Education Loan Calculator

Plan your education journey with clarity. Estimate repayments, interest, and EMI before applying for a loan.

What is an Education Loan Calculator?

An Education Loan Calculator is an online tool that helps students and parents estimate the monthly installment (EMI), total repayment, and interest payable on an education loan. Instead of lengthy manual calculations, it provides instant results for smarter financial planning.

Why Use an Education Loan Calculator?

✅ Quick & Accurate – Results in seconds
✅ Better Financial Planning – Know your EMI in advance
✅ Compare Loan Options – Different amounts & tenures
✅ Transparency – Avoid repayment surprises
✅ Smart Decisions – Choose a plan that fits your budget

Education Loan EMI Calculator

Loan Amount (₹)

Interest Rate (% p.a.)

Loan Tenure (Years)

Calculation Summary

Monthly EMI

₹ 0

Total Interest Payable

₹ 0

Total Amount Payable

₹ 0

Amortization Schedule

Please enter valid loan details to see the amortization chart.

Detailed Monthly Amortization Table

Loan details are required to generate the amortization table.

Benefits for Students & Parents

The calculator is designed to benefit both students and parents:

🎓 Students – Focus on studies without financial stress
👨‍👩‍👧 Parents – Understand obligations & plan long-term finances
🌍 Overseas Education – Useful for international study loans

How Does It Work?

The Education Loan Calculator uses a standard EMI formula:

EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]

Where P = Loan Amount, R = Monthly Interest Rate, and N = Loan Tenure in Months.

Example

For a loan of ₹10,00,000 at 9% interest for 7 years:

EMI ≈ ₹16,075 per month
Total Repayment ≈ ₹13,50,300
Total Interest ≈ ₹3,50,300

Key Takeaway

The Education Loan Calculator is your financial planning companion. Know your repayment schedule in advance, avoid hidden surprises, and secure your academic future with confidence.