Education Finance Tool

Education Loan EMI Calculator

Calculate your education loan EMI, total interest, affordability, tax benefit and complete repayment schedule.

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Cost & Funding

Estimate how much you need to borrow.

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₹
Loan amount needed
₹20,00,000
Total cost minus scholarships and savings
%

Loan Terms

Set your interest rate, tenure and moratorium.

% p.a.
years
0 months 18 months 36 months
Study + grace period. Interest accrues and is capitalised during this period.
%

Affordability & Tax

See how your EMI compares with income.

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Monthly after graduation
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Your estimated monthly EMI
₹35,793
for 84 months
Principal
₹20,00,000
Total Interest
₹10,06,639
Total Payable
₹30,06,639
Interest %
33%
Principal Interest
Affordability
51%
Your monthly EMI is 51% of your expected monthly income.
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Complete Loan Analytics

Funding, tax savings, prepayment impact and repayment cost.

Self-funded share
20%
₹5,00,000 of ₹25,00,000
Estimated tax saved
₹3,01,992
Based on selected tax slab
Interest saved
₹0
Through extra prepayment
Effective study cost
₹32,04,647
Cost + interest − tax benefit

Outstanding Balance Over Time

Yearly Principal vs Interest

Principal
Interest

Year-wise Amortization Schedule

Estimated principal, interest and outstanding balance for each repayment year.

Year Principal Interest Balance Paid

Understanding Education Loans

Key features

  • Education loans may cover tuition, accommodation, books and other eligible expenses.
  • Moratorium generally covers the study period plus an additional grace period.
  • Interest may accrue during the moratorium depending on the lender and loan terms.
  • Prepayment can reduce the total interest payable over the life of the loan.

Documents generally required

  • University admission letter
  • Fee structure / cost estimate
  • Income proof of parent or guardian
  • Collateral documents where applicable
Disclaimer: This calculator provides estimates for planning purposes only. Actual EMI, interest capitalization, moratorium treatment, tax benefits, processing fees, prepayment rules and eligibility vary by lender, loan product, borrower and applicable tax laws. Tax calculations shown here are illustrative and should not be treated as tax advice.
Student Student 4k

Approved Student Applications.