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Education Loan EMI Calculator

Calculators100% freePrivate

The short answer

A 7.5 lakh education loan at 9.5 percent over 7 years has an EMI of about ₹12,258 a month. You pay ₹2,79,671 in interest, so ₹10,29,671 in all. These are example numbers, so enter your own loan, your bank's rate and the number of years.

Period in

For education loans: the study period plus any grace period before payments start. Interest in this time is added to the loan.

Monthly EMI

₹12,258

Loan amount

₹7,50,000

Total interest

₹2,79,671

Total payment

₹10,29,671

Loan 73% Interest 27%
Month-by-month schedule (84 payments)
Repayment schedule
MonthInterestPrincipalBalance
1₹5,938₹6,320₹7,43,680
2₹5,887₹6,371₹7,37,309
3₹5,837₹6,421₹7,30,888
4₹5,786₹6,472₹7,24,416
5₹5,735₹6,523₹7,17,893
6₹5,683₹6,575₹7,11,319
7₹5,631₹6,627₹7,04,692
8₹5,579₹6,679₹6,98,013
9₹5,526₹6,732₹6,91,281
10₹5,473₹6,785₹6,84,495
11₹5,419₹6,839₹6,77,656
12₹5,365₹6,893₹6,70,763
13₹5,310₹6,948₹6,63,815
14₹5,255₹7,003₹6,56,812
15₹5,200₹7,058₹6,49,754
16₹5,144₹7,114₹6,42,640
17₹5,088₹7,170₹6,35,470
18₹5,031₹7,227₹6,28,243
19₹4,974₹7,284₹6,20,958
20₹4,916₹7,342₹6,13,616
21₹4,858₹7,400₹6,06,216
22₹4,799₹7,459₹5,98,757
23₹4,740₹7,518₹5,91,239
24₹4,681₹7,577₹5,83,662
25₹4,621₹7,637₹5,76,025
26₹4,560₹7,698₹5,68,327
27₹4,499₹7,759₹5,60,568
28₹4,438₹7,820₹5,52,748
29₹4,376₹7,882₹5,44,866
30₹4,314₹7,944₹5,36,921
31₹4,251₹8,007₹5,28,914
32₹4,187₹8,071₹5,20,843
33₹4,123₹8,135₹5,12,709
34₹4,059₹8,199₹5,04,510
35₹3,994₹8,264₹4,96,246
36₹3,929₹8,329₹4,87,916
37₹3,863₹8,395₹4,79,521
38₹3,796₹8,462₹4,71,059
39₹3,729₹8,529₹4,62,530
40₹3,662₹8,596₹4,53,934
41₹3,594₹8,664₹4,45,270
42₹3,525₹8,733₹4,36,537
43₹3,456₹8,802₹4,27,735
44₹3,386₹8,872₹4,18,863
45₹3,316₹8,942₹4,09,921
46₹3,245₹9,013₹4,00,908
47₹3,174₹9,084₹3,91,824
48₹3,102₹9,156₹3,82,668
49₹3,029₹9,229₹3,73,440
50₹2,956₹9,302₹3,64,138
51₹2,883₹9,375₹3,54,763
52₹2,809₹9,449₹3,45,313
53₹2,734₹9,524₹3,35,789
54₹2,658₹9,600₹3,26,189
55₹2,582₹9,676₹3,16,514
56₹2,506₹9,752₹3,06,761
57₹2,429₹9,829₹2,96,932
58₹2,351₹9,907₹2,87,025
59₹2,272₹9,986₹2,77,039
60₹2,193₹10,065₹2,66,974
61₹2,114₹10,144₹2,56,830
62₹2,033₹10,225₹2,46,605
63₹1,952₹10,306₹2,36,299
64₹1,871₹10,387₹2,25,912
65₹1,788₹10,470₹2,15,443
66₹1,706₹10,552₹2,04,890
67₹1,622₹10,636₹1,94,254
68₹1,538₹10,720₹1,83,534
69₹1,453₹10,805₹1,72,729
70₹1,367₹10,891₹1,61,839
71₹1,281₹10,977₹1,50,862
72₹1,194₹11,064₹1,39,798
73₹1,107₹11,151₹1,28,647
74₹1,018₹11,240₹1,17,407
75₹929₹11,329₹1,06,079
76₹840₹11,418₹94,661
77₹749₹11,509₹83,152
78₹658₹11,600₹71,552
79₹566₹11,692₹59,861
80₹474₹11,784₹48,077
81₹381₹11,877₹36,199
82₹287₹11,971₹24,228
83₹192₹12,066₹12,162
84₹96₹12,162₹0

Everything runs in your browser. What you type is not sent anywhere.

How to: Education Loan EMI Calculator

  1. 1Type the loan amount your bank has approved.
  2. 2Type the yearly interest rate on your sanction letter.
  3. 3Set the loan period in years or months.
  4. 4Read the EMI and the total interest. Open the schedule to see how the balance falls.

At a glance

Example
7.5 lakh at 9.5% for 7 years
EMI
₹12,258 a month
Total interest
₹2,79,671

Frequently asked questions

Is the 9.5 percent rate fixed?

No, it is only an example. Education loan rates differ by bank, by course and by whether the loan is secured, and many are floating. Use the rate on your own sanction letter.

Do I pay EMI while I am still studying?

Most education loans have a moratorium: no EMI during the course and some time after. Interest still builds up, which the moratorium page shows.

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