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Education Loan · India
Education Loan EMI Calculator
Calculate your monthly EMI, total interest payable, and see a full month-by-month repayment schedule for your study abroad loan.
₹5 L₹1.5 Cr
8%18%
1 yr15 yrs
036 mo
Moratorium Interest: During your 18-month study + grace period, interest accrues on the principal. Estimated moratorium interest = ₹5.17 L. Most lenders add this to the principal before repayment starts.
Popular Education Loan Lenders
HDFC Credila
Largest ed-loan lender in India
9.5–12%
Max ₹1.5 Cr
Optional above ₹40L
Avanse
Fast approval, 100+ countries
10–13%
Max ₹75 L
Optional above ₹40L
InCred
NBFC, flexible docs
11–14%
Max ₹60 L
Optional above ₹25L
SBI Scholar Loan
Lowest rate, slower process
8.6–10.5%
Max ₹40 L
Required above ₹20L
Axis Bank
Quick disbursement
13.7–15.2%
Max ₹40 L
Required above ₹20L
Monthly EMI
₹42,179
for 10 years
Loan Amount₹30.00 L
Total Interest₹20.61 L
Total Payable₹50.61 L
Moratorium Interest (18mo)₹5.17 L
Principal 59%Interest 41%
💡 Pro Tip
Even small prepayments early in the tenure significantly reduce your total interest. Paying one extra EMI per year on a 10-year loan can cut tenure by 1–2 years.
Disclaimer: This calculator provides estimates only. Actual EMI, interest rates, and terms vary by lender, applicant profile, and collateral. Always verify with your lender before making financial decisions. This is not financial advice.