Education & Loan Planning
Education Loan EMI Calculator
Estimate how interest is treated during your study and grace period (moratorium), and calculate your post-moratorium monthly EMI and total repayment schedule.
Loan Details
Enter the current effective interest rate offered by the lender.
Typically covers course duration plus the bank's moratorium grace period (usually 6–12 months post-course). Verify with your sanction letter.
Simple interest accrued during the moratorium period is added to the principal when repayment commences.
For calculation purposes, the entire loan is assumed to be disbursed upfront. Simple interest is computed during the moratorium; interest rate is assumed constant. Actual disbursement schedules and subsidy rules depend on bank covenants and government schemes.
Post-Moratorium Monthly EMI
₹ 0 during repayment period
Starting balance at repayment: ₹ 0
Moratorium Total Interest
₹ 0
Monthly Interest in Moratorium
₹ 0
Total Cumulative Interest
₹ 0
Total Amount Payable
₹ 0
Loan Balance & Repayment Trajectory
Yearly principal repaid, interest paid, and remaining loan balance
No principal is amortized during the moratorium period; accrued interest is tracked in the interest series. The balance line highlights whether interest capitalization increases the opening debt.
Monthly Repayment Schedule
Displaying moratorium period and repayment phase amortizations.
| Phase | Month | Opening Balance | Interest | Payment | Closing Balance |
|---|
Official Information Links
Eligibility, interest subsidies (CSIS scheme), loan limits, and moratorium terms depend on specific schemes and lending institutions. Verify the latest rules and eligibility criteria on official bank and ministry portals.
- Simple interest applies during the moratorium period, and compound reducing balance interest applies during the repayment phase.
- Government interest subsidies (e.g. Central Sector Interest Subsidy - CSIS) and female student concessions may reduce net interest cost.
- Under Section 80E of the Income Tax Act, the entire interest paid on an education loan is deductible for up to 8 consecutive assessment years with no upper monetary cap.