S sunandaC Sunanda K. Chavan Oct 15, 2010 #1 Financial institutions may allow for a delay in the payment of the first principal installment to the borrowers. The period between the sanction of the loan and the first principal installment repayment is known as moratorium.
Financial institutions may allow for a delay in the payment of the first principal installment to the borrowers. The period between the sanction of the loan and the first principal installment repayment is known as moratorium.
