Education Loan Calculator
Calculate EMI, total interest, and total payment for an education loan including the moratorium period.
₹
% p.a.
Yr
Months
Result
Monthly EMI
₹13,856
Total Interest
₹662,706
Total Payment
₹1,662,706
Estimate for information only, not financial, tax or investment advice. Rates and rules change, so check anything important with a qualified professional or the official source. Terms
How to use?
Enter the loan amount, annual interest rate, repayment tenure, and the moratorium (course + grace) period. Interest accrues during the moratorium and is added to the principal before EMI repayment begins.
Example
A ₹10,00,000 loan at 9% for 10 years with a 12-month moratorium: the principal grows during the moratorium, then the standard EMI formula is applied for 120 months.
FAQs
- What is a moratorium period? The time during study and a grace period after, when you usually don't pay EMIs but interest may accrue.
- Why is total interest higher with a moratorium? Unpaid interest compounds onto the principal, increasing the amount you eventually repay.
Common Use Cases
- Planning repayment for student/education loans.
- Comparing lenders with different moratorium terms.
- Estimating post-study monthly obligations.