Education Loan EMI Calculator

Estimate education-loan interest during study and moratorium periods before calculating the repayment EMI.

Adjust your plan

Enter an exact value or use a slider. Your result updates instantly.

Indian rupees

Use the amount actually disbursed or expected to be outstanding; staged disbursements can produce a different result.

%

Enter only the repayment holiday after the study period, not the combined duration.

Interest during deferment

Your result

Local calculation
Per month during repayment₹31,929.90
Total study and moratorium period
30 months
Interest during deferment
₹3,93,750.00
Monthly deferment payment
₹0.00
Principal when repayment begins
₹18,93,750.00
Estimated total interest
₹7,88,361.58
Estimated total repayment
₹26,82,111.58

How this calculation works

Estimate education-loan interest during study and moratorium periods before calculating the repayment EMI. The result is calculated locally in your browser from the visible inputs, and the method below remains available for checking.

Simple interest accrues during the entered study and moratorium months. It is either added to principal or paid during deferment; the repayment EMI then uses the reducing-balance formula.

Worked example

A ₹15 lakh education loan with 30 deferred months shows the interest accumulated before a seven-year repayment begins.

Assumptions and limits

  • Deferment interest uses simple interest; lender compounding, concessions and disbursement schedules can differ.
  • Repayment uses equal monthly instalments at an unchanged annual rate.

Questions people ask

How does the Education Loan EMI Calculator work?

It applies this displayed method: Simple interest accrues during the entered study and moratorium months. It is either added to principal or paid during deferment; the repayment EMI then uses the reducing-balance formula. Values stay in your browser and are not submitted to a server.

What should I check before using the Education loan EMI result?

Deferment interest uses simple interest; lender compounding, concessions and disbursement schedules can differ. Repayment uses equal monthly instalments at an unchanged annual rate. This is an estimate, not a lender quote. Rates, fees, rounding and repayment rules vary by agreement.

Does this Education loan EMI calculator save my information?

No. Calculation inputs are processed on this device. Sharing creates a URL only when you choose the share action.

Related calculators

EMIEstimate a loan’s monthly instalment, total interest, and full repayment from principal, rate, and tenure.Home loanPlan a home purchase using property value, down payment, interest rate, tenure, and optional ownership costs.Car loanTurn an on-road car price and down payment into a monthly EMI and complete borrowing cost.Personal loanCompare the EMI and total cost of an unsecured personal loan including a processing fee.