठी होम लोन अधिस्थगन वापरू शकतात.

तसेच, वाचा - प्लॉट खरेदी करण्यासाठी लोन? तुम्हाला माहित असावे असे सर्वकाही येथे आहे!

मॉरेटोरियम कालावधी वर्सिज ग्रेस कालावधी

It is easy to confuse this with a grace period. A grace period is usually an extended time given to the borrower to clear any dues. Moratorium, unlike a grace period, will accrue interest to your account and is usually offered to prevent any defaults and the possibility of the accumulation of dues.

अधिस्थगन कालावधी तुमच्या EMI वर कसा परिणाम करतो?

You can opt to pay the moratorium interest as it is charged, that is, during the period itself. In such a scenario, your EMI won’t be affected as you have already paid the interest. Another payment method which won’t have any impact on your EMI is by opting to pay the moratorium period- interest after the original EMI schedule. This way, your EMI would remain the same and only your tenure would increase.

Your EMI will be impacted if you don’t opt for the above-mentioned methods. The interest accrued, then, would be adjusted by increasing your EMI. In this case, you won’t have to pay anything during the holiday period.

It is recommended that you use the EMI moratorium calculator available on our website to assess the impact of the moratorium period on the EMI or the tenure.

You must, however, check with your lending institution and be thorough with the terms and conditions because some institutions might increase the interest rate after the holiday period to compensate for it. This usually happens with home loan sanctioned on floating interest rates.

Tata Capital has flexible terms and conditions when it comes to the moratorium period in home loan, so if you think you would plan your finances better then Tata Capital loans are the way to go! Want to learn more about the moratorium period in home loans? Download Tata Capital’s Home Loan app today!

तसेच, वाचा: लोन अधिस्थगन कालावधी 2 वर्षांपर्यंत वाढविला: सरकार

Types of Moratorium Period in Home Loans

You can apply for different home loan moratorium types. They work as a breathing room during your tough times.

Here are some moratorium period options that can make your repayments easy:

• Emergency moratoriums: You can apply for an emergency moratorium during an economic crisis.
• Structures moratoriums: These are for project loans that involve construction phases.
• Seasonal Moratoriums: These are for seasonal businesses like agriculture.
• Voluntary moratoriums: You can negotiate for a moratorium with your lenders during your temporary difficulties. You can also choose to pay only the interests in the moratorium period and skip the principal.

तसेच, वाचा – होम इक्विटी लोन वर्सिज मॉर्टगेज लोन दरम्यान फरक काय आहे?

Interest Accrual During Moratorium Period

When you pause your loan, you must understand how moratorium interest accrual impacts your repayments. Here’s what happens with home loan interest during moratorium and the interest calculation moratorium process:

• Interest continues to accumulate on the outstanding principal during the moratorium.
• The unpaid interest may be added to the principal, increasing your loan’s total cost.
• You don’t pay EMIs during this period but expect higher EMIs later unless you extend your tenure.
• Check with your lender for the exact interest calculation method and impact on your loan.

तसेच, वाचा – होम लोन जलद रिपेमेंट कसे करावे हे 5 मार्ग

Impact of Moratorium Period on Loan Tenure

The only moratorium impact on tenure is that it changes your repayment plan. We have put together effect of moratorium on home loan here:

• Firstly, what is moratorium period in home loan? Moratorium period meaning is to pause EMIs but interest keeps adding to principal.
• This increases the outstanding amount, often leading to loan tenure extension.
• Lenders may stretch tenure by moratorium months or more to keep EMIs affordable.
• Total interest rises due to a longer repayment period.
• You can negotiate tenure extension or higher EMIs post-moratorium.

तसेच, वाचा – होम लोन डाउन पेमेंटसाठी PF मधून विद्ड्रॉ करण्याचे फायदे आणि तोटे

Eligibility and Application Process for Moratorium Period

You can apply moratorium home loan once you meet the moratorium eligibility criteria. 

Here’s a simple guide on the moratorium application process for home loans:

• Typically, anyone with an active home loan can request a moratorium.
• Eligibility may require a valid reason like job loss, health issues, or financial hardship.
• Contact your lender early to confirm if you qualify for moratorium in banking benefits.
• The moratorium in banking application process usually involves submitting a formal request and supporting documents.
• Some lenders offer online forms for easy application.

Remember, moratorium in banking grants temporary relief but increases loan cost later.

तसेच, वाचा – होम लोन प्रोसेसिंगमध्ये कायदेशीर आणि तांत्रिक पडताळणी म्हणजे काय?

Pros and Cons of Availing Moratorium Period

Consider moratorium advantages disadvantages carefully before applying for the same. Here are some pros cons moratorium you can keep in mind:

• Pros: Instant cash flow relief during emergencies. You can skip EMIs temporarily and buy time to stabilise finances in the moratorium period in India.

• Cons: Interest keeps accruing, raising total loan cost. May extend tenure, delaying full repayment. Hurts credit score if misused often.

One of the benefits of moratorium period in India is that it eases pressure in job loss or medical crises. Keeps the loan active without any penalties.

तसेच, वाचा – प्रॉपर्टीवर स्टँप ड्युटी सवलतीचा क्लेम कसा करावा

How to Use a Home Loan Moratorium Calculator

A moratorium calculator helps you plan smartly by showing the cost of pausing EMIs. Here’s how a home loan calculator moratorium works and helps you calculate moratorium impact.

• Enter original loan amount, interest rate, and tenure details.
• Input moratorium period in home loan months you want to take.
• The calculator shows updated EMI, loan tenure, and total interest with moratorium.
• Compare with your current repayment plan to see extra cost or extension.
• Use this data to decide if moratorium suits your finances.
• Try multiple scenarios to find the best moratorium period in India.