Education Loan Calculator
Calculate student loan EMI with moratorium period.
Input Values
₹
%
Years
Years
Results
Enter values to see results.
⚠️ Results are indicative only. Consult a qualified professional before making any decisions.
What is this Calculator?
The Education Loan Calculator helps you estimate EMI for your student loan, including the moratorium period (the study period during which you don't pay EMI but interest accrues). It gives you a realistic picture of your repayment commitment after graduation.
How to Use
1
Enter Loan Amount: Enter the total education loan amount.
2
Enter Interest Rate: Enter the annual interest rate charged by the bank.
3
Enter Repayment Period: Enter the number of years for repayment after the moratorium.
4
Enter Moratorium Period: Enter the study period + 6 months/1 year grace period.
5
View Results: See Moratorium Interest, Total Interest, and Monthly EMI.
Frequently Asked Questions
The moratorium period is the duration during which no EMI is required — typically the course duration plus 6 months to 1 year after course completion. However, interest accrues during this period.
Education loans cover undergraduate, postgraduate, diploma, vocational, and professional courses in India and abroad — from recognized colleges, universities, and institutions.
Yes. Interest paid on education loans is fully deductible under Section 80E of the Income Tax Act for up to 8 years. There is no upper limit on the deductible amount.
Education loan interest rates in India range from 8% to 13% p.a. Public sector banks typically offer lower rates than private banks. Subsidized loans are available for economically weaker sections.
Education loans up to ₹4 lakh require no collateral. Loans between ₹4–7.5 lakh may require a third-party guarantee. Loans above ₹7.5 lakh typically require collateral (property, FD, etc.).
Yes, education loans can be prepaid. Since interest deduction is available only for 8 years under Section 80E, it may be beneficial to repay within this period to maximize tax savings.