Education Loan Calculator
Plan study loan EMIs for India or abroad. This education loan calculator shows post-moratorium EMI, total interest and full amortization.
Typical Rate
8.5% – 15%
p.a. reducing
Max Tenure
15 years
post moratorium
Loan Amount
₹50K – ₹1.5 Cr
India / abroad
Tax Benefit
Section 80E
on full interest
Education Loan Details
₹15.00 L
10.5% p.a.
10 yrs
Monthly EMI
₹20,240
for 120 months · 10 years tenure
Principal
₹15.00 L
61.8%
Total Interest
₹9.29 L
38.2%
Total Payment
₹24.29 L
Over full tenure
Avg Interest/Month
₹7.7 K
Across tenure
Principal vs Interest
Distribution of your total payment
Principal Interest
Yearly Breakdown
Principal and interest paid each year (first 15)
Amortization Schedule
Total Principal
₹15,00,000
Total Interest
₹9,28,830
Total Amount Paid
₹24,28,830
| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|---|---|---|---|---|
| 1 | ₹15,00,000 | ₹20,240 | ₹7,115 | ₹13,125 | ₹14,92,885 |
| 2 | ₹14,92,885 | ₹20,240 | ₹7,178 | ₹13,063 | ₹14,85,707 |
| 3 | ₹14,85,707 | ₹20,240 | ₹7,240 | ₹13,000 | ₹14,78,467 |
| 4 | ₹14,78,467 | ₹20,240 | ₹7,304 | ₹12,937 | ₹14,71,163 |
| 5 | ₹14,71,163 | ₹20,240 | ₹7,368 | ₹12,873 | ₹14,63,796 |
| 6 | ₹14,63,796 | ₹20,240 | ₹7,432 | ₹12,808 | ₹14,56,364 |
| 7 | ₹14,56,364 | ₹20,240 | ₹7,497 | ₹12,743 | ₹14,48,867 |
| 8 | ₹14,48,867 | ₹20,240 | ₹7,563 | ₹12,678 | ₹14,41,304 |
| 9 | ₹14,41,304 | ₹20,240 | ₹7,629 | ₹12,611 | ₹14,33,675 |
| 10 | ₹14,33,675 | ₹20,240 | ₹7,696 | ₹12,545 | ₹14,25,979 |
| 11 | ₹14,25,979 | ₹20,240 | ₹7,763 | ₹12,477 | ₹14,18,217 |
| 12 | ₹14,18,217 | ₹20,240 | ₹7,831 | ₹12,409 | ₹14,10,386 |
Frequently Asked Questions
Public sector banks offer 8.5% – 11% p.a. for studies in India, with a 50 bps discount for female students. Private banks and NBFCs charge 11% – 15%. Loans for studies abroad usually attract a 50–150 bps premium.