Education Loan Emi Calculator

Loan Amount

Annual Interest Rate (%)

Loan Tenure (Years)

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Monthly EMI Amount: 12,133

Total Principal Paid: 1,000,000

Total Interest Paid: 455,931

Total Amount Paid: 1,455,931

Extra Amount Paid: 455,931 (45.59%)

No	Period	EMI	Principal	Interest	Outstanding	Paid%
1	DEC-2024	12,133	5,466	6,667	994,534	0.55%
2	JAN-2025	12,133	5,503	6,630	989,031	1.10%
3	FEB-2025	12,133	5,539	6,594	983,492	1.65%
4	MAR-2025	12,133	5,576	6,557	977,916	2.21%
5	APR-2025	12,133	5,613	6,519	972,303	2.77%
6	MAY-2025	12,133	5,651	6,482	966,652	3.33%
7	JUN-2025	12,133	5,688	6,444	960,964	3.90%
8	JUL-2025	12,133	5,726	6,406	955,237	4.48%
9	AUG-2025	12,133	5,765	6,368	949,473	5.05%
10	SEP-2025	12,133	5,803	6,330	943,670	5.63%
11	OCT-2025	12,133	5,842	6,291	937,828	6.22%
12	NOV-2025	12,133	5,881	6,252	931,948	6.81%
13	DEC-2025	12,133	5,920	6,213	926,028	7.40%
14	JAN-2026	12,133	5,959	6,174	920,069	7.99%
15	FEB-2026	12,133	5,999	6,134	914,070	8.59%
16	MAR-2026	12,133	6,039	6,094	908,031	9.20%
17	APR-2026	12,133	6,079	6,054	901,951	9.80%
18	MAY-2026	12,133	6,120	6,013	895,832	10.42%
19	JUN-2026	12,133	6,161	5,972	889,671	11.03%
20	JUL-2026	12,133	6,202	5,931	883,469	11.65%
21	AUG-2026	12,133	6,243	5,890	877,226	12.28%
22	SEP-2026	12,133	6,285	5,848	870,942	12.91%
23	OCT-2026	12,133	6,326	5,806	864,615	13.54%
24	NOV-2026	12,133	6,369	5,764	858,247	14.18%
25	DEC-2026	12,133	6,411	5,722	851,836	14.82%
26	JAN-2027	12,133	6,454	5,679	845,382	15.46%
27	FEB-2027	12,133	6,497	5,636	838,885	16.11%
28	MAR-2027	12,133	6,540	5,593	832,345	16.77%
29	APR-2027	12,133	6,584	5,549	825,761	17.42%
30	MAY-2027	12,133	6,628	5,505	819,133	18.09%
31	JUN-2027	12,133	6,672	5,461	812,461	18.75%
32	JUL-2027	12,133	6,716	5,416	805,745	19.43%
33	AUG-2027	12,133	6,761	5,372	798,984	20.10%
34	SEP-2027	12,133	6,806	5,327	792,178	20.78%
35	OCT-2027	12,133	6,852	5,281	785,326	21.47%
36	NOV-2027	12,133	6,897	5,236	778,429	22.16%
37	DEC-2027	12,133	6,943	5,190	771,486	22.85%
38	JAN-2028	12,133	6,990	5,143	764,496	23.55%
39	FEB-2028	12,133	7,036	5,097	757,460	24.25%
40	MAR-2028	12,133	7,083	5,050	750,377	24.96%
41	APR-2028	12,133	7,130	5,003	743,247	25.68%
42	MAY-2028	12,133	7,178	4,955	736,069	26.39%
43	JUN-2028	12,133	7,226	4,907	728,843	27.12%
44	JUL-2028	12,133	7,274	4,859	721,570	27.84%
45	AUG-2028	12,133	7,322	4,810	714,247	28.58%
46	SEP-2028	12,133	7,371	4,762	706,876	29.31%
47	OCT-2028	12,133	7,420	4,713	699,456	30.05%
48	NOV-2028	12,133	7,470	4,663	691,986	30.80%
49	DEC-2028	12,133	7,520	4,613	684,467	31.55%
50	JAN-2029	12,133	7,570	4,563	676,897	32.31%
51	FEB-2029	12,133	7,620	4,513	669,277	33.07%
52	MAR-2029	12,133	7,671	4,462	661,606	33.84%
53	APR-2029	12,133	7,722	4,411	653,884	34.61%
54	MAY-2029	12,133	7,774	4,359	646,110	35.39%
55	JUN-2029	12,133	7,825	4,307	638,285	36.17%
56	JUL-2029	12,133	7,878	4,255	630,407	36.96%
57	AUG-2029	12,133	7,930	4,203	622,477	37.75%
58	SEP-2029	12,133	7,983	4,150	614,495	38.55%
59	OCT-2029	12,133	8,036	4,097	606,458	39.35%
60	NOV-2029	12,133	8,090	4,043	598,369	40.16%
61	DEC-2029	12,133	8,144	3,989	590,225	40.98%
62	JAN-2030	12,133	8,198	3,935	582,027	41.80%
63	FEB-2030	12,133	8,253	3,880	573,775	42.62%
64	MAR-2030	12,133	8,308	3,825	565,467	43.45%
65	APR-2030	12,133	8,363	3,770	557,104	44.29%
66	MAY-2030	12,133	8,419	3,714	548,685	45.13%
67	JUN-2030	12,133	8,475	3,658	540,210	45.98%
68	JUL-2030	12,133	8,531	3,601	531,679	46.83%
69	AUG-2030	12,133	8,588	3,545	523,091	47.69%
70	SEP-2030	12,133	8,645	3,487	514,445	48.56%
71	OCT-2030	12,133	8,703	3,430	505,742	49.43%
72	NOV-2030	12,133	8,761	3,372	496,981	50.30%
73	DEC-2030	12,133	8,820	3,313	488,161	51.18%
74	JAN-2031	12,133	8,878	3,254	479,283	52.07%
75	FEB-2031	12,133	8,938	3,195	470,346	52.97%
76	MAR-2031	12,133	8,997	3,136	461,348	53.87%
77	APR-2031	12,133	9,057	3,076	452,291	54.77%
78	MAY-2031	12,133	9,117	3,015	443,174	55.68%
79	JUN-2031	12,133	9,178	2,954	433,996	56.60%
80	JUL-2031	12,133	9,239	2,893	424,756	57.52%
81	AUG-2031	12,133	9,301	2,832	415,455	58.45%
82	SEP-2031	12,133	9,363	2,770	406,092	59.39%
83	OCT-2031	12,133	9,425	2,707	396,667	60.33%
84	NOV-2031	12,133	9,488	2,644	387,178	61.28%
85	DEC-2031	12,133	9,552	2,581	377,627	62.24%
86	JAN-2032	12,133	9,615	2,518	368,011	63.20%
87	FEB-2032	12,133	9,679	2,453	358,332	64.17%
88	MAR-2032	12,133	9,744	2,389	348,588	65.14%
89	APR-2032	12,133	9,809	2,324	338,779	66.12%
90	MAY-2032	12,133	9,874	2,259	328,905	67.11%
91	JUN-2032	12,133	9,940	2,193	318,965	68.10%
92	JUL-2032	12,133	10,006	2,126	308,959	69.10%
93	AUG-2032	12,133	10,073	2,060	298,886	70.11%
94	SEP-2032	12,133	10,140	1,993	288,746	71.13%
95	OCT-2032	12,133	10,208	1,925	278,538	72.15%
96	NOV-2032	12,133	10,276	1,857	268,262	73.17%
97	DEC-2032	12,133	10,344	1,788	257,918	74.21%
98	JAN-2033	12,133	10,413	1,719	247,504	75.25%
99	FEB-2033	12,133	10,483	1,650	237,022	76.30%
100	MAR-2033	12,133	10,553	1,580	226,469	77.35%
101	APR-2033	12,133	10,623	1,510	215,846	78.42%
102	MAY-2033	12,133	10,694	1,439	205,152	79.48%
103	JUN-2033	12,133	10,765	1,368	194,387	80.56%
104	JUL-2033	12,133	10,837	1,296	183,550	81.64%
105	AUG-2033	12,133	10,909	1,224	172,641	82.74%
106	SEP-2033	12,133	10,982	1,151	161,659	83.83%
107	OCT-2033	12,133	11,055	1,078	150,604	84.94%
108	NOV-2033	12,133	11,129	1,004	139,476	86.05%
109	DEC-2033	12,133	11,203	930	128,273	87.17%
110	JAN-2034	12,133	11,278	855	116,995	88.30%
111	FEB-2034	12,133	11,353	780	105,642	89.44%
112	MAR-2034	12,133	11,428	704	94,214	90.58%
113	APR-2034	12,133	11,505	628	82,709	91.73%
114	MAY-2034	12,133	11,581	551	71,128	92.89%
115	JUN-2034	12,133	11,659	474	59,469	94.05%
116	JUL-2034	12,133	11,736	396	47,733	95.23%
117	AUG-2034	12,133	11,815	318	35,918	96.41%
118	SEP-2034	12,133	11,893	239	24,025	97.60%
119	OCT-2034	12,133	11,973	160	12,052	98.79%
120	NOV-2034	12,133	12,052	80	0	100.00%
		1,455,931	1,000,000	455,931

Planning to fund your education? Use this calculator to estimate your education loan EMI and manage your financial planning.

What You Need to Know:

Types of Education Loans: Education loans can be used for various educational purposes, including tuition fees, books, and living expenses. They may be offered by banks or financial institutions.
Principal Amount: This is the total amount you plan to borrow for your education. Ensure it covers all your expenses.
Annual Interest Rate: Input the annual interest rate provided by your lender. This rate will determine the cost of borrowing.
Loan Tenure: Specify the number of years over which you will repay the loan. Longer tenures can lower your EMI but increase the total interest paid.
Repayment Period: Some loans have a moratorium period (time before you start repaying the loan). Ensure you factor this into your financial planning.
Additional Costs: Consider any processing fees, insurance, or other charges that may affect the total loan cost.

Pros and Cons of Education Loans:

Pros:
- Access to Higher Education: Enables you to pursue higher education by providing financial support.
- Flexible Repayment Options: Many education loans offer flexible repayment options and moratorium periods.
- Low-Interest Rates: Education loans often come with lower interest rates compared to other types of loans.
Cons:
- Debt Burden: Accumulating debt for education can be a financial burden after graduation.
- Limited Moratorium Period: The moratorium period may not be sufficient, and repayment starts soon after the completion of the course.
- Impact on Credit Score: Timely repayments are crucial to maintaining a good credit score.

How to Use the Education Loan EMI Calculator:

Principal Amount: Enter the total loan amount you need for your education. This should include all expenses you plan to cover.
Annual Interest Rate: Input the annual interest rate from your lender. Accurate input ensures precise EMI calculations.
Loan Tenure: Specify the duration of your loan repayment. Longer tenures may reduce the EMI amount but increase the overall interest paid.
Repayment Period: If applicable, include the moratorium period during which you are not required to make payments.
Additional Costs: Factor in any additional fees or charges related to the loan.

Review your EMI calculation to ensure it fits within your budget and financial plans. The calculator will help you understand your monthly obligations and the total cost of the loan.

Using the calculator helps you gauge how different loan parameters affect your EMI and overall repayment. This knowledge enables better financial planning and decision-making for your education.