Loans
Education Loan EMI Calculator
Computes the monthly EMI for an education loan once repayment begins, after any moratorium period.
Your details
₹
%
yrs
yrs
Monthly EMI (post-moratorium)
₹21,805
Total interest (EMI phase)
₹9,66,585
Total payment (EMI phase)
₹26,16,585
After a 1-year moratorium, interest of ₹1,50,000 has typically accrued onto your principal. Your EMI over the following 10 years will be ₹21,805/month.
PrincipalInterest
How this is calculated
Interest accrued during the moratorium (principal × rate × moratorium years, simple-interest convention) is added to the principal; the standard EMI formula is then applied over the repayment tenure.
Frequently asked questions
What is a moratorium period?
Most education loans don't require EMI payments during the course plus a short grace period (often 6–12 months) after — interest may still accrue during this time, depending on the lender.
Does interest accrue during the moratorium?
Often yes, added to the principal, which is why your EMI-phase principal can be higher than what you originally borrowed — this calculator accounts for that.
Is education loan interest tax-deductible?
Yes — under Section 80E, the entire interest paid (no upper limit) is deductible for up to 8 years, for loans taken for higher education.