Adjust the loan amount, interest rate and tenure. Results update in real time as you change the values.
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What is the typical repayment tenure for an education loan?
Education loans often have tenures of up to 10 to 15 years, including a moratorium period during the course. Repayment usually starts after the course plus a grace period.
What is a moratorium period in an education loan?
A moratorium is the period during the course when EMI payment is not required. Interest may still accrue during this time depending on the lender's terms.
What interest rate should I expect on an education loan?
Indicative education loan rates range from about 8.5% to 13.5% p.a., depending on the lender, course and whether the loan is secured or unsecured. Rates vary and should be confirmed with the lender.
Is collateral required for an education loan?
For smaller loans, collateral is usually not required. Larger loans often need collateral or a guarantor, depending on the lender.
Does the calculator include the moratorium period?
The calculator assumes EMI starts immediately from disbursement. If a moratorium applies, the effective monthly payment and total interest may be higher, so treat the result as an estimate.
Interest rates shown are indicative and change frequently. This calculator is for estimation only - verify current rates and terms with your lender before applying. This is not financial advice.
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