Anam Shams
Anam Shams is a seasoned professional in the study abroad field with deep knowledge of admissions and loans. With a passion for helping aspiring students fulfill their academic dreams, Anam...
Reviewed By:
Aman
Aman Jain graduated from IIT Kanpur, and currently functions as the CMO at GyanDhan. He is deeply passionate about creating equality in higher education and has directly interacted with 2 Lakh...
Several top banks and financial institutions offer different types of education loan calculators to students. However, we found that key features were missing. For example:
The SBI Education Loan EMI calculator, also known as the SBI education loan calculator, computes the repayment schedule by offering two distinct types of calculations. The first type, often referred to as the SBI education loan interest calculator, is based on the interest being paid during the course duration. The second type of computation assumes that the interest is not paid during the study period. This tool is quite flexible, allowing for the consideration of prepayment. However, it does not accommodate partial payments during the study period, nor does it allow customization of the loan disbursement timing—assuming that you'll disburse 100% of the loan at once. In contrast to the GyanDhan Student Loan EMI Calculator, the SBI Education Loan EMI Calculator does not provide the option to view and download the loan repayment schedule report.
AXIS Bank Education Loan EMI calculator helps you calculate the monthly EMI of the education loan by taking into account the education loan amount, the interest rate per annum, loan tenure in months, and the processing fees. Besides the EMI, the AXIS bank education loan EMI calculator also checks your education loan eligibility. However, despite these options, the Axis Education Loan EMI calculator lacks on several fronts. Customization options pertaining to the
grace period, partial disbursal, repayment schedules are not allowed at all. Apart from these cons, it also does not show the complete payment schedule at one glance.
The BOB Education Loan EMI Calculator, also known as the BOB education loan calculator, calculates the monthly loan payment by requiring inputs like the principal amount, rate of interest, and the loan term. Additionally, it provides a graphical representation of the loan repayment in Rupees over the years, detailing both the total interest and the total amount paid. This tool serves not only as the BOB education loan EMI calculator but also acts as an APR (Annual Percentage Rate) calculator, incorporating functions akin to a Bank of Baroda education loan interest rate calculator. Despite its comprehensive capabilities, like others, this calculator is inflexible with no options for customization. The disbursal schedule is fixed, not allowing adjustments as per the applicant's needs; partial payments are not permitted, and a detailed repayment schedule is also missing.
Avanse Education Loan EMI Calculator calculates EMI by using the loan amount, loan tenure in months, and the annual rate of interest. The Avanse Education Loan EMI calculator does have a few customization options pertaining to repayment - extra payout, larger EMIs and decreased tenures. Despite these advantages, the tool does not factor in partial payments, grace period and does not offer the facility of seeing the repayment schedule report.
Auxilo Education Loan EMI Calculator is a swift and simple way to calculate student loan EMI. All you need to do is enter the annual rate of interest in percentage, loan tenure in years, and education loan amount in Rupees into the online Auxilo education loan EMI calculator to calculate your EMI. The Auxilo Education Loan EMI calculator fares slightly better than the other EMI Calculators out there as it does have a few customization options pertaining to repayment - extra payout, larger EMIs and decreased tenures. On the other hand, the tool still lacks in a few departments as it does not factor in partial payments, grace period and does not offer the facility of viewing the repayment schedule report.
Incred Education Loan EMI Calculator is an easy to use online student loan EMI computation tool. You just need to input your loan amount in Rupees, with interest rate in percentage, and loan tenure in years to compute your EMI. Even though the Incred education loan is very customer-friendly, yet the EMI Calculator is very basic. It completely lacks any customization features and just provides the bare-bones abilities. Partial payments, grace period, flexible disbursal and loan repayment schedule report for
planning repayment of education loan are totally missing from the Incred Education Loan EMI Calculator
GyanDhan’s online education loan EMI calculator, a user-friendly education EMI calculator, is quite easy to use, delivers quick results, and accommodates various combinations at no cost. What’s more, utilize the several customization options to determine your precise EMI instantly. Plus, gain the added advantage of viewing and downloading the loan repayment schedule report, allowing you to plan your finances for the coming years in a very efficient and methodical manner. It stands out as the most flexible and customizable education loan EMI calculator, and its feature-rich design makes it the most comprehensive EMI Calculator available.