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Repayment Breakdown
Month-wise Amortisation Schedule
| Month | Principal (₹) | Interest (₹) | EMI (₹) | Outstanding (₹) |
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Understanding Your EMI
The EMI Calculator gives you a complete picture of your loan repayment — month by month.
Instant EMI Calculation
Enter three values and get your monthly EMI in real time — no waiting, no sign-up required.
Comprehensive Breakdown
See exactly how much of each EMI goes towards principal vs. interest with visual pie and bar charts.
Moratorium Period Support
Factor in your course duration and grace period — interest accrued during moratorium is automatically added to the principal.
Full Amortisation Schedule
Track every EMI, outstanding balance, and cumulative interest paid throughout the loan tenure.
Budget Planning
Experiment with different loan amounts, tenures, and rates to find a repayment plan that suits your income.
Export to CSV
Download the full amortisation schedule as a CSV file to share with your bank or financial advisor.
What is an Education Loan EMI Calculator?
An Education Loan EMI Calculator is a free online tool that simplifies the complex task of estimating monthly repayment obligations after securing an education loan. By entering a few key parameters, it generates an amortisation schedule with a detailed breakdown of each payment — showing the split between principal and interest.
How to Use the Calculator
Enter five values: Loan Amount, Interest Rate, Repayment Tenure, Course Duration, and Grace Period (Moratorium). Results update instantly. You can also download the full schedule as a CSV.
The EMI Formula
EMI = [ P × R × (1+R)^n ] ÷ [ (1+R)^n − 1 ]
Interest accrued during the moratorium period is added to the original principal before EMI computation, reflecting the real disbursed amount you'll repay.
Fixed vs. Floating Interest Rates
This calculator assumes a fixed interest rate, which means the EMI remains constant throughout the tenure. If your loan carries a floating rate, actual EMIs may vary over time as the benchmark rate changes. Always confirm the rate type with your lender before applying.
Longer vs. Shorter Tenure — What's Better?
A longer tenure lowers your monthly EMI but increases the total interest paid. A shorter tenure means higher monthly payments but significantly less interest over the life of the loan. Use the calculator to test different tenures and find the right balance for your budget.
Frequently Asked Questions
An Education Loan EMI Calculator estimates your Equated Monthly Installment by factoring in the loan amount, interest rate, repayment tenure, course duration, and moratorium period — giving you an accurate monthly repayment figure instantly.
The calculator uses the standard formula: EMI = [P×R×(1+R)^n] / [(1+R)^n − 1], where P is the principal (adjusted for moratorium interest), R is the monthly interest rate, and n is the tenure in months.
The moratorium period is a repayment holiday that covers the course duration plus typically 6–12 months after graduation. During this time, interest continues to accrue and is capitalised into the principal, increasing your effective loan amount before repayment begins.
Yes. A fixed interest rate produces a constant EMI throughout the tenure. A floating rate fluctuates with market benchmarks, so your EMI may change periodically. This calculator assumes a fixed rate; check with your lender for your actual rate type.
A longer tenure reduces the monthly EMI but significantly increases total interest paid. A shorter tenure means higher EMIs but lower overall cost. Use the calculator to test multiple scenarios and choose the one that aligns with your expected post-graduation income.
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