Education Loan EMI
Plan repayments on your student / education loan with EMI estimates.
Monthly EMI
₹ 10,624
An education loan EMI calculator helps students and parents plan repayment before borrowing for college. Enter the sanctioned amount, interest rate and repayment tenure to see the monthly EMI and total interest.
Repayment & the moratorium period
Education loans usually include a moratorium (course duration + 6–12 months) during which repayment is paused, though interest may still accrue. Regular EMIs begin after this period — this calculator estimates that EMI phase. Rates typically range from 8.5% to 12% p.a.
💡 Tax benefit
Under Section 80E, the entire interest paid on an education loan is tax-deductible for up to 8 years — with no upper limit on the amount.
Frequently Asked Questions
Is there a tax benefit on education loans?
Yes. Section 80E allows a deduction on the full interest paid for up to 8 years. There is no cap on the deductible interest amount.
When do education loan EMIs start?
EMIs usually begin after the moratorium period — the course duration plus a grace period of 6 to 12 months after completing studies.
Can I get an education loan without collateral?
Loans up to around ₹4 lakh generally need no collateral; ₹4–7.5 lakh may need a guarantor; above ₹7.5 lakh usually requires collateral. Policies vary by lender.
