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Education Loan EMI Calculator

Estimate the EMI and total repayment for your education loan.

Last updated: 8 Aug 2026

Quick answer

Your education loan EMI is calculated on a reducing-balance basis from the loan amount, interest rate and tenure. For example, a ₹10 lakh loan at 10.5% for 7 years is an EMI of about ₹16,867. Enter your figures above for an instant EMI and total interest.

₹
% p.a.
years

This education loan EMI calculator estimates your monthly instalment and total interest after the course/moratorium period. Note that many education loans accrue interest during study, which can be added to the principal before EMIs begin.

How to calculate education loan EMI

  1. 1 Enter the sanctioned education loan amount.
  2. 2 Enter the interest rate (p.a.) and repayment tenure in years.
  3. 3 We apply the reducing-balance EMI formula.
  4. 4 See your EMI, total interest and total repayment.

Frequently asked questions

When do education loan EMIs start?
Usually after a moratorium (course duration plus 6–12 months). Interest may accrue during this period and be added to the principal.
Are education loans eligible for tax benefits?
Interest paid on an education loan is deductible under Section 80E for up to 8 years, subject to conditions.
Can I repay early?
Yes, education loans generally allow prepayment without penalty, which reduces total interest.

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