Education Loan EMI Calculator
Calculate EMI on education loans including moratorium period (course duration plus grace).
Loan Details
Results
Your Monthly EMI
₹27,550
Principal
₹20,00,000
Total Interest
₹13,06,000
Total Payment
₹33,06,000
Yearly Amortization Schedule
| Year | Principal Paid | Interest Paid | Balance |
|---|---|---|---|
| 1 | ₹1,16,350 | ₹2,14,250 | ₹18,83,650 |
| 2 | ₹1,29,814 | ₹2,00,786 | ₹17,53,836 |
| 3 | ₹1,44,836 | ₹1,85,764 | ₹16,09,000 |
| 4 | ₹1,61,596 | ₹1,69,004 | ₹14,47,404 |
| 5 | ₹1,80,296 | ₹1,50,304 | ₹12,67,108 |
| 6 | ₹2,01,159 | ₹1,29,441 | ₹10,65,949 |
| 7 | ₹2,24,437 | ₹1,06,163 | ₹8,41,511 |
| 8 | ₹2,50,409 | ₹80,191 | ₹5,91,102 |
| 9 | ₹2,79,386 | ₹51,214 | ₹3,11,716 |
| 10 | ₹3,11,716 | ₹18,884 | ₹0 |
Education loan interest and moratorium
Education loans in India charge 8.5% to 13.5%. The moratorium period is the course duration plus 6-12 months grace. During the moratorium you do not repay EMIs, but simple interest keeps accruing — which gets added to the principal once the moratorium ends.
Tax benefit under Section 80E
Interest paid on an education loan is fully deductible from taxable income under Section 80E for up to 8 years — there is no upper cap on the amount. This is one of the most valuable deductions available under the old regime.
Frequently Asked Questions
Everything you need to know, in one place.
What is moratorium period?
The moratorium is the grace period during studies plus 6-12 months after course completion when you do not need to pay EMI. Interest accrues during this period.
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