Estimate education-loan repayment, including interest that builds up while you study.
A ₹10,00,000 education loan at 9.5% with a 24-month moratorium grows to ₹11,90,000.00 before repayment starts, then costs ₹15,398.31 a month for 10 years.
Education loans usually have a moratorium — the study period plus a grace period — during which you may not need to pay EMIs, but interest keeps building. This calculator adds that accrued interest to your balance and then computes the EMI for the repayment term.
Paying the interest during the moratorium keeps the balance from growing; the difference can be large. Use the extra-payment boxes to see how overpayments help. In India, interest on education loans can qualify for a tax deduction under Section 80E in the old tax regime — check current rules. See also the College Cost Calculator.
The calculator applies the standard financial formulas step by step.
| Item | Amount |
|---|---|
| Loan amount | ₹11,90,000.00 |
| Interest accrued before repayment | ₹1,90,000.00 |
| Monthly payment (principal + interest) | ₹15,398.31 |
| Total interest | ₹6,57,797.12 |
| Total of all payments | ₹18,47,797.12 |
| Time to pay off | 10 years |
| Term | 8.5% p.a. | 9.5% p.a. | 10.5% p.a. |
|---|---|---|---|
| 5 years | ₹24,004.34 | ₹24,992.21 | ₹26,007.62 |
| 7 years | ₹18,528.69 | ₹19,449.34 | ₹20,401.41 |
| 10 years | ₹14,506.33 | ₹15,398.31 | ₹16,327.13 |
| 15 years | ₹11,521.45 | ₹12,426.27 | ₹13,375.33 |
A period (study time plus a grace period) when EMIs may be paused. Interest still accrues on the loan.
Often yes — it is capitalized at the end of the moratorium, so you repay interest on interest. This calculator shows that effect.
If you can, yes. Paying the monthly interest stops the balance from growing and lowers the EMI later.
In India, Section 80E has allowed a deduction for interest paid, for up to eight years, under the old tax regime. Confirm current rules.
Commonly 5 to 15 years, depending on the lender and loan size.
Education loans often have no prepayment penalty, but check your loan agreement.
It uses the standard formula: balance at repayment = P + P × r × months of moratorium The full method and a worked example are shown on this page.
No. The calculator gives estimates for planning and learning. Real offers vary by lender, product and date, so confirm the details with your bank, lender or a qualified adviser before deciding.
Yes. The maths is identical in any currency; only the currency symbol shown in the results differs.
No. Everything is calculated in your browser and nothing you enter is uploaded or saved.
