Loans • Study-cost repayment
Education Loan EMI Calculator
Estimate a fixed-rate reducing-balance EMI after regular repayment begins. If interest accrues during a study or moratorium period, first confirm the principal that will enter repayment.
Enter loan details
Use a duration equal to complete months, up to 50 years.
View monthly amortisation schedule
How to use the calculator
- Confirm the principal when EMI begins.
- Enter the applicable annual rate.
- Use the repayment tenure after any moratorium.
- Review EMI, interest and total repayment.
- Open the schedule to see principal and interest each month.
Formula and assumptions
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
P is principal, r is annual rate divided by 12 and 100, and n is whole repayment months. At 0%, EMI is principal divided by months.
Worked Indian example
A borrower enters ₹12,00,000, an illustrative 10.25% annual rate and seven years.
| Estimated monthly EMI | ₹20,077 |
|---|---|
| Estimated total interest | ₹4,86,449 |
| Estimated total repayment | ₹16,86,449 |
If moratorium interest increases principal before repayment, using only the original disbursal would understate the EMI.
Common mistakes
- Ignoring interest accrued before EMI starts.
- Entering course cost instead of actual loan principal.
- Choosing the longest tenure only for a low EMI.
- Assuming future salary or currency rates are certain.
Practical tips
- Separate tuition, living costs and contingency.
- Confirm disbursal and moratorium treatment.
- Compare total interest across tenures.
- Keep academic and lender documents organized.
- Review prepayment terms after income begins.
Related calculators and guides
Frequently asked questions
What does this estimate?
EMI, interest, total repayment and monthly schedule.
Is moratorium included?
No.
Can study-period interest accrue?
Yes under some terms; verify how it is treated.
Are fees included?
No.
Can the rate change?
Actual floating rates can change.
Does longer tenure lower cost?
It lowers EMI but usually raises total interest.
Can I prepay?
Check current lender terms.
Is this a loan offer?
No.
Educational disclaimer
This calculator is educational, not personalized borrowing advice or a lender offer. Verify principal after moratorium, rate type, subsidy eligibility, fees, security, tax and repayment terms with current official lender documents.