What is Education Loan Calculator?
Education Loan Calculator helps you estimate education-loan EMIs after adding entered moratorium interest to principal.
The main result is estimated repayment EMI, with a breakdown of balance after moratorium and repayment total. The formula, example and assumptions below explain how to interpret it.
How to use Education Loan Calculator
Use the example to get familiar with the form, then enter your own figures. Any rates in the example are illustrative. Check the field labels and units before calculating.
- Gather loan amount (₹), annual interest (%), moratorium months with simple interest and repayment tenure in months. Use values from the same situation or reporting period.
- Replace the example loan amount with your own value, then complete the other fields. Check the displayed units.
- Select Calculate and read estimated repayment EMI with its result breakdown. Change one input and calculate again to compare a second scenario. Reset restores the original example.
- Enter loan amount in ₹, at least 0. Decimals are accepted.
- Enter annual interest in %, at least 0 and at most 100. Decimals are accepted.
- Enter moratorium months with simple interest, at least 0 and at most 120. Use a whole number.
- Enter repayment tenure in months, at least 1 and at most 600. Use a whole number.
Education Loan Calculator: a worked example
With the inputs below, the result is 15,858.09 ₹/month (estimated repayment EMI). Follow the example, then replace these illustrative values with your own.
| Input or output | Example value |
|---|---|
| Loan amount (₹) | ₹10,00,000 |
| Annual interest (%) | 10 % |
| Moratorium months with simple interest | 24 |
| Repayment tenure in months | 120 |
| Estimated repayment EMI | 15,858.09 ₹/month |
| Balance after moratorium | ₹12,00,000 |
| Repayment total | ₹19,02,970.61 |
Understanding the Education Loan result
Read estimated repayment EMI alongside balance after moratorium and repayment total. These describe different parts of the same calculation.
Displayed results use a readable number of decimal places. When checking a result by hand, keep extra precision until the last step. To compare scenarios, change one input at a time and keep the others fixed.
- Example Balance after moratorium: ₹12,00,000
- Example Repayment total: ₹19,02,970.61
Education Loan Calculator: assumptions and common mistakes
A useful estimate starts with the right inputs. Check the following assumptions and limits before applying the result to your situation.
- Grading factors, cutoffs and admission rules differ by institution and year. Compare the result with the applicable published policy.
For wider guidance, visit National Testing Agency. The formula and scope of this specific tool are stated on this page.
