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Education Loan EMI Calculator - Student Loan Payment

Calculate education loan EMI for studying in India or abroad. Plan your student loan repayment with our free calculator.

Quick Student Loan Presets (India & Abroad): 2026 Schemes
Tuition + Living expenses
PSU banks 8.5% - 10.5%
Course + 6-12m buffer
Choose how study-period interest is serviced
Repayment post-moratorium (up to 15Y)
Full interest deductible for 8 years
Monthly EMI (Post-Moratorium) ₹0
Moratorium Interest ₹0
Total Repayment Interest ₹0
Sec 80E Tax Savings (8 Yrs) ₹0
Total Amount Paid ₹0
Net Effective Cost (After Tax) ₹0
Interest-to-Principal Ratio 0%

Visualizations

Payment Breakdown

Balance Over Time

Monthly Breakdown

Cumulative View

Section 80E Tax Shield

Moratorium Compounding & Section 80E Unlimited Tax Relief

RBI 0% Foreclosure Penalty

Under Section 80E of the Income Tax Act, 100% of the interest paid on an education loan is deductible from taxable income for up to 8 consecutive financial years with zero upper monetary ceiling. Servicing simple interest during study prevents punitive capitalization compounding.

Moratorium Interest Servicing:
₹17,500 / mo
Study period simple interest
Capitalization Penalty:
₹1,47,600
Extra interest if compounded
Total Section 80E Deduction:
₹12,45,000
Interest claimed over 8 yrs
Effective Post-Tax Rate:
7.22% p.a.
Reduced from 10.5% (31.2% slab)
8-Year Tax Shield Saved:
₹3,88,440
Total income tax saved in 8 yrs
Post-Year 8 Unshielded Interest:
₹1,24,500
0% tax deduction after Year 8
Year 8 Prepayment Savings:
Save ₹1,24,500
Extinguish balance at Month 96
Strategic Repayment Advice:
Because Section 80E has no upper limit, borrowers in the 30% tax bracket enjoy an effective interest rate of ~7.2%. You can aggressively prepay without penalty under RBI rules once the 8-year tax deduction window expires.
Study Abroad Financing

Overseas Education: PSU Secured (SBI Ed-Vantage) vs Unsecured NBFC (InCred/Avanse)

Save Up to ₹25L+ Lifetime

Financing overseas degrees (US, UK, Canada, Germany, Australia) requires navigating the 15% statutory margin money and tangible collateral LTV mandates of PSU banks vs 100% cost-of-attendance funding from specialist NBFCs carrying a +300 bps to +400 bps interest risk premium.

Tuition + Living + Travel (I-20/CAS)
Residential flat / house / plot / FD
Standard overseas loan term
SBI Ed-Vantage / PSU
InCred / Avanse / HDFC Credila
SBI Ed-Vantage (Secured) 9.65% p.a.
Mandatory Margin Money: ₹9,00,000 (15%) Self / Parent funded
Bank Loan Sanction: ₹51,00,000 (85%) Disbursed directly
Monthly EMI: ₹66,358
Collateral LTV Status: 72.9% LTV (Adequate)
Net Lifetime Cost (Post-80E): ₹61,71,328
Specialist NBFC (Unsecured) 12.75% p.a.
Margin Money Required: ₹0 (0% - 100% Funded) No family capital locked
Loan Sanction Amount: ₹60,00,000 (100%) Full I-20 attendance funded
Monthly EMI: ₹88,754
Collateral Required: Zero (Unsecured)
Net Lifetime Cost (Post-80E): ₹84,77,748
Monthly EMI Saved with SBI:
₹22,396 / mo
Direct monthly budget relief
Gross Interest Saved:
₹17,87,518
Total interest payout difference
Net Lifetime Cash Savings:
₹23,06,420
Total wealth retained by family
LTV & Margin Money Financing Recommendation:
Loading recommendation...

Amortization Schedule

About Education Loan EMI Calculator

About This Calculator

Our Education Loan EMI Calculator is a free online tool that helps you calculate and plan your finances. Simply enter the required values and get instant results with detailed breakdowns and visual charts.

Use this calculator to make informed financial decisions and plan your budget effectively.

Frequently Asked Questions

How do I use the Education Loan EMI Calculator?

Simply enter the required values in the input fields and click Calculate. The results will be displayed instantly with visual charts and detailed schedules.

Is the Education Loan EMI Calculator free to use?

Yes, all our calculators are completely free to use. No registration or payment required.

Are the calculations accurate?

Our calculators use standard formulas and provide accurate results. However, actual results may vary slightly based on specific lender terms.

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