Education Loan EMI Calculator
Calculate your student loan EMI with moratorium period, tax benefits, and repayment planning
Typical range: ₹1,00,000 - ₹10,00,000
Typical: 3-4 years for UG, 2-3 years for PG + 6-12 months grace period
Most banks charge compound interest during moratorium period
Moratorium Impact
Usually parents' income is considered as co-applicant for education loans
Loans above ₹7.5L typically require collateral (property/FD)
Estimated Tax Savings
Interest paid on education loan is fully deductible under Section 80E for up to 8 years
Your EMI is well within comfortable limits. You'll have good financial flexibility.
Monthly EMI
₹9,301
(Starts after 4 year moratorium)
Payment Breakdown
Shorter Tenure Impact
By reducing tenure by 2 years:
Current EMI:
₹9,301
New EMI:
₹10,697
EMI Increase:
+₹1,395
Interest Reduction:
-₹47,682
Current Tenure:
10 years
New Tenure:
8 years
Time Saved:
2 years
Recommendation: If you can afford ₹1,395 more monthly, you'll save ₹47,682 in interest and finish 2 years earlier.
Longer Tenure Impact
By extending tenure by 2 years:
Current EMI:
₹9,301
New EMI:
₹8,092
EMI Decrease:
-₹1,209
Additional Interest:
+₹63,576
Current Tenure:
10 years
New Tenure:
12 years
Extra Time:
2 years
Consider: Lower EMI of ₹8,092 provides breathing room but costs ₹63,576 more in interest over 2 extra years.
| Year | Principal Paid | Interest Paid | Total Payment | Balance |
|---|---|---|---|---|
| 1 | ₹45,266 | ₹66,352 | ₹1,11,618 | ₹6,73,564 |
| 2 | ₹49,759 | ₹61,859 | ₹1,11,618 | ₹6,23,805 |
| 3 | ₹54,697 | ₹56,921 | ₹1,11,618 | ₹5,69,108 |
| 4 | ₹60,126 | ₹51,492 | ₹1,11,618 | ₹5,08,982 |
| 5 | ₹66,093 | ₹45,525 | ₹1,11,618 | ₹4,42,889 |
| 6 | ₹72,653 | ₹38,965 | ₹1,11,618 | ₹3,70,236 |
| 7 | ₹79,863 | ₹31,754 | ₹1,11,618 | ₹2,90,373 |
| 8 | ₹87,790 | ₹23,828 | ₹1,11,618 | ₹2,02,583 |
| 9 | ₹96,503 | ₹15,115 | ₹1,11,618 | ₹1,06,080 |
| 10 | ₹1,06,080 | ₹5,538 | ₹1,11,618 | ₹0 |