Home Loan EMI Calculator
Calculate home loan EMI, interest burden, total repayment, and early repayment pattern.
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Education Loan EMI Calculator
Plan study-loan EMI after moratorium with capitalised interest, Section 80E estimate, tenure comparison, and a full yearly repayment schedule.
Step 1
Study loanLoan and moratorium inputs
Moratorium treatmentCapitalising increases the loan balance used for EMI.
Tax slab for 80E estimate80E applies only where conditions are met and old regime is useful.
Step 2
9.5% p.a.Your EMI estimate
EMI after moratorium₹15,398Starts after the course or grace period ends.
Moratorium interest₹1,90,000Added to principal if unpaid.
Total outflow₹18,47,797Includes study-period interest if paid separately.
Possible 80E saving₹1,29,710Approx. on first 8 repayment years of interest.
Interest forms about 45.9% of the estimated cash outflow. Paying moratorium interest early usually gives the cleanest repayment path.
Step 3
24 monthsMoratorium impact
If moratorium interest is not serviced, the EMI is calculated on ₹11,90,000 instead of the original loan amount.
Step 4
CA planning notes
Repayment comfort₹15,398Keep projected EMI below the expected first-job surplus after rent, food, insurance, and family support.
80E window8 yearsDeduction is for interest, not principal, and depends on actual loan certificates.
Scenario table
₹7,917/monthCapitalise vs pay moratorium interest
| Treatment | Principal for EMI | Study-period payment | EMI | Total interest |
|---|---|---|---|---|
| Capitalise moratorium interest | ₹11,90,000 | Nil | ₹15,398 | ₹8,47,797 |
| Pay simple interest during study | ₹10,00,000 | ₹7,917/month | ₹12,940 | ₹7,42,771 |
Yearly breakup
120 monthsRepayment schedule for full tenure
| Year | Opening balance | EMI paid | Interest | Principal | Closing balance |
|---|---|---|---|---|---|
| Year 1 | ₹11,90,000 | ₹1,84,780 | ₹1,09,843 | ₹74,937 | ₹11,15,063 |
| Year 2 | ₹11,15,063 | ₹1,84,780 | ₹1,02,406 | ₹82,374 | ₹10,32,689 |
| Year 3 | ₹10,32,689 | ₹1,84,780 | ₹94,230 | ₹90,550 | ₹9,42,139 |
| Year 4 | ₹9,42,139 | ₹1,84,780 | ₹85,243 | ₹99,536 | ₹8,42,603 |
| Year 5 | ₹8,42,603 | ₹1,84,780 | ₹75,365 | ₹1,09,415 | ₹7,33,188 |
| Year 6 | ₹7,33,188 | ₹1,84,780 | ₹64,505 | ₹1,20,274 | ₹6,12,913 |
| Year 7 | ₹6,12,913 | ₹1,84,780 | ₹52,568 | ₹1,32,211 | ₹4,80,702 |
| Year 8 | ₹4,80,702 | ₹1,84,780 | ₹39,447 | ₹1,45,333 | ₹3,35,369 |
| Year 9 | ₹3,35,369 | ₹1,84,780 | ₹25,023 | ₹1,59,757 | ₹1,75,612 |
| Year 10 | ₹1,75,612 | ₹1,84,780 | ₹9,167 | ₹1,75,612 | ₹0 |
Tenure comparison
₹11,90,000 EMI baseEMI and interest by repayment period
| Tenure | Monthly EMI | Total interest | Total outflow |
|---|---|---|---|
| 5 years | ₹24,992 | ₹4,99,533 | ₹14,99,533 |
| 7 years | ₹19,449 | ₹6,33,744 | ₹16,33,744 |
| 10 years | ₹15,398 | ₹8,47,797 | ₹18,47,797 |
| 12 years | ₹13,880 | ₹9,98,697 | ₹19,98,697 |
| 15 years | ₹12,426 | ₹12,36,729 | ₹22,36,729 |
Lower EMI is not automatically cheaper. Use this table to balance first-job cash flow with total interest cost.
How the education loan EMI is worked out
Loan amountTotal education loan disbursed.
₹10,00,000Moratorium interest24 months at 9.5% p.a.
₹1,90,000Principal for EMIUnpaid moratorium interest is capitalised.
₹11,90,000EMI after moratorium10 year repayment tenure.
₹15,398Estimated total outflow
₹18,47,797This is an estimate. Actual EMI, moratorium treatment, insurance, processing fee, subsidy, and 80E deduction depend on lender sanction terms and tax records.
Education loan EMI planning for India
An education loan normally has two phases: moratorium and repayment. During moratorium, EMI may not be due, but simple interest generally accrues. If that interest is not paid, the bank may add it to the principal before EMI starts.
The most common question borrowers search for is education loan EMI after moratorium. The practical answer is to compare both choices: capitalise the interest for short-term relief or pay the study-period interest to keep future EMI lower.
Section 80E can improve post-tax affordability for eligible borrowers under the old tax regime because the interest component is deductible for up to 8 years. Still, the bank's interest certificate and current tax regime choice should drive the final claim.
Quick questions
How is education loan EMI calculated after moratorium?
Banks usually add unpaid simple interest from the course or moratorium period to the loan principal. EMI is then calculated on this higher principal for the selected repayment tenure.
Should I pay interest during the study period?
If cash flow permits, paying simple interest during the course keeps the principal lower and can reduce every future EMI. Capitalising interest gives short-term relief but raises total repayment.
Is education loan interest eligible for Section 80E?
Interest paid on a qualifying education loan is deductible under Section 80E for up to 8 assessment years under the old tax regime. There is no fixed rupee cap, but the deduction depends on actual bank interest certificates and tax law conditions.
What tenure is common for education loans in India?
Many lenders allow 7 to 15 years after moratorium. A longer tenure reduces EMI but increases interest cost, so compare both cash flow and total repayment.
Does this calculator include subsidy schemes?
No. It estimates standard EMI, moratorium interest, and repayment. Government interest subsidy, collateral rules, and lender concessions must be checked separately with the bank.