Education Loan EMI Calculator
Education-loan EMI for higher studies in India or abroad. PSU banks at 9–11% with moratorium during course + 6 months; full 80E interest deduction.
🇮🇳All amounts in ₹ INR · India tax law · FY 2025–26
Loan inputs
Monthly EMI
₹30,880
Total interest
₹9,64,483
Total payment
₹29,64,483
Education loan in India
- Moratorium: repayment starts 6–12 months after course completion. Interest accrues during this period.
- Tax — Section 80E: full interest deduction for 8 years from first EMI, no cap.
- CGFSEL: Government Credit Guarantee Fund covers loans up to ₹7.5L without collateral.
- Vidya Lakshmi portal: single application to multiple banks (vidyalakshmi.co.in).
Tip: start partial repayment during moratorium
If a parent can pay even just the simple-interest portion during the course, total cost reduces by 25–35% vs full deferral.
Whoever pays the EMI and is the borrower or co-borrower. Often the student post-graduation, sometimes the parent.