During the Corona Pandemic, the RBI announced various measures to ease the burden of EMIs on borrowers. Loan EMI Moratorium was one such step taken to protect borrowers from lenders. 

As per RBI instructions, HDFC Bank offers a moratorium on retail loans and credit cards. The EMI moratorium can be availed for up to 6 months starting from March 2020 till August 2020. Although HDFC Bank does not provide a Moratorium EMI calculator to measure its impact, it lets you access the calculator on another site (CreditAs) wherein you can calculate the EMI amount after the moratorium period.

The moratorium EMI calculator has the following parameters. 

  • Loan Amount
  • Tenure
  • Interest rate
  • Pending EMIs
  • Moratorium period

After selecting the respective options, you can click on the ‘Calculate’ option to see how much you will be paying after the moratorium period. 

There is also a warning below the calculator that says, “We suggest you opt for moratorium only if deemed necessary in order to avoid extra cost.”

Also Read: COVID-19 Loan Moratorium Calculator