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Education Loan EMI Calculator

EMI with the study-period moratorium included.

Estimate the monthly EMI of an education loan, including the moratorium — the study period plus grace time when most banks do not ask for EMIs.

Education Loan EMI Calculator

EMI with the study-period moratorium included.

Free

How to use it

  1. Enter the loan amount, interest rate and repayment tenure.
  2. Add the moratorium months (course length + grace period).
  3. Choose whether you will pay interest while studying or let it be added to the loan.

Frequently asked questions

What is a moratorium?

A period — usually the course duration plus a few months — when you do not pay EMIs. Interest still accrues unless you pay it monthly.

Is education loan interest tax-deductible?

Interest paid on an education loan for higher studies can be claimed under Section 80E of the Income-tax Act, subject to its conditions. Check with a tax adviser.

Does paying interest during studies help?

Yes. It stops interest being added to the loan, which lowers both the EMI and the total interest.

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