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Invest in your future. Calculate EMIs, accrued interest during moratorium, and plan your career with financial clarity.
Post-Moratorium EMI
Principal + All Interest
Moratorium + Repayment
Paying just the interest during your study period can save you ₹3,80,000 by preventing capitalization.
| Year | Status | Year-End Balance |
|---|---|---|
| Year 1 | Moratorium | ₹21,90,000 |
| Year 2 | Moratorium | ₹23,80,000 |
| Year 3 | Repayment | ₹22,30,126 |
| Year 4 | Repayment | ₹20,65,378 |
| Year 5 | Repayment | ₹18,84,279 |
| Year 6 | Repayment | ₹16,85,206 |
| Year 7 | Repayment | ₹14,66,376 |
| Year 8 | Repayment | ₹12,25,827 |
| Year 9 | Repayment | ₹9,61,404 |
| Year 10 | Repayment | ₹6,70,739 |
| Year 11 | Repayment | ₹3,51,225 |
| Year 12 | Repayment | ₹0 |
An education loan is a powerful tool to fund your higher studies in India or abroad. It covers tuition fees, living expenses, travel, and books. Understanding how interest accrues during your study period is key to avoiding a massive debt burden later.
You can deduct the entire interest paid on your education loan from your taxable income for up to 8 years.
Most education loans have zero prepayment penalties. Paying extra whenever possible can save you years of interest.