🎓 Loan Calculator

Education Loan EMI
Calculator

Calculate education loan EMI and total repayment. Plan your study financing with clear understanding of EMI after the moratorium period.

8–15%Education loan rates

15 yrsMax repayment tenure

🎓

Education Loan EMI Calculator

EMI & interest estimator

Loan Amount (₹)

Interest Rate (% p.a.)

7%11%18%

Loan Tenure (Years)

1yr10 yrs15yrs

Monthly EMI

₹0

Total Payment

₹0

Total Interest

₹0

Principal Amount

₹0

Interest %

EMI Formula

Standard EMI Formula

EMI = P × r × (1+r)ⁿ / [(1+r)ⁿ − 1] P = Loan amount | r = Monthly interest rate | n = Total months

Is there a moratorium on education loans?▼

Yes, repayment typically starts after course completion + 6 months (or 1 year after getting a job). Interest may accrue during this period.

Is education loan interest tax deductible?▼

Yes! Under Section 80E, the entire interest paid on education loan is deductible for up to 8 years, with no upper limit.

What expenses are covered under education loan?▼

Tuition fees, hostel, books, equipment, travel expenses for abroad study, and other course-related expenses.