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EMI Calculator

Calculate your Education Loan EMI instantly. Plan your finances better with our accurate EMI calculator.

Loan Details

₹1L₹1Cr
5%20%
1 Year15 Years

EMI Breakdown

Monthly EMI

₹20,517

Principal Amount

₹10,00,000

Total Interest

₹2,30,992

Total Payment

₹12,30,992

Payment Details

  • Number of Payments60 months
  • Interest Rate8.5% p.a.
  • Processing FeeCheck with Bank

💡 Pro Tip

Consider prepaying your loan whenever possible to reduce your total interest burden.

Understanding Education Loans

Key Features

  • •Covers tuition fees, accommodation, books, and other expenses
  • •Moratorium period available during course + 6 months
  • •Tax benefits under Section 80E
  • •No prepayment penalties in most cases

Documents Required

  • •Admission letter from university
  • •Fee structure and cost estimates
  • •Income proof of parents/guardians
  • •Academic records and test scores