I want to borrow at
a rate of % over year(s)
My course is month(s) long
Total Interest to be paid
Total Payment (Principal + Interest)
Your EMI per month will be
Note: We've made a few to arrive at above results Check Loan Eligibility
Customize your results
We've made assumptions of a basic education loan in the above calculations. However, education loans can have different structures. You can customize the results by telling us more below. By default, the grace period is 6 months
Default - x every y months Custom - tell us how you plan to disburse
This is how EMI and total payment vary as per the moratorium repayment type of your loan
Loan Repayment Schedule
It basically covers the entire course fee (inclusive of the exam, term charges), accommodation charges (hostel, mess) and other related miscellaneous expenses.
Repayment generally starts when the course is completed. There are some banks which provide a relaxation period of 6 months after securing a job or a year after the completion of studies for the repayment. The repayment period is generally between 5 to 7 years, but it can be extended.
Yes. If you feed in details of the balance outstanding principal and the tenure (provided by the bank upon such prepayment), the EMI calculator will help you calculate your EMI for the balance outstanding period.
The EMI Calculator will calculate EMI amount according to your inputs. If when taking the loan from the bank, you find that there are differences in tenure, interest rate, or actual principal amount (post deductions of margin money) as stated by the bank, then yes, the EMI calculated may vary.