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Student Loan Calculator

Education Loan Calculator

Calculate your education loan EMI, total interest payable, and repayment schedule. Plan your higher education financing with accurate loan projections.

Enter Loan Details

Fill in the fields below to calculate your education loan EMI

₹
Enter the total education loan amount required
Education loan rates typically range from 8% to 12%
Maximum tenure is usually 15-20 years depending on the bank
Course duration + 6 months (no repayment during this period)
Accumulate: Interest added to loan | Serviced: Interest paid during study
One-time fee charged by the bank (typically 0.25% - 1%)

Your Education Loan EMI

Enter your loan amount, interest rate, and tenure to calculate your monthly EMI and total interest.

Monthly EMI Amount Total Interest Payable Amortization Schedule

Education Loan Key Features

  • Loan Amount₹5 Lakhs - ₹50 Lakhs
  • Interest Rates8.0% - 12.0% (Current)
  • Maximum Tenure15-20 Years
  • Moratorium PeriodCourse + 6 months
  • Processing Fee0.25% - 1.0%
  • Tax BenefitSection 80E (Interest)

Rates vary by bank, course, and co-applicant profile.

Education Loan Tax Benefits

  • Section 80EInterest deduction for 8 years
  • EligibilityHigher education (India & abroad)
  • LimitEntire interest amount
  • No limitNo cap on interest deduction
  • PrincipalNo deduction under Section 80C
  • Co-signerCan claim if loan is in their name

Interest deduction available for 8 years from repayment start.