Student Loan Calculator

What is an Education Loan EMI?
An Education Loan EMI (Equated Monthly Installment) is the fixed monthly amount a borrower repays to the lender, consisting of both the interest and a portion of the principal. At the start of the loan tenure, a larger part of the EMI is directed toward interest, while the principal repayment increases gradually over time. This structured repayment continues until the loan is fully settled.
If you want to estimate your monthly EMIs before applying for a student loan, an Education Loan EMI Calculator is a convenient tool to use.

What is an Education Loan EMI Calculator?
An Education Loan EMI Calculator is a digital tool designed to help borrowers estimate the monthly repayment amount for an education loan. It provides a detailed amortization schedule that breaks down each EMI into interest and principal components.
In addition to monthly calculations, the tool also shows how much of the loan has been repaid and the remaining outstanding amount. This helps you better understand the overall cost of the loan, including the total interest payable over the entire term.

How Does the Education Loan EMI Calculator Help?
If you're planning to take an education loan, knowing your monthly EMI in advance allows you to:
Understand how much of your budget will go toward loan repayment
Compare offers from different banks based on interest rates
Make informed decisions about the loan tenure and amount
Plan your finances efficiently around fixed EMI commitments
The calculator is quick, accurate, user-friendly, and free to use. You can experiment with different scenarios to find the most suitable EMI plan for your needs.

How to Use the Education Loan EMI Calculator?
Using the calculator is simple and requires just a few key inputs:
Loan Amount: The total amount you intend to borrow for education.
Tenure: The duration over which you plan to repay the loan. A longer tenure usually means a lower EMI, while a shorter tenure results in higher EMIs but less interest overall.
Interest Rate: The annual rate offered by your preferred bank or financial institution.
Once these values are entered, the calculator instantly displays your estimated monthly EMI. You can adjust the figures to explore various repayment options and choose one that best fits your monthly budget.