Education Loan EMI Calculator India 2025
Calculate your monthly EMI, interest payments, and repayment schedule for your education loan with grace period and moratorium options.
Monthly EMI
₹19.16 K
Loan Composition
1.72x
You'll pay 1.72 times the principal as interest
Payment Schedule
Showing 1 to 12 of 180 entries
Education Loan Timeline
48 months
Interest accumulates, no EMI payments
12 months
No payments, find employment
120 months
Monthly EMI: ₹14.57 K
Total Principal
₹10.00 L
Total Interest
₹7.46 L
Total Payable
₹17.46 L
Smart Education Loan Tips in India
Expert advice to maximize benefits and minimize costs on your education loan
Pay Interest During Study
Consider paying interest during your course duration to prevent capitalization and reduce total cost.
💡 This can save you lakhs in total interest payments
Claim Tax Benefits
Get 100% interest deduction under Section 80E with no upper limit for up to 8 years.
📋 Keep all interest payment receipts for tax filing
Compare Multiple Lenders
Shop around for the best interest rates and terms from different banks and NBFCs.
🏦 Even 0.5% difference can save thousands over tenure
Understand Collateral Rules
No collateral required for loans up to ₹4 lakhs. Higher amounts may need security.
🏠 Property, FDs, or securities can be used as collateral
Choose Co-applicant Wisely
Having a co-applicant with good credit score can help get better interest rates.
👥 Usually parents or guardians with stable income
Plan for Prepayment
Consider prepaying when you have surplus funds to save on future interest payments.
⚡ Start early in your career for maximum savings
Education Loan Benefits & Features
Understanding the special advantages and features of education loans
Grace Period & Moratorium
Tax Benefits
Coverage & Amounts
Domestic vs International Education Loans
Compare features and requirements for different types of education loans
Domestic Education Loans
No collateral required for loans up to ₹4 lakhs
Lower rates for premier institutions and good credit scores
Required for amounts above ₹4 lakhs
Grace period during course + 6-12 months
International Education Loans
Higher amounts for top-ranked international universities
Slightly higher due to forex risks and processing
Property or securities as security
Extended tenure considering higher amounts
Smart Tips for Education Loan Management
Expert advice to maximize benefits and minimize costs
Before Taking Loan
During Studies
After Graduation
Education Loan EMI Calculator FAQ
Everything you need to know about personal loans
Need More Help?
Financial planning requires careful consideration of various factors. Consider consulting with a financial advisor for personalized advice based on your specific situation.
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