Education Loan EMI Calculator

Plan your education loan repayments with our EMI calculator, including month-on-month amortization schedule and moratorium period.

Accurate EMI calculations
Detailed monthly repayment schedule
Visual repayment breakdown
Education Loan Planning
₹
Enter loan amount to be between ₹1,00,000 and ₹1,00,00,000.
Principal amount of the education loan.
%
Enter interest rate to be between 8 and 15%.
Annual interest rate for the loan.
Years
Enter tenure to be between 1 and 15 years.
Duration of the loan repayment after moratorium.

Loan Repayment Summary

Monthly EMI
₹0
Total Interest
₹0
Total Payment
₹0
Adjusted Tenure
0 Years
How Education Loans Work
Borrow for Studies

Fund your education domestically or abroad.

Moratorium Period

No EMI payments during studies; interest accrues.

Repay with EMI

Pay fixed monthly installments post-moratorium.

MonthOpening Balance (₹)EMI (₹)Interest Paid (₹)Principal Paid (₹)Prepayment (₹)Closing Balance (₹)

What is an Education Loan?

An education loan is a loan provided by banks or financial institutions to fund higher education, repaid through Equated Monthly Installments (EMIs) after a moratorium period during studies.

Interest rates typically range from 8–15%, with tenures up to 15 years. A moratorium period allows deferred repayments, and prepayments can reduce interest costs.

Did You Know?

A ₹20 lakh loan at 10% for 10 years with a 2-year moratorium has an EMI of ~₹31,714!

Benefits of Education Loans

No EMI payments during studies, easing financial burden.

Finance education at top institutions worldwide.

Lower rates for meritorious students or government schemes.

Frequently Asked Questions

EMI is calculated using the formula: EMI = P * r * (1 + r)^n / ((1 + r)^n - 1), where P is the principal (including capitalized interest), r is the monthly interest rate, and n is the number of months.

No EMI is paid; interest accrues and is added to the principal, increasing the loan amount for repayment.

Yes, interest paid on education loans is deductible under Section 80E for up to 8 years.