Education Loan Calculator
Calculate your monthly installments for any loan amount with precision.₹10K₹10Cr
%
1%30%
mo
1 month30 years
Monthly EMI₹87,220
Principal Amount₹10,00,000
Total Interest₹46,637
Total Payment₹10,46,637
Principal (95.5%)
Interest (4.5%)
Amortization Schedule
Detailed month-by-month breakdown of your loan repayment| Month | Principal Paid | Interest Charged | Total Payment | Balance |
|---|---|---|---|---|
| 1 | ₹80,136 | ₹7,083 | ₹87,220 | ₹9,19,864 |
| 2 | ₹80,704 | ₹6,516 | ₹87,220 | ₹8,39,159 |
| 3 | ₹81,276 | ₹5,944 | ₹87,220 | ₹7,57,884 |
| 4 | ₹81,851 | ₹5,368 | ₹87,220 | ₹6,76,032 |
| 5 | ₹82,431 | ₹4,789 | ₹87,220 | ₹5,93,601 |
| 6 | ₹83,015 | ₹4,205 | ₹87,220 | ₹5,10,586 |
| 7 | ₹83,603 | ₹3,617 | ₹87,220 | ₹4,26,983 |
| 8 | ₹84,195 | ₹3,024 | ₹87,220 | ₹3,42,788 |
| 9 | ₹84,792 | ₹2,428 | ₹87,220 | ₹2,57,996 |
| 10 | ₹85,392 | ₹1,827 | ₹87,220 | ₹1,72,603 |
| 11 | ₹85,997 | ₹1,223 | ₹87,220 | ₹86,606 |
| 12 | ₹86,606 | ₹613 | ₹87,220 | ₹0 |
Education Loan EMI Calculator
Education Loan EMI Calculator – Calculate Monthly EMI Instantly
What Is Education Loan EMI?
Education loan EMI is the fixed monthly amount repaid to the lender after the completion of the study period. Each EMI includes:• Principal repayment• Interest charged on the outstanding loan balanceMany education loans offer a moratorium period, during which EMI payments are deferred until course completion.
Education Loan EMI Formula
The standard formula used to calculate education loan EMI is:EMI = [P × R × (1+R)N] / [(1+R)N – 1]Where:P = Loan amount (Principal)
R = Monthly interest rate (Annual rate ÷ 12 ÷ 100)
N = Loan tenure in months
Factors Affecting Education Loan EMI
Loan Amount: Higher course fees result in higher EMIs after the repayment period begins.Interest Rate: Education loan interest rates are generally lower than personal loans but vary by lender.Loan Tenure: Longer tenures reduce EMI but increase total interest payable.Moratorium Period: Interest may accrue during the study period, increasing EMI later.Education Loan for India vs Abroad
Studies in India: Lower loan amounts, lower interest rates, and shorter tenures.Studies Abroad: Higher loan amounts, longer tenures, and often require collateral or co-applicant.Frequently Asked Questions
When does education loan EMI start?EMI usually starts after the moratorium period, which includes the course duration plus 6–12 months.Is interest charged during the moratorium period?
Yes, interest may accrue during the moratorium period depending on the lender.Can I prepay an education loan?
Yes, most lenders allow prepayment, often without penalties.