Make college memories that last a lot longer than your student loan payments.

Education Loan EMI Calculator

The education loan EMI Calculator will help you understand how much EMI you will have to pay on your loan which will help you plan your finances better and ensure that you take a loan you can afford to repay in a stress-free manner. Just enter the current interest rate as well as the loan amount and repayment tenure required in the relevant fields to calculate

Loan Amount
1000000
Tenure
120
Loan Amount:
Tenure in Months:
Interest Rate in %:
Processing Fee: (% of loan amount)
Would you like to make Pre-payments?
Pre-payment Frequency
Pre-payment starts in
Pre-payment amount
Loan Completion Month
Pre-payment Fee %
Pre-payment Applies to

Your Monthly Education Loan EMI: Rs 11,870

Monthly amount paid to your Education Loan provider

Break-up of all total amount payable
Loan Amount
1000000Rs
Total Interest Due
4,24,421Rs
Processing Fee
0Rs
Loan Amount Via EMI
11,870Rs
Loan Amount Prepaid
0Rs
Total Interest
0Rs
Processing Fee
0Rs
Pre-payment Fee
11,870Rs
Total Amount Payable
0Rs
Your loan details as specified by you
Loan Amount
1000000Rs
Tenure
10 Years
Interest Rate
7.50%
Processing Fee
0
Pre-payment
11,870Rs
CT
Is your Credit Score good enough for getting a loan or card?

Your Repayment Details (Yearly/Monthly)

Your debt repayment schedule in regular instalments over a period of time.

Tab amortization
Principal Paid Interest Paid Outstanding Loan BalanceO/S Balance(Without Pre-payment) O/S Balance(With Pre-payment)
Year Principal Paid(A)1 Interest Paid(B) Total Payment (A+B) Outstanding Loan Balance Pre-payment
1 Rupee image4,977 Rupee image13,958 Rupee image18,935 Rupee image24,95,023
Dec Rupee image4,977 Rupee image13,958 Rupee image18,935 Rupee image24,95,023
2 Rupee image61,929 Rupee image1,65,289 Rupee image2,27,218 Rupee image24,33,093
Jan Rupee image5,004 Rupee image13,931 Rupee image18,935 Rupee image24,90,019
Feb Rupee image5,032 Rupee image13,903 Rupee image18,935 Rupee image24,84,987
Mar Rupee image5,060 Rupee image13,875 Rupee image18,935 Rupee image24,79,927
Apr Rupee image5,089 Rupee image13,846 Rupee image18,935 Rupee image24,74,838
May Rupee image5,117 Rupee image13,818 Rupee image18,935 Rupee image24,69,721
Jun Rupee image5,146 Rupee image13,789 Rupee image18,935 Rupee image24,64,575
July Rupee image5,174 Rupee image13,761 Rupee image18,935 Rupee image24,59,401
Aug Rupee image5,203 Rupee image13,732 Rupee image18,935 Rupee image24,54,198
Sep Rupee image5,232 Rupee image13,703 Rupee image18,935 Rupee image24,48,966
Oct Rupee image5,261 Rupee image13,673 Rupee image18,934 Rupee image24,43,704
Nov Rupee image5,291 Rupee image13,644 Rupee image18,935 Rupee image24,38,413
Dec Rupee image5,320 Rupee image13,614 Rupee image18,934 Rupee image24,33,093
3 Rupee image66,210 Rupee image1,61,009 Rupee image2,27,219 Rupee image23,66,883
Jan Rupee image5,350 Rupee image13,585 Rupee image18,935 Rupee image24,27,743
Feb Rupee image5,380 Rupee image13,555 Rupee image18,935 Rupee image24,22,363
Mar Rupee image5,410 Rupee image13,525 Rupee image18,935 Rupee image24,16,953
Apr Rupee image5,440 Rupee image13,495 Rupee image18,935 Rupee image24,11,513
May Rupee image5,471 Rupee image13,464 Rupee image18,935 Rupee image24,06,042
Jun Rupee image5,501 Rupee image13,434 Rupee image18,935 Rupee image24,00,541
July Rupee image5,532 Rupee image13,403 Rupee image18,935 Rupee image23,95,009
Aug Rupee image5,563 Rupee image13,372 Rupee image18,935 Rupee image23,89,446
Sep Rupee image5,594 Rupee image13,341 Rupee image18,935 Rupee image23,83,853
Oct Rupee image5,625 Rupee image13,310 Rupee image18,935 Rupee image23,78,228
Nov Rupee image5,656 Rupee image13,278 Rupee image18,934 Rupee image23,72,571
Dec Rupee image5,688 Rupee image13,247 Rupee image18,935 Rupee image23,66,883
4 Rupee image70,785 Rupee image1,56,435 Rupee image2,27,220 Rupee image22,96,099
Jan Rupee image5,720 Rupee image13,215 Rupee image18,935 Rupee image23,61,163
Feb Rupee image5,752 Rupee image13,183 Rupee image18,935 Rupee image23,55,412
Mar Rupee image5,784 Rupee image13,151 Rupee image18,935 Rupee image23,49,628
Apr Rupee image5,816 Rupee image13,119 Rupee image18,935 Rupee image23,43,812
May Rupee image5,849 Rupee image13,086 Rupee image18,935 Rupee image23,37,963
Jun Rupee image5,881 Rupee image13,054 Rupee image18,935 Rupee image23,32,082
July Rupee image5,914 Rupee image13,021 Rupee image18,935 Rupee image23,26,168
Aug Rupee image5,947 Rupee image12,988 Rupee image18,935 Rupee image23,20,221
Sep Rupee image5,980 Rupee image12,955 Rupee image18,935 Rupee image23,14,241
Oct Rupee image6,014 Rupee image12,921 Rupee image18,935 Rupee image23,08,227
Nov Rupee image6,047 Rupee image12,888 Rupee image18,935 Rupee image23,02,180
Dec Rupee image6,081 Rupee image12,854 Rupee image18,935 Rupee image22,96,099
5 Rupee image75,676 Rupee image1,51,543 Rupee image2,27,219 Rupee image22,20,423
Jan Rupee image6,115 Rupee image12,820 Rupee image18,935 Rupee image22,89,984
Feb Rupee image6,149 Rupee image12,786 Rupee image18,935 Rupee image22,83,835
Mar Rupee image6,183 Rupee image12,751 Rupee image18,934 Rupee image22,77,651
Apr Rupee image6,218 Rupee image12,717 Rupee image18,935 Rupee image22,71,433
May Rupee image6,253 Rupee image12,682 Rupee image18,935 Rupee image22,65,180
Jun Rupee image6,288 Rupee image12,647 Rupee image18,935 Rupee image22,58,893
July Rupee image6,323 Rupee image12,612 Rupee image18,935 Rupee image22,52,570
Aug Rupee image6,358 Rupee image12,577 Rupee image18,935 Rupee image22,46,212
Sep Rupee image6,394 Rupee image12,541 Rupee image18,935 Rupee image22,39,819
Oct Rupee image6,429 Rupee image12,506 Rupee image18,935 Rupee image22,33,389
Nov Rupee image6,465 Rupee image12,470 Rupee image18,935 Rupee image22,26,924
Dec Rupee image6,501 Rupee image12,434 Rupee image18,935 Rupee image22,20,423
6 Rupee image80,904 Rupee image1,46,313 Rupee image2,27,217 Rupee image21,39,519
Jan Rupee image6,537 Rupee image12,397 Rupee image18,934 Rupee image22,13,886
Feb Rupee image6,574 Rupee image12,361 Rupee image18,935 Rupee image22,07,312
Mar Rupee image6,611 Rupee image12,324 Rupee image18,935 Rupee image22,00,701
Apr Rupee image6,648 Rupee image12,287 Rupee image18,935 Rupee image21,94,053
May Rupee image6,685 Rupee image12,250 Rupee image18,935 Rupee image21,87,369
Jun Rupee image6,722 Rupee image12,213 Rupee image18,935 Rupee image21,80,647
July Rupee image6,760 Rupee image12,175 Rupee image18,935 Rupee image21,73,887
Aug Rupee image6,797 Rupee image12,138 Rupee image18,935 Rupee image21,67,090
Sep Rupee image6,835 Rupee image12,100 Rupee image18,935 Rupee image21,60,254
Oct Rupee image6,873 Rupee image12,061 Rupee image18,934 Rupee image21,53,381
Nov Rupee image6,912 Rupee image12,023 Rupee image18,935 Rupee image21,46,469
Dec Rupee image6,950 Rupee image11,984 Rupee image18,934 Rupee image21,39,519
7 Rupee image86,495 Rupee image1,40,722 Rupee image2,27,217 Rupee image20,53,024
Jan Rupee image6,989 Rupee image11,946 Rupee image18,935 Rupee image21,32,530
Feb Rupee image7,028 Rupee image11,907 Rupee image18,935 Rupee image21,25,501
Mar Rupee image7,067 Rupee image11,867 Rupee image18,934 Rupee image21,18,434
Apr Rupee image7,107 Rupee image11,828 Rupee image18,935 Rupee image21,11,327
May Rupee image7,147 Rupee image11,788 Rupee image18,935 Rupee image21,04,180
Jun Rupee image7,187 Rupee image11,748 Rupee image18,935 Rupee image20,96,994
July Rupee image7,227 Rupee image11,708 Rupee image18,935 Rupee image20,89,767
Aug Rupee image7,267 Rupee image11,668 Rupee image18,935 Rupee image20,82,500
Sep Rupee image7,308 Rupee image11,627 Rupee image18,935 Rupee image20,75,193
Oct Rupee image7,348 Rupee image11,586 Rupee image18,934 Rupee image20,67,844
Nov Rupee image7,389 Rupee image11,545 Rupee image18,934 Rupee image20,60,455
Dec Rupee image7,431 Rupee image11,504 Rupee image18,935 Rupee image20,53,024
8 Rupee image92,470 Rupee image1,34,748 Rupee image2,27,218 Rupee image19,60,553
Jan Rupee image7,472 Rupee image11,463 Rupee image18,935 Rupee image20,45,552
Feb Rupee image7,514 Rupee image11,421 Rupee image18,935 Rupee image20,38,038
Mar Rupee image7,556 Rupee image11,379 Rupee image18,935 Rupee image20,30,482
Apr Rupee image7,598 Rupee image11,337 Rupee image18,935 Rupee image20,22,884
May Rupee image7,640 Rupee image11,294 Rupee image18,934 Rupee image20,15,244
Jun Rupee image7,683 Rupee image11,252 Rupee image18,935 Rupee image20,07,561
July Rupee image7,726 Rupee image11,209 Rupee image18,935 Rupee image19,99,835
Aug Rupee image7,769 Rupee image11,166 Rupee image18,935 Rupee image19,92,066
Sep Rupee image7,812 Rupee image11,122 Rupee image18,934 Rupee image19,84,253
Oct Rupee image7,856 Rupee image11,079 Rupee image18,935 Rupee image19,76,397
Nov Rupee image7,900 Rupee image11,035 Rupee image18,935 Rupee image19,68,497
Dec Rupee image7,944 Rupee image10,991 Rupee image18,935 Rupee image19,60,553
9 Rupee image98,860 Rupee image1,28,359 Rupee image2,27,219 Rupee image18,61,693
Jan Rupee image7,988 Rupee image10,946 Rupee image18,934 Rupee image19,52,565
Feb Rupee image8,033 Rupee image10,902 Rupee image18,935 Rupee image19,44,532
Mar Rupee image8,078 Rupee image10,857 Rupee image18,935 Rupee image19,36,454
Apr Rupee image8,123 Rupee image10,812 Rupee image18,935 Rupee image19,28,331
May Rupee image8,168 Rupee image10,767 Rupee image18,935 Rupee image19,20,162
Jun Rupee image8,214 Rupee image10,721 Rupee image18,935 Rupee image19,11,949
July Rupee image8,260 Rupee image10,675 Rupee image18,935 Rupee image19,03,689
Aug Rupee image8,306 Rupee image10,629 Rupee image18,935 Rupee image18,95,383
Sep Rupee image8,352 Rupee image10,583 Rupee image18,935 Rupee image18,87,030
Oct Rupee image8,399 Rupee image10,536 Rupee image18,935 Rupee image18,78,632
Nov Rupee image8,446 Rupee image10,489 Rupee image18,935 Rupee image18,70,186
Dec Rupee image8,493 Rupee image10,442 Rupee image18,935 Rupee image18,61,693
10 Rupee image1,05,691 Rupee image1,21,526 Rupee image2,27,217 Rupee image17,56,001
Jan Rupee image8,540 Rupee image10,394 Rupee image18,934 Rupee image18,53,152
Feb Rupee image8,588 Rupee image10,347 Rupee image18,935 Rupee image18,44,564
Mar Rupee image8,636 Rupee image10,299 Rupee image18,935 Rupee image18,35,928
Apr Rupee image8,684 Rupee image10,251 Rupee image18,935 Rupee image18,27,244
May Rupee image8,733 Rupee image10,202 Rupee image18,935 Rupee image18,18,511
Jun Rupee image8,782 Rupee image10,153 Rupee image18,935 Rupee image18,09,730
July Rupee image8,831 Rupee image10,104 Rupee image18,935 Rupee image18,00,899
Aug Rupee image8,880 Rupee image10,055 Rupee image18,935 Rupee image17,92,019
Sep Rupee image8,929 Rupee image10,005 Rupee image18,934 Rupee image17,83,090
Oct Rupee image8,979 Rupee image9,956 Rupee image18,935 Rupee image17,74,111
Nov Rupee image9,029 Rupee image9,905 Rupee image18,934 Rupee image17,65,081
Dec Rupee image9,080 Rupee image9,855 Rupee image18,935 Rupee image17,56,001
11 Rupee image1,12,993 Rupee image1,14,224 Rupee image2,27,217 Rupee image16,43,007
Jan Rupee image9,131 Rupee image9,804 Rupee image18,935 Rupee image17,46,871
Feb Rupee image9,181 Rupee image9,753 Rupee image18,934 Rupee image17,37,689
Mar Rupee image9,233 Rupee image9,702 Rupee image18,935 Rupee image17,28,457
Apr Rupee image9,284 Rupee image9,651 Rupee image18,935 Rupee image17,19,172
May Rupee image9,336 Rupee image9,599 Rupee image18,935 Rupee image17,09,836
Jun Rupee image9,388 Rupee image9,547 Rupee image18,935 Rupee image17,00,448
July Rupee image9,441 Rupee image9,494 Rupee image18,935 Rupee image16,91,007
Aug Rupee image9,493 Rupee image9,441 Rupee image18,934 Rupee image16,81,514
Sep Rupee image9,546 Rupee image9,388 Rupee image18,934 Rupee image16,71,967
Oct Rupee image9,600 Rupee image9,335 Rupee image18,935 Rupee image16,62,368
Nov Rupee image9,653 Rupee image9,282 Rupee image18,935 Rupee image16,52,714
Dec Rupee image9,707 Rupee image9,228 Rupee image18,935 Rupee image16,43,007
12 Rupee image1,20,801 Rupee image1,06,417 Rupee image2,27,218 Rupee image15,22,206
Jan Rupee image9,761 Rupee image9,173 Rupee image18,934 Rupee image16,33,246
Feb Rupee image9,816 Rupee image9,119 Rupee image18,935 Rupee image16,23,430
Mar Rupee image9,871 Rupee image9,064 Rupee image18,935 Rupee image16,13,559
Apr Rupee image9,926 Rupee image9,009 Rupee image18,935 Rupee image16,03,633
May Rupee image9,981 Rupee image8,954 Rupee image18,935 Rupee image15,93,652
Jun Rupee image10,037 Rupee image8,898 Rupee image18,935 Rupee image15,83,615
July Rupee image10,093 Rupee image8,842 Rupee image18,935 Rupee image15,73,522
Aug Rupee image10,149 Rupee image8,785 Rupee image18,934 Rupee image15,63,373
Sep Rupee image10,206 Rupee image8,729 Rupee image18,935 Rupee image15,53,167
Oct Rupee image10,263 Rupee image8,672 Rupee image18,935 Rupee image15,42,904
Nov Rupee image10,320 Rupee image8,615 Rupee image18,935 Rupee image15,32,583
Dec Rupee image10,378 Rupee image8,557 Rupee image18,935 Rupee image15,22,206
13 Rupee image1,29,148 Rupee image98,069 Rupee image2,27,217 Rupee image13,93,057
Jan Rupee image10,436 Rupee image8,499 Rupee image18,935 Rupee image15,11,770
Feb Rupee image10,494 Rupee image8,441 Rupee image18,935 Rupee image15,01,276
Mar Rupee image10,553 Rupee image8,382 Rupee image18,935 Rupee image14,90,723
Apr Rupee image10,612 Rupee image8,323 Rupee image18,935 Rupee image14,80,111
May Rupee image10,671 Rupee image8,264 Rupee image18,935 Rupee image14,69,440
Jun Rupee image10,730 Rupee image8,204 Rupee image18,934 Rupee image14,58,710
July Rupee image10,790 Rupee image8,144 Rupee image18,934 Rupee image14,47,919
Aug Rupee image10,851 Rupee image8,084 Rupee image18,935 Rupee image14,37,069
Sep Rupee image10,911 Rupee image8,024 Rupee image18,935 Rupee image14,26,158
Oct Rupee image10,972 Rupee image7,963 Rupee image18,935 Rupee image14,15,185
Nov Rupee image11,033 Rupee image7,901 Rupee image18,934 Rupee image14,04,152
Dec Rupee image11,095 Rupee image7,840 Rupee image18,935 Rupee image13,93,057
14 Rupee image1,38,072 Rupee image89,147 Rupee image2,27,219 Rupee image12,54,985
Jan Rupee image11,157 Rupee image7,778 Rupee image18,935 Rupee image13,81,900
Feb Rupee image11,219 Rupee image7,716 Rupee image18,935 Rupee image13,70,681
Mar Rupee image11,282 Rupee image7,653 Rupee image18,935 Rupee image13,59,399
Apr Rupee image11,345 Rupee image7,590 Rupee image18,935 Rupee image13,48,054
May Rupee image11,408 Rupee image7,527 Rupee image18,935 Rupee image13,36,646
Jun Rupee image11,472 Rupee image7,463 Rupee image18,935 Rupee image13,25,174
July Rupee image11,536 Rupee image7,399 Rupee image18,935 Rupee image13,13,638
Aug Rupee image11,600 Rupee image7,334 Rupee image18,934 Rupee image13,02,037
Sep Rupee image11,665 Rupee image7,270 Rupee image18,935 Rupee image12,90,372
Oct Rupee image11,730 Rupee image7,205 Rupee image18,935 Rupee image12,78,642
Nov Rupee image11,796 Rupee image7,139 Rupee image18,935 Rupee image12,66,846
Dec Rupee image11,862 Rupee image7,073 Rupee image18,935 Rupee image12,54,985
15 Rupee image1,47,612 Rupee image79,605 Rupee image2,27,217 Rupee image11,07,372
Jan Rupee image11,928 Rupee image7,007 Rupee image18,935 Rupee image12,43,057
Feb Rupee image11,994 Rupee image6,940 Rupee image18,934 Rupee image12,31,062
Mar Rupee image12,061 Rupee image6,873 Rupee image18,934 Rupee image12,19,001
Apr Rupee image12,129 Rupee image6,806 Rupee image18,935 Rupee image12,06,872
May Rupee image12,196 Rupee image6,738 Rupee image18,934 Rupee image11,94,676
Jun Rupee image12,265 Rupee image6,670 Rupee image18,935 Rupee image11,82,411
July Rupee image12,333 Rupee image6,602 Rupee image18,935 Rupee image11,70,078
Aug Rupee image12,402 Rupee image6,533 Rupee image18,935 Rupee image11,57,676
Sep Rupee image12,471 Rupee image6,464 Rupee image18,935 Rupee image11,45,205
Oct Rupee image12,541 Rupee image6,394 Rupee image18,935 Rupee image11,32,664
Nov Rupee image12,611 Rupee image6,324 Rupee image18,935 Rupee image11,20,053
Dec Rupee image12,681 Rupee image6,254 Rupee image18,935 Rupee image11,07,372
16 Rupee image1,57,811 Rupee image69,408 Rupee image2,27,219 Rupee image9,49,560
Jan Rupee image12,752 Rupee image6,183 Rupee image18,935 Rupee image10,94,620
Feb Rupee image12,823 Rupee image6,112 Rupee image18,935 Rupee image10,81,797
Mar Rupee image12,895 Rupee image6,040 Rupee image18,935 Rupee image10,68,902
Apr Rupee image12,967 Rupee image5,968 Rupee image18,935 Rupee image10,55,935
May Rupee image13,039 Rupee image5,896 Rupee image18,935 Rupee image10,42,896
Jun Rupee image13,112 Rupee image5,823 Rupee image18,935 Rupee image10,29,784
July Rupee image13,185 Rupee image5,750 Rupee image18,935 Rupee image10,16,599
Aug Rupee image13,259 Rupee image5,676 Rupee image18,935 Rupee image10,03,340
Sep Rupee image13,333 Rupee image5,602 Rupee image18,935 Rupee image9,90,007
Oct Rupee image13,407 Rupee image5,528 Rupee image18,935 Rupee image9,76,600
Nov Rupee image13,482 Rupee image5,453 Rupee image18,935 Rupee image9,63,118
Dec Rupee image13,557 Rupee image5,377 Rupee image18,934 Rupee image9,49,560
17 Rupee image1,68,716 Rupee image58,504 Rupee image2,27,220 Rupee image7,80,844
Jan Rupee image13,633 Rupee image5,302 Rupee image18,935 Rupee image9,35,927
Feb Rupee image13,709 Rupee image5,226 Rupee image18,935 Rupee image9,22,218
Mar Rupee image13,786 Rupee image5,149 Rupee image18,935 Rupee image9,08,432
Apr Rupee image13,863 Rupee image5,072 Rupee image18,935 Rupee image8,94,569
May Rupee image13,940 Rupee image4,995 Rupee image18,935 Rupee image8,80,629
Jun Rupee image14,018 Rupee image4,917 Rupee image18,935 Rupee image8,66,611
July Rupee image14,096 Rupee image4,839 Rupee image18,935 Rupee image8,52,515
Aug Rupee image14,175 Rupee image4,760 Rupee image18,935 Rupee image8,38,340
Sep Rupee image14,254 Rupee image4,681 Rupee image18,935 Rupee image8,24,086
Oct Rupee image14,334 Rupee image4,601 Rupee image18,935 Rupee image8,09,752
Nov Rupee image14,414 Rupee image4,521 Rupee image18,935 Rupee image7,95,338
Dec Rupee image14,494 Rupee image4,441 Rupee image18,935 Rupee image7,80,844
18 Rupee image1,80,374 Rupee image46,844 Rupee image2,27,218 Rupee image6,00,470
Jan Rupee image14,575 Rupee image4,360 Rupee image18,935 Rupee image7,66,269
Feb Rupee image14,657 Rupee image4,278 Rupee image18,935 Rupee image7,51,612
Mar Rupee image14,738 Rupee image4,197 Rupee image18,935 Rupee image7,36,874
Apr Rupee image14,821 Rupee image4,114 Rupee image18,935 Rupee image7,22,053
May Rupee image14,903 Rupee image4,031 Rupee image18,934 Rupee image7,07,150
Jun Rupee image14,987 Rupee image3,948 Rupee image18,935 Rupee image6,92,163
July Rupee image15,070 Rupee image3,865 Rupee image18,935 Rupee image6,77,093
Aug Rupee image15,154 Rupee image3,780 Rupee image18,934 Rupee image6,61,938
Sep Rupee image15,239 Rupee image3,696 Rupee image18,935 Rupee image6,46,699
Oct Rupee image15,324 Rupee image3,611 Rupee image18,935 Rupee image6,31,375
Nov Rupee image15,410 Rupee image3,525 Rupee image18,935 Rupee image6,15,966
Dec Rupee image15,496 Rupee image3,439 Rupee image18,935 Rupee image6,00,470
19 Rupee image1,92,837 Rupee image34,381 Rupee image2,27,218 Rupee image4,07,633
Jan Rupee image15,582 Rupee image3,353 Rupee image18,935 Rupee image5,84,888
Feb Rupee image15,669 Rupee image3,266 Rupee image18,935 Rupee image5,69,218
Mar Rupee image15,757 Rupee image3,178 Rupee image18,935 Rupee image5,53,462
Apr Rupee image15,845 Rupee image3,090 Rupee image18,935 Rupee image5,37,617
May Rupee image15,933 Rupee image3,002 Rupee image18,935 Rupee image5,21,684
Jun Rupee image16,022 Rupee image2,913 Rupee image18,935 Rupee image5,05,662
July Rupee image16,112 Rupee image2,823 Rupee image18,935 Rupee image4,89,550
Aug Rupee image16,202 Rupee image2,733 Rupee image18,935 Rupee image4,73,349
Sep Rupee image16,292 Rupee image2,643 Rupee image18,935 Rupee image4,57,057
Oct Rupee image16,383 Rupee image2,552 Rupee image18,935 Rupee image4,40,674
Nov Rupee image16,474 Rupee image2,460 Rupee image18,934 Rupee image4,24,199
Dec Rupee image16,566 Rupee image2,368 Rupee image18,934 Rupee image4,07,633
20 Rupee image2,06,162 Rupee image21,057 Rupee image2,27,219 Rupee image2,01,471
Jan Rupee image16,659 Rupee image2,276 Rupee image18,935 Rupee image3,90,974
Feb Rupee image16,752 Rupee image2,183 Rupee image18,935 Rupee image3,74,222
Mar Rupee image16,845 Rupee image2,089 Rupee image18,934 Rupee image3,57,377
Apr Rupee image16,940 Rupee image1,995 Rupee image18,935 Rupee image3,40,437
May Rupee image17,034 Rupee image1,901 Rupee image18,935 Rupee image3,23,403
Jun Rupee image17,129 Rupee image1,806 Rupee image18,935 Rupee image3,06,274
July Rupee image17,225 Rupee image1,710 Rupee image18,935 Rupee image2,89,049
Aug Rupee image17,321 Rupee image1,614 Rupee image18,935 Rupee image2,71,728
Sep Rupee image17,418 Rupee image1,517 Rupee image18,935 Rupee image2,54,310
Oct Rupee image17,515 Rupee image1,420 Rupee image18,935 Rupee image2,36,795
Nov Rupee image17,613 Rupee image1,322 Rupee image18,935 Rupee image2,19,183
Dec Rupee image17,711 Rupee image1,224 Rupee image18,935 Rupee image2,01,471
21 Rupee image2,01,471 Rupee image6,812 Rupee image2,08,283 Rupee image0
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How to use BankBazaar.com's EMI calculator to understand your loan repayment

The EMI Calculator (as displayed above) is a simple online tool that helps, as is obvious from the name, calculate your education loan’s Equated Monthly Installments (EMI). While the conventional means of completing this task may be deemed as tedious, time consuming and subjective, the same is accomplished quickly, accurately and with minimal inputs when this very friendly online tool is used.

Why use this EMI Calculator?

  • Extremely Fast- Calculate the education loan EMIs for your specific tenure and interest rate in mere seconds.
  • Simple- Calculation is based on the provision of four obvious and easily retrievable quantities. That’s it!!
  • Test Various Combinations- Supply different tenures, interest rates and see if you can find a combination that works the best for you.
  • 100% Free- This user friendly education loan calculator is completely free to use, now and forever.

Helping you Do More- EMI Calculator from BankBazaar:

Like they say, when in doubt, ask the expert. BankBazaar is a proven resource for all banking and finance related concerns and has been a steady influencer as a premier online banking products comparison website. When it comes to helping you find the perfect education loan in India, BankBazaar doesn’t want to leave any stones unturned. Thus, the education loan interest calculator is designed as a personal assistant, helping you simplify the tedious work associated with EMI calculations when it comes to education loans in India. Importantly, BankBazaar doesn’t treat educational loans as a ‘seasonal’ product, thereby ensuring that all the information and help you find on the website is constantly updated and ready for consumption.

Quoting an oft repeated expression, using the education loan interest calculator from BankBazaar is akin to child’s play. The interface is immensely simple and the tool is tuned to be user friendly, time saving and highly scalable. This comprehensive educational loan interest calculator will require the following inputs-

  1. Loan Amount- Update the loan amount applicable to you by marking it on the highly responsive slider.
  2. Tenure- Similar to the step above, mark the tenure applicable to your loan on the succeeding slider.
  3. Interest Rate in %- In this field, update the interest rate applicable to your educational loan.
  4. Processing Fee (% of Loan Amount) - Similar to the step above, update the processing fee applicable to your loan amount. If you aren’t certain about this fee, kindly consult the associated loan documents or enquire with your bank directly.
  5. Would you like to Make Pre-Payments? - A ‘Yes’ or ‘No’ question, mark the appropriate choice depending upon your decision (and availability of such an option from your bank’s end) to make pre-payments on your education loan. The education loan EMI calculator will take your choice into consideration, appropriately.
  6. Calculate- A final click on this button completes the process.

After the above mentioned inputs and the final push of the ‘Calculate’ button, the EMIs applicable to your educational loan in India, alongside other details such as information on amortization, are spread before you. The process took mere seconds from start to finish and highlights the reliable efficiency of the education loan calculator from BankBazaar.

A salient feature of the education loan repayment calculator is that it is highly customizable to your specific needs and requirements. Hence, you can furnish varying values in the requested fields (Amount, Tenure, Interest Rate and Processing Fee) to find custom results that help you understand the perfect configuration that works for you. Furthermore, it isn’t necessary to be a BankBazaar customer or someone with a done deal for an education loan to access this tool. The educational loan calculator from BankBazaar is free to use, remember?

This is a very handy option and will greatly reduce the repayment load off your able shoulders. If you come into some unexpected (or planned, both options work) cash, the same can be used as additional repayment in favor of your educational loan that directly eats into the principal repayment amount. If so, the updated EMIs can be calculated by simply appending the overall amount that you wish to prepay. The final calculation will now list the interest saved thanks to the reduction in the outstanding principal amount.

In simple terms, amortization relates to the systematic paying off of any debt that includes a pre-defined payment schedule inclusive of regular EMI payments over a pre-defined duration, that is also known as the loan tenure. When using the BankBazaar based EMI calculator for education loans, the detailed amortization schedule is displayed as part of the final EMI calculation. This detail is presented in a table format, is information driven, is customizable and allows you to clearly understand everything that you need to know about the applicable interest rate, principal amount that needs to be repaid, loan tenure, outstanding loan amount, etc. These details are especially important to individuals who wish to pre-close their loan accounts.

BankBazaar is committed to simplifying complex banking products for the ready consumption of the regular folk. In this light, people looking out for the finer details about education loans in India will find answers to all their requirements here. In an effort to enhance this smooth user experience, BankBazaar has appended value added additions, inclusive of the education loan repayment calculator, on the website, to provide its users a complete 360* experience when it comes to this crucial resource. Backed up by robust customer support and an innovation themed mind set, BankBazaar is determined to treat education loan as more than just a ‘seasonal’ product that attracts the highest attention through the crucial college admission season. Thus, the website features regularly updated information that caters to the inquisitive reader and researcher. The education loan calculator for India is another beneficial spoke in this comprehensive offering, and an extension of BankBazaar’s commitment to offer its visitors, the very best.

  1. In case I wish to avail an education loan, who can be the co-applicant?

    The below-mentioned individuals can be the co-applicant:

    • Grandparents
    • Spouse
    • Brother
    • Parents-in-law
    • Sister
    • Parents
  2. Is it possible to increase the tenure of the education loan?

    The education loan can be increased only if there has been an extension of the course.

  3. In case I avail an education loan from ICICI Bank, can the loan be pre-closed?

    Yes, ICICI Bank provides the option to pre-close the education loan.

  4. What are the eligibility criteria that must be met to avail an education loan from Axis Bank?

    The eligibility criteria that must be met in order to avail an education loan from Axis Bank are mentioned below:

    • You must be an Indian citizen.
    • You must be more than 18 years old.
    • You must have secured a minimum of 50% in graduation and HSC.
    • You must have secured admission to a reputed university.
    • The co-applicant must have a regular source of income.
  5. If not using this education loan calculator, how do I calculate my applicable EMIs?

    Fair warning, some boring Maths coming up. The equation is EMI = [P x R x (1+R) ^n] / [(1+R)^ n-1]. Herein, P= Principal loan amount, R= Applicable rate of interest, n= Number of monthly installments. As is obvious, manual EMI calculation is somewhat complicated, time consuming and very monotonous. Enter BankBazaar’s friendly education loan EMI calculator and the entire process is cut short to mere seconds.

  6. I’am not sure about the processing fee applicable to my education loan. What must I do?

    No problem. You can confirm upon this detail by checking out the documents accompanying your loan application, or consult the bank directly. The educational loan calculator featured on BankBazaar requires the input of the processing fee to correctly calculate the applicable EMIs.

  7. Wait a minute, will I be bombarded with advertisements or popups to apply for some education loan product after I’am done calculating my EMIs with this tool?

    No. BankBazaar is offering this education loan interest calculator as a courtesy to its users and not as a proxy vehicle to offload any financial product. Usage of this free tool is minus any strings attached- now and forever.

  8. Can I use this tool to calculate EMIs for an education loan offered by a non-Indian financial entity?

    Not a problem. This tool isn’t hardwired to any specific financial formulas or pre-determined inputs. All the calculations are based on inputs offered by you, at the specific time of usage. However, the limiting factors for this educational loan interest calculator will be the maximum loan amount and tenure that is maxed out at Rs. 1 Crore and 30 years respectively.

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