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Education Loan EMI Calculator

↻ Updated 2026

Enter the loan amount, rate, repayment tenure and an optional moratorium. Interest that accrues while you study is added to the principal, and EMIs start after the moratorium.

Educational calculators — always consult a licensed professional before making financial decisions.

Your inputs
Loan amount
Interest rate (p.a.)
Education loans typically run 9–13.5%
Repayment tenure
Moratorium (study period)
Interest accrues during study and is added to principal
Monthly EMI
₹18,631
after 1 yr moratorium
Total interest
₹5,65,008
incl. moratorium interest
Total payment
₹15,65,008
on ₹10,00,000 borrowed
Outstanding balance after study7 yr
repayment startpaid off
Where your repayment goes
Original loan₹10,00,000
Interest₹5,65,008
Breakdown
Loan amount₹10,00,000
Interest during moratorium+ ₹1,05,000
Principal at repayment start₹11,05,000
Interest during repayment+ ₹4,60,008
Total of EMIs₹15,65,008
ASSUMPTIONS — During the 1 yr moratorium, simple interest of ₹1,05,000 accrues on ₹10,00,000 at 10.50% p.a. and is capitalised into the principal. EMIs then repay ₹11,05,000 over 84 months on a reducing-balance basis. Paying interest during study avoids capitalisation. Section 80E deductions, processing fees and margin money are excluded. Rates shown are indicative.

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Loan EligibilityPersonal Loan EMILoan Prepayment
Sources & rate references
  • ·EMI = reducing-balance amortization; rates indicative

Rates, brackets and limits here are checked against primary sources. If a number still looks off, email support@realmoneyiq.com and we'll review and fix it.

RealMoneyIQ provides free educational calculators, not financial, tax, investment or legal advice. Results are estimates based on the assumptions you enter and publicly published rates; your actual outcome will differ. Always confirm decisions with a licensed professional who knows your full situation.