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LOGINTOLOANS | Education Loan EMI Calculator – Calculate Your Study Loan EMI
Education Loan EMI Calculator

Calculate Your Education Loan EMI

Plan your study abroad or domestic education loan repayment with accurate EMI calculations

₹
%
📚
During moratorium, only simple interest accrues (no EMI payment)
MONTHLY EMI (After Moratorium)
₹0
TOTAL INTEREST
₹0
TOTAL PAYMENT
₹0
ACCUMULATED INTEREST (Moratorium)
₹0

Education Loan Summary

Principal Amount
₹25,00,000
Interest Rate
10.5%
Repayment Tenure
10 Years
Moratorium Period
2 Years

Understanding Moratorium Period

During your course duration + 6 months (moratorium period):

  • No EMI payments are required
  • Simple interest accrues on the loan amount
  • Accumulated interest is added to the principal after moratorium
  • EMI starts after the moratorium period ends
Tax Benefit: Under Section 80E, you can claim a deduction on the interest paid for up to 8 years.

Top Education Loan Providers

Education Loan EMI Calculation Formula

EMI Formula: EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ - 1)

Where:
P = Principal + Accumulated Interest during Moratorium
r = Monthly Interest Rate (Annual Rate ÷ 12 ÷ 100)
n = Repayment Tenure in Months

Accumulated Interest (Moratorium) = Principal × Rate × (Moratorium Period in Years)

Simple interest accrues during the moratorium period (course duration + 6 months).
This interest is added to the principal before EMI calculation starts.

Education Loan Key Features:

• Loan Amount: Up to ₹1.5 Crore for abroad studies | Up to ₹50 Lakhs for India
• Interest Rates: 8% to 14% p.a. (based on collateral and co-applicant)
• Repayment Tenure: 5 to 15 Years (up to 84 months for some banks)
• Moratorium Period: Course duration + 6 to 12 months
• Collateral: Required for loans above ₹7.5 Lakhs
Education Loan Tip: A strong co-applicant (usually parents) with good credit score helps secure lower interest rates. Many banks offer 0.5% lower rates for female students.
Example: Loan Amount: ₹25,00,000 | Interest: 10.5% | Course: 2 Years
Moratorium Interest: ₹5,25,000 | Total Principal for EMI: ₹30,25,000
EMI for 10 Years: ₹40,800 | Total Interest: ₹18,71,000 | Total Payment: ₹48,96,000
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