Education Loan EMI Calculator

Calculate your monthly EMI and plan your education loan repayment

Loan Details

Range: ₹1 Lakh - ₹1.5 Crore
Typically 8.5% - 14%
Range: 1 - 15 years
Course duration + 1 year typically

Results

Monthly EMI
₹0
Total Interest
₹0
Total Repayment
₹0
Principal Amount
₹0

Note: This is an indicative calculation. Actual EMI may vary based on bank policies, your profile, and loan terms. Contact us for personalized loan offers.

Get Personalized Loan Offer

How Education Loan EMI is Calculated?

Formula

EMI = P × r × (1 + r)^n / [(1 + r)^n - 1]

Where P = Principal, r = Monthly interest rate, n = Number of months

Moratorium Period

During your course + 1 year after completion, you may only pay interest (simple interest). EMI starts after moratorium ends.

Tax Benefits

Claim tax deduction on interest paid under Section 80E of Income Tax Act for up to 8 years.