Education Loan EMI Calculator
The principal amount borrowed and the Interest charged by the lender make up the EMIs for education loans. This fixed monthly payment will pay off your loan in full over a set period, usually 5 to 15 years.
Most of your EMI goes toward Interest at the beginning of the repayment period, and a smaller amount goes toward paying down the principal. As you move forward, the balance changes. More of your payment goes toward the principal, which helps you build equity faster.
Do you want to know how much your monthly EMI will be for an education loan before you apply? You can get instant results by entering the loan amount, interest rate, and term into our free Education Loan EMI Calculator.
What is an Education loan EMI Calculator?
An Education Loan EMI Calculator is an easy-to-use online tool that helps people who want to borrow money figure out how much they will have to pay back each month on an education loan.
You can calculate your Equated Monthly Instalment (EMI) by entering the loan amount, interest rate, and repayment period.
This bifurcation shows exact EMI payment that goes to interest. It will also tell how much goes to paying off the loan over time. Use the calculator to know interest you'll pay over the life of the loan, total you've paid so far, and how much you still owe.
This helps you figure out how much money you can really spend on school and make a budget.
How can Stockify's Education Loan EMI Calculator help you?
Are you planning to take out an education loan, or are you already applying for one? You can see your monthly EMI ahead of time with our calculator, so you can confidently compare interest rates from the best banks and lenders.
This information makes it easier to plan your payments based on your income after you graduate and create a realistic monthly budget.
Stockify's Education Loan EMI Calculator makes things easier. It's easy to use, delivers results in seconds, lets you test as many scenarios as you want, and is free, so you can make better borrowing decisions.
How to Use Stockify's EMI Calculator for Education Loans
Stockify's tool is easy to use, free, and only requires three pieces of information to give you your own EMI.
Simply do these things:
Enter the total amount of your education loan, such as ₹10 lakhs for tuition and other costs. Set this slider to the amount of money you need.
Loan Tenure: Choose the period you would like to repay the loan in, in months or years (usually 5 to 15 years).
(Note: Longer tenures lower your monthly EMI but raise the total amount of Interest you pay. Shorter tenures raise EMIs but reduce the total amount of Interest you pay.)
Interest Rate: Enter the annual interest rate your bank or lender offers (for example, 8.5% to 12%). This indicates what the market is currently offering. Try different options to see which one is best.
Get your instant EMI breakdown as soon as you enter. Change any value to see how it affects your budget in different ways.
(Tip: A lot of student loans have a moratorium period, which means you don't have to pay back your loans while you're in school. Keep this in mind: our calculator shows post-moratorium EMIs to help with planning.)
How to Use Stockify to Figure Out Your Education Loan EMI
This is the standard math formula that Stockify uses to figure out your EMI correctly:
EMI = P × R × (1 + R)^n /(1 + R)n − 1
P: The main amount of the loan
R: The monthly interest rate is the annual rate divided by 12 and then by 100.
n: The length of the loan in months
Important Steps:
To change yearly Interest to monthly, divide by 12 and 100 (for example, 12% becomes 0.01).
Use the formula or our calculator to get results right away.
To get a full picture of the cost, use the formula Review total interest = (EMI × n) - P.
Real-World Example
Priya takes a ₹10 lakh education loan at an annual interest rate of 12% for 2 years (24 months). Here's the breakdown:
Parameter | Value | Calculation Notes |
Principal (P) | ₹10,00,000 | Loan amount borrowed |
Annual Rate | 12% | Offered by lender |
Monthly Rate (R) | 0.01 | 12% ÷ 12 ÷ 100 |
Tenure (n) | 24 months | 2 years |
EMI | ₹46,073 | Formula result (rounded) |
Total Payments | ₹11,05,752 | EMI × 24 |
Total Interest | ₹1,05,752 | Total payments - Principal |
Advantages of Using Stockify's Education Loan EMI Calculator
Our tool is quick, free, and available 24/7. Here is why you should use Stockify’s Education Loan EMI Calculator:
Instant EMI Results:
Enter your loan details to see your monthly payment right away without waiting.
Clear Repayment Visibility:
Know all of your monthly EMIs so you can plan your financial future after your education with confidence.
Smart Budgeting Help:
Include EMIs in your expenses so you have more money for savings or emergencies.
Detailed Amortisation Breakdown:
Keep track of the amount of your loan you just paid off and how much you remain responsible to pay back.
Scenario Testing Power:
Consider looking across various "what-if" scenarios, like lower rates or shorter terms, to see which one performs best.
FAQ
No, the two calculators are different. The EMI Calculator helps to identify monthly payments using interest rates, but on the other hand Education Loan Interest Rate Calculator estimates rates based on your profile (credit score, course, collateral).
Under the Education loans,you typically get covered for tuition fees. Other charges like hostel/mess charges, laptops, travel, books,and study abroad expenses. The coverage varies from one institute to another. For a premier institute bank offers 100% loan. Check Stockify for bank-specific eligibility.
Not at all! Our intuitive tool does the math instantly, just input loan amount, rate, and tenure. The formula powers it behind the scenes, but you focus on results and amortization schedules.
You can use the calculator to compare loan offers by changing the rates(e.g., 9% vs. 11%), period, or banks. And then observe change in the total interest, EMI differences, and affordability scores. Go deep and pick the best deal that suits your pocket.
Yes, manually via the formula above or spreadsheets, but it's time-consuming and error-prone. Stockify's free version saves hours, offers visuals, and includes moratorium adjustments for precise student budgeting.
True 0% loans are rare but possible through government schemes or employer-sponsored programs. Most "0% interest" claims subsidize rates via scholarships,check eligibility on Stockify. Private banks rarely offer them; expect 8-14% typically.
Rates range from 8.5%-13% p.a. (as of Jan 2026), depending on lender, collateral, and co-borrower. Public banks like SBI start at 8.55%; private ones like HDFC at 9.5%. Use Stockify's rate checker for personalised quotes.
Yes! Input your moratorium (e.g., course duration + 6-12 months grace). It calculates interest accrual during this no-payment phase, then shows post-moratorium EMIs,ideal for accurate long-term planning.
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