How to Fill Period

Example: Mr. Ramesh, an employee of SBI, has taken a staff home loan of ₹50,00,000 on 30 June 2022 for a tenure of 30 years. The loan includes a moratorium period of 24 months. The simple interest rate for staff home loans above ₹40,00,000 is 5.95%, and it is 5% for amounts up to ₹40,00,000. When the principal amount falls below or equal to ₹40,00,000, the interest rate will also drop to 5%.

Steps: Enter 24 months in the Moratorium Period field. For the Principal Repayment Period, calculate the adjusted repayment by subtracting the moratorium period from the total repayment period. If the original period is 240 months, enter 216 months (240-24). Enter the full interest repayment period of 120 months.