Education Loan Calculator — India
Estimate your India education-loan EMI, accounting for the study-period moratorium. Free, no signup.
How education loans work in India
Education loans in India come from banks (SBI, HDFC Credila, Bank of Baroda) and the Vidya Lakshmi portal. During the study period (moratorium) you usually don't pay, but interest accrues; repayment starts after course completion plus a grace period (6–12 months). Section 80E gives tax deduction on interest.
Moratorium & repayment
- Moratorium (study period): usually no payments, but interest often accrues and is added to the principal.
- Grace period: a few months after course completion before repayment begins.
- Repayment: EMIs over the tenure on the grown balance. The calculator estimates your EMI for a given amount, rate and tenure.
Frequently Asked Questions
How is an education loan EMI calculated in India?
After the moratorium, EMIs use the reducing-balance formula on the balance (which has grown if interest accrued during study). Enter your loan, rate and tenure in the calculator.
What is a moratorium period?
The time during studies (plus a grace period) when you usually don't make payments. Interest often still accrues and is added to the principal.
What is the typical education loan rate in India?
As a 2026 reference, rates are around 10% and depend on the lender, scheme, and whether the loan is government-backed or private. Government/subsidized options are usually cheaper.
Should I pay interest during studies?
If you can, paying the interest during the moratorium prevents it from compounding onto your principal, lowering your total cost.