How the EMI is worked out
EMI = P × r × (1 + r)ⁿ ÷ ((1 + r)ⁿ − 1), where P is the loan amount, r the monthly interest rate (yearly rate ÷ 12) and n the number of monthly instalments.
EMI calculator for education loans
Estimate your monthly EMI, total interest and repayment schedule. Print the result or email it to yourself.
₹
%
years
Education loan with a course period (moratorium)
years
If you do not, simple interest for the period is added to the loan before repayment starts. Check your lender's exact terms.
Perfect Excel Studies · EMI calculation ·
Your monthly EMI₹0
0%interest
- Principal
- ₹0
- Total interest
- ₹0
- Total payment
- ₹0
Year-by-year repayment
| Year | Principal | Interest | Balance |
|---|
This is an estimate for planning. Your lender's actual EMI, fees and rate may differ.
Education loans and the course period
Many education loans have a moratorium: you start repaying after the course ends. Open the advanced option above to see the effect, with the interest either paid monthly or added to the loan.
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