Education loan EMI calculator
Plan repayments on a student loan, moratorium and all.
Quick answer
An education loan EMI calculator estimates monthly repayments on student loans in India. Education loans carry lower rates than personal loans, and interest is tax-deductible under Section 80E for up to 8 years.
Monthly EMI
On a ₹20L loan at 10% over 120 months.
- Total interest
- ₹11,71,618
- Total you repay
- ₹31,71,618
- Interest is
- 59% of the loan
Rates & rules checked on 15 June 2026 · based on FY 2025-26 (AY 2026-27).
What this tells you
Education loans are cheaper than personal loans, come with a moratorium while you study, and the interest is tax-deductible under Section 80E with no upper limit.
How it's calculated
We compute the EMI on the standard reducing-balance formula. In reality, repayment usually starts after a moratorium (course duration + 6–12 months).
Common questions
- What is Section 80E?
- It lets you deduct the entire interest paid on an education loan from taxable income for up to 8 years — a real, uncapped benefit that lowers the effective cost.
Jargon, explained
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Sources
For general education, not personalised financial advice. Verify current rates and rules before acting — tax laws and interest rates change.