Education Loan Calculator
Calculate your education loan EMI, total interest, and repayment schedule. Plan your study financing for domestic and international education.
Loan Details
Study Type
Domestic
Select your study destination
Loan Amount Required
₹10,00,000
₹
Total loan amount required (₹1 Lakh to ₹5 Crore)
Interest Rate (Annual)
8.5%
%
Annual interest rate (5% to 15%)
Course Duration
2 years
years
Duration of your study program (1 to 6 years)
Moratorium Period
1 year
years
Interest-only period before EMI starts (0 to 2 years)
Repayment Tenure
10 years
years
Loan repayment period after moratorium (5 to 15 years)
Processing Fee
1%
%
Bank processing fee (0% to 2% of loan amount)
Monthly EMI
₹12,374
Total Repayment
₹14,84,880
₹4,84,880
Total Interest
2026
First EMI Year
Loan Summary
Principal Amount
₹10,00,000
Moratorium Interest
₹85,000
Processing Fee
₹10,000
Study Period
2 years
Loan Tenure
11 years
Repayment Schedule (First 3 Years)
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|
Bank Comparison
| Bank | Interest Rate | Max Loan | Processing Fee | Moratorium |
|---|
About Education Loan Calculator
The Education Loan Calculator helps students and parents plan financing for higher education. Calculate your EMI, total interest, and understand the repayment schedule for both domestic and international studies.
Key Features of Education Loans
Domestic Studies
- Loan Amount: Up to ₹50 Lakhs
- Interest Rate: 7.5% - 9.5%
- Margin: 5% - 15%
- Repayment: 5-15 years
Abroad Studies
- Loan Amount: Up to ₹1.5 Crore
- Interest Rate: 8.5% - 11.5%
- Margin: 10% - 15%
- Repayment: 10-15 years
Government Schemes
- Vidya Lakshmi: Portal for all banks
- Padho Pardesh: For minority students
- Interest Subsidy: For economically weak
- Skill Loans: For vocational courses
Tax Benefits
- Section 80E: Interest deduction
- Duration: 8 years of repayment
- Maximum: No upper limit
- Who can claim: Student or parent
Required Documents
| Document | Student | Co-applicant | Purpose |
|---|---|---|---|
| Admission Proof | Required | Not Required | Course verification |
| Academic Records | Required | Not Required | Eligibility check |
| Income Proof | If employed | Required | Repayment capacity |
| Property Papers | Not Required | Required (if collateral) | Security |
Note: Education loan terms vary by bank, course, university, and applicant profile. Interest rates are subject to change. Always check the latest terms with your bank and consider government subsidy schemes for better rates.