Loans & credit
Moratorium
Also known as: Repayment holiday
A pause on loan repayments for a set period, though interest usually keeps piling up.
A moratorium is a break where you don't have to pay EMIs for a while, often at the start of an education loan or during a crisis.
It is not free money. Interest usually keeps accruing during the pause and gets added to your loan.
Useful for breathing room, but understand it makes the loan bigger unless you keep paying the interest.
For example
Education loans often allow a moratorium during studies plus a few months, but the interest builds up and inflates your later EMIs.