two repayments

Basically a moratorium on loan repayments is a loan repayment holiday. You are not required to make loan repayments or pay dues/fees for non-payment for a required period. Usually for financial hardship members/clients and needs to be organised and approved with your loan supplier.

Not if you are able to meet the repayments on what you buy.

interest rate and unable to pay repayments

Depends on the agreement between you and the financial institution. Some allow you to reduce your monthly payments or take 'payment holidays' (sometimes with a fee involved); some don't.