Education Loan EMI Calculator 💰

Plan your educational finances with our accurate EMI calculator. Calculate monthly payments, total interest, and get a detailed repayment schedule.

🔒 Secure & Private

🌐 Works Worldwide

💯 Free Forever

📊 Calculate Your EMI

Loan Amount (₹)

Interest Rate (% per annum)

Loan Tenure (Years)

Moratorium Period (Months)

📈 Results

Monthly EMI

₹ 10,624

Total Interest Payable

₹ 137,429

Principal Amount

₹ 500,000

Total Amount

₹ 637,429

Payment Breakdown

Principal (78.4%)

Interest (21.6%)

Amortization Schedule

Year	Principal	Interest	Balance

How It Works 🛠️

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Enter Loan Details

Input your loan amount, interest rate, tenure, and any moratorium period.

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Automatic Calculation

Our calculator uses the standard EMI formula to compute your results instantly.

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Review Your Plan

Analyze your monthly EMI, total interest, and complete repayment schedule.

Key Features ✨

🔍 Detailed Breakdown

See exactly how much goes toward principal vs interest each month with our amortization schedule.

🔄 Moratorium Support

Account for grace periods where you don't make payments but interest may still accrue.

📱 Mobile Friendly

Use our calculator on any device - desktop, tablet, or smartphone.

💾 No Data Storage

Your financial data remains private as we don't store any information on our servers.

Frequently Asked Questions ❓

What is an Education Loan EMI Calculator? +

An Education Loan EMI Calculator is a financial tool that helps students and parents estimate the Equated Monthly Installment (EMI) they would need to pay against an education loan. It considers the loan amount, interest rate, tenure, and any moratorium period to provide accurate repayment details.

How is EMI calculated for education loans? +

EMI is calculated using the formula: EMI = [P x R x (1+R)^N] / [(1+R)^N-1], where P is the principal loan amount, R is the monthly interest rate, and N is the loan tenure in months. Our calculator applies this formula to give you accurate results.

What is a moratorium period in education loans? +

A moratorium period is a grace period offered by lenders where the borrower doesn't need to make EMI payments. This typically includes the course duration plus 6-12 months after course completion. However, interest may continue to accrue during this period.

Can I prepay my education loan?

Most lenders allow prepayment of education loans, often without any prepayment charges. Making partial prepayments can significantly reduce your total interest burden and loan tenure.

Are education loan interest rates fixed or floating?

Education loans can have either fixed or floating interest rates. Fixed rates remain constant throughout the loan tenure, while floating rates may change based on market conditions. Our calculator allows you to simulate both scenarios.