Credit Holiday Calculator

A credit holiday is a temporary suspension of loan instalments for an agreed period. It can be statutory (e.g. for PLN mortgages, often with no interest charged) or commercial under a bank agreement, where interest usually accrues on the remaining capital.

It depends on the type. Statutory credit holidays usually do not charge interest for the suspension. Commercial (contractual) options most often accrue interest on the remaining capital, increasing the debt. This calculator shows the variant with accruing interest.

It first finds the monthly rate r = annual rate / 12 / 100. It multiplies the remaining capital by r to get one month of interest, then multiplies by the number of suspended months to get total interest accrued during the holiday.

If interest accrues during the suspension, the capital to repay grows. The new annuity instalment is computed on the higher capital and spread over the remaining term, so it is slightly higher than before the holiday.

It depends on the agreement. The bank may extend the term by the number of suspended months (instalment stays similar) or keep the original term and raise the instalment. This calculator assumes the second case — fixed term and a recalculated instalment.

The calculator limits the suspension to 24 months. In practice the length depends on the specific programme or bank agreement; statutory holidays usually cover a few months per year.

It is the difference between the total instalments after the holiday and the instalments you would pay without suspension. It shows the real price of using a credit holiday in the interest-accruing variant.

Not always. It gives temporary cash-flow relief, but if interest accrues the total loan cost rises. It is best used for temporary difficulties, not as a permanent way to reduce costs.

Using a statutory holiday is usually not treated as arrears. However, banks and credit bureaus may record the suspension, which can be considered when applying for new credit. Confirm details with your bank.

No. The calculator gives an estimate under an assumed model. Exact amounts, interest accrual rules and suspension terms are set by the loan agreement and the bank's regulations.