Calculator
Enter education loan details
Adjust study loan amount, annual interest rate, and repayment tenure to estimate EMI.
Rs.
Rs.50000Rs.10000000
%
1 %30 %
Years
1 Years15 Years
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Estimate education loan EMI, total interest, and repayment schedule for study financing.
Calculator
Adjust study loan amount, annual interest rate, and repayment tenure to estimate EMI.
Breakdown
Review total repayment, interest cost, and first-year amortization.
Principal amount
₹15,00,000
63%
Total interest
₹8,78,713
37%
Showing first 12 months of repayment.
| Month | EMI | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ₹19,823 | ₹7,323 | ₹12,500 | ₹14,92,677 |
| 2 | ₹19,823 | ₹7,384 | ₹12,439 | ₹14,85,294 |
| 3 | ₹19,823 | ₹7,445 | ₹12,377 | ₹14,77,849 |
| 4 | ₹19,823 | ₹7,507 | ₹12,315 | ₹14,70,341 |
| 5 | ₹19,823 | ₹7,570 | ₹12,253 | ₹14,62,772 |
| 6 | ₹19,823 | ₹7,633 | ₹12,190 | ₹14,55,139 |
| 7 | ₹19,823 | ₹7,696 | ₹12,126 | ₹14,47,442 |
| 8 | ₹19,823 | ₹7,761 | ₹12,062 | ₹14,39,682 |
| 9 | ₹19,823 | ₹7,825 | ₹11,997 | ₹14,31,856 |
| 10 | ₹19,823 | ₹7,890 | ₹11,932 | ₹14,23,966 |
| 11 | ₹19,823 | ₹7,956 | ₹11,866 | ₹14,16,010 |
| 12 | ₹19,823 | ₹8,023 | ₹11,800 | ₹14,07,987 |
Formula
Education loan EMI uses the standard fixed-rate EMI formula after repayment begins.
Standard EMI formula
EMI = P x R x (1 + R)^N / ((1 + R)^N - 1)
This calculator reuses the standard Weburcode EMI engine. P is the loan amount, R is the monthly interest rate, and N is the number of monthly installments.
The annual interest rate is divided by 12 and converted into a monthly decimal rate. The amortization table shows how early payments usually carry more interest while later payments reduce more principal.
Guide
Use this calculator to plan study loan repayment and compare lender offers.
Add the expected loan amount for tuition, living costs, or other eligible education expenses.
Use the annual education loan rate offered by the lender.
Compare repayment duration against monthly EMI and total interest cost.
It helps students and families estimate repayment pressure, compare tenure options, and plan future cash flow before borrowing.
FAQ
Educational answers for common education loan planning questions.
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