Thinking about studying in India or abroad? An education loan can help you chase your dreams—but it’s the EMI that brings reality into focus.
That’s where the Education Loan EMI Calculator comes in. It’s a simple tool that helps you calculate your monthly payments before you even apply for a loan.
What Is an Education Loan EMI Calculator?
An Student Loan EMI Calculator is an easy-to-use online tool that tells you exactly how much you’ll need to pay every month when repaying your student loan.
You just need to enter:
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The total loan amount
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The interest rate
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The repayment period (months or years)
And in seconds, you’ll get:
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Your monthly EMI
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Total interest to be paid
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Total repayment amount
Why Should You Use It?
✅ Smart Planning – Know how much you’ll pay every month, and avoid surprises
✅ Compare Loans – Try different interest rates and tenures from various banks
✅ Budget Better – Adjust your loan amount or tenure to fit your future income
✅ Stress-Free – No need for complex formulas or manual calculations
How Does It Work?
The calculator uses a standard EMI formula: EMI = [P × R × (1+R)^N] / [(1+R)^N – 1]
Where:
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P = Loan amount
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R = Interest rate per month
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N = Loan tenure in months
You don’t need to remember the formula—just use the calculator and get instant results.
Start planning your future today with the Education Loan EMI Calculator!
It’s quick, free, and super easy to use.