Work out your education loan EMI
Education loans fund tuition and living costs — often ₹4–20 lakh or more — over repayment tenures of 5–15 years at around 9–12% per year. Most have a moratorium (a repayment holiday during the course plus 6–12 months after), during which simple interest may still build up. This calculator shows the EMI once normal repayment begins. Enter your loan amount, rate and tenure to see the EMI, total interest and a full schedule. Everything runs in your browser.
Who uses this tool
Students and parents planning how much the loan will cost each month after studies, and borrowers comparing lenders or deciding how long a repayment tenure to take.
How to use it
- Enter your education loan amount (add any interest that accrued during the moratorium for a closer figure), the rate and the tenure.
- Optionally set the month repayment starts so the schedule shows real dates.
- Click Calculate EMI to see your EMI, total interest, and the year-by-year schedule. Tap any year to expand its months.
Frequently asked questions
What is the moratorium period?
A repayment holiday for the course duration plus 6–12 months. Simple interest may accrue during it and get added to the loan, so your real EMI can be a bit higher.
Is there a tax benefit?
Yes — under Section 80E (old regime), the full interest is deductible for up to 8 years with no cap. Compare regimes with the Income Tax Calculator.
What tenure can I take?
Commonly up to 10–15 years after the moratorium. Longer tenure = lower EMI, more interest.
Does this include the moratorium?
No — it assumes EMIs start now. Add any accrued interest to the loan amount for a closer estimate.