Education Loan EMI Calculator
Free education loan EMI calculator — calculate monthly payment, total interest, and see how your payments break down.
Plan your education loan
Monthly EMI
Where your EMI goes
Your EMI stays the same, but the share going toward principal grows as the loan is repaid.
Education Loan EMI, explained simply
Education loans help students finance higher education expenses. They typically carry lower interest rates than personal loans and often include a moratorium period — no repayment required while you're still studying.
Example calculation
A ₹1,00,000 loan at 8% interest over 10 years.
Features of education loans
A few features set education loans apart from other types of borrowing.
Moratorium period
A grace period after graduation, usually 6-12 months, before EMI repayment begins.
Lower interest rates
Education loans are typically priced lower than unsecured personal loans.
Tax benefits
Interest paid may be eligible for tax deduction under applicable sections of the tax code.
Frequently asked questions
Common questions about education loans and how this calculator works.
When does repayment start?
Most lenders offer a moratorium period covering the course duration plus 6-12 months after graduation, before EMIs begin.
Do I need collateral?
It depends on the loan amount — many lenders don’t require collateral below a certain threshold, but larger loans may need a guarantor or collateral.
Can I pay interest during the moratorium?
Yes, and it’s often a good idea — paying interest during your studies prevents it from being added to the principal later.