Education Loan EMI Calculator
Calculate the EMI for an education loan in India. See total interest, tax benefits under Section 80E and year by year amortization for the repayment period.
यहाँ से शुरू करें
- क्या भरें
- चुकौती शुरू होने का बकाया, सालाना दर और चुकौती वर्ष भरें।
- नतीजे का मतलब
- EMI उस शुरुआती बकाये और ब्याज की मासिक किस्त है।
उदाहरण और सीमाएँ देखें
- आसान उदाहरण
- ₹10 लाख ऋण पर चुकौती से पहले ₹1 लाख अवैतनिक ब्याज हो तो ₹11 लाख बकाया भरें।
- ध्यान रखें
- पढ़ाई या मोराटोरियम का ब्याज अपने आप नहीं जुड़ता। APR, शुल्क, सब्सिडी और कर लाभ अलग जाँचें।
अपना परिणाम कैलकुलेट करें
अपने आँकड़े दर्ज करें। बदलाव के साथ अनुमान और चार्ट अपडेट होंगे।
इनपुट
- मासिक EMI
- ₹15,440
- कुल ब्याज
- ₹4,82,242
- 48.2%
- कुल भुगतान
- ₹14,82,242
- ₹14.82L
आपके आँकड़ों का मतलब
आप ब्याज में ₹4.82L चुकाते हैं — ऋण राशि का 48%।
ब्याज दर × अवधि का परिणाम है। किसी भी को घटाने से यह कम होता है।
वार्षिक मूलधन बनाम ब्याज विभाजन
Each year’s payments, split into principal and interest. The table also shows your remaining balance.
View repayment data
| Year | Principal paid | Interest paid | Closing balance |
|---|---|---|---|
| 1 | ₹84,259 | ₹1,01,022 | ₹9,15,741 |
| 2 | ₹93,544 | ₹91,736 | ₹8,22,197 |
| 3 | ₹1,03,853 | ₹81,427 | ₹7,18,344 |
| 4 | ₹1,15,298 | ₹69,982 | ₹6,03,046 |
| 5 | ₹1,28,004 | ₹57,276 | ₹4,75,042 |
| 6 | ₹1,42,111 | ₹43,169 | ₹3,32,931 |
| 7 | ₹1,57,772 | ₹27,508 | ₹1,75,159 |
| 8 | ₹1,75,159 | ₹10,121 | ₹0 |
कुल भुगतान विभाजन
कुल राशि का विभाजन देखें। रकम रुपये में है।
- मूलधन · 67.5%₹10,00,000
- ब्याज · 32.5%₹4,82,242
अपनी गणना समझें
Education loans fund tuition and related costs, with EMI repayment usually starting after the course and a grace period. Indicative tenures of 7–16 years and rates of 8–12% vary by lender, institution and country. This calculator projects repayment EMI, total interest and yearly amortization; it does not simulate course-period interest.
Education Loan EMI Calculator क्यों उपयोग करें
Education loan amounts have crossed 50 lakh for foreign degrees and 25 lakh for top tier Indian programmes. The repayment phase shapes the early career of the borrower. A 30 lakh loan at 10 percent for 10 years carries an EMI of roughly 39,650 a month, which is a meaningful slice of an early career salary. The calculator lets you size the loan against expected post degree income before you commit to a programme that might saddle the next decade.
Education Loan EMI Calculator कैसे उपयोग करें
- 1
Enter the loan amount
The total amount sanctioned for tuition, living expenses, equipment and travel. Most banks finance up to 100 percent of the listed cost for premier institutions, and 75 to 85 percent otherwise.
- 2
Enter the interest rate
Use the lender's written annual reducing-balance rate. Defaults and rate examples are illustrative, not a live current-rate feed.
- 3
Enter the repayment tenure
Most education loans allow 7 to 15 years of repayment after the moratorium ends. Longer tenures lower the EMI but increase total interest. A 10 year tenure is a typical balance.
- 4
Read the EMI and total interest
The EMI is your monthly outflow once repayment starts. Note that the calculator does not model the moratorium period interest accrual separately. If interest accrues during the course years, the effective principal at the start of repayment is higher than the original sanction.
उदाहरण
₹10 lakh education loan at 10.5% for 8 years
Using the default ₹10,00,000 outstanding when repayment starts, 10.5% and 96 months, the EMI is ₹15,440. The first month's interest is ₹8,750, so ₹6,690 reduces the principal.
- Monthly EMI
- ₹15,440
- Interest paid in year 1
- ₹1,01,022
- Balance after year 1
- ₹9,15,741
- Total interest over 8 years
- ₹4,82,242
- Total repaid
- ₹14,82,242
If interest built up during the course and moratorium, add it to the ₹10 lakh first; the EMI is calculated on whatever is outstanding when repayment begins.
इसकी गणना कैसे होती है
Repayment is modelled as a standard EMI loan: EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), with P the principal outstanding at the start of repayment, r the annual rate ÷ 12 ÷ 100 and n the tenure in months.
Each month, interest = balance × r and the rest of the EMI goes to principal. The final payment is capped at the remaining balance, and totals add up the actual monthly rows.
The calculator doesn't simulate the moratorium itself. Check your sanction letter for how interest accrues during the course and whether it's capitalised, then enter that higher balance as P.
मान्यताएँ और सीमाएँ
- Enter the principal outstanding at repayment start, including any capitalised course/moratorium interest.
- The projection starts with the first EMI; disbursement stages, moratorium accrual and subsidies are not calculated.
- Interest rate is divided by 12 and held constant. Fees, future rate resets and tax relief are excluded.
अक्सर पूछे जाने वाले प्रश्न
What is the moratorium period on an education loan?
The moratorium is the grace period when the borrower is not required to pay EMIs. It runs for the duration of the course plus an additional 6 to 12 months after course completion (the exact grace period depends on the lender). Interest accrues during the moratorium and is added to the principal, which means the loan balance at the start of repayment is higher than the original sanctioned amount. Some borrowers choose to pay simple interest during the course years to avoid this compounding effect.
Can I claim a tax deduction on education loan interest?
Under the old regime, eligible interest paid on a qualifying higher-education loan can be deducted under Section 80E, subject to borrower, lender and time-limit conditions. Principal is not deductible. This deduction is not available in the new regime and is not subtracted from this calculator's gross interest projection.
What collateral do I need for an education loan?
Loans up to 7.5 lakh are typically collateral free under government schemes like the CGFSEL guarantee. Loans between 7.5 lakh and 1.5 crore usually require some collateral or a co borrower with adequate income. Loans above 1.5 crore almost always require tangible collateral like property or a fixed deposit. Premier institutions on the lender's approved list often qualify for higher unsecured limits.
Should I prepay my education loan early?
Often yes. Education loan interest, even after the Section 80E deduction, is typically higher than the post tax return on safe investments. If you have surplus from early career bonuses or job changes, prepaying reduces the principal and shortens the tenure. There are no prepayment penalties on education loans from major Indian banks.
What is the difference between Indian and foreign education loans?
Foreign education loans are larger (often 25 lakh to 1 crore), priced higher (10 to 13 percent), require more documentation including collateral, and may be denominated in INR or USD depending on the lender. Indian education loans are smaller, cheaper and faster to process. Some lenders offer specialised foreign education products with relationships at specific universities for streamlined approval.
Can my parents take the loan and I repay it later?
Yes. Education loans are typically structured with the student as the borrower and a parent as the co borrower. The Section 80E deduction can be claimed by whichever party is repaying the loan, so if the parent pays during the moratorium and the student repays after starting work, both can claim the deduction in the relevant years.
What if I cannot find a job after the course?
Most lenders allow a one time extension of the moratorium for genuine cases of unemployment, with documentation. Talk to the bank well before the moratorium ends if you are not yet placed. A second moratorium extension is harder to get. Defaulting affects your CIBIL score and any co borrower's credit history significantly.