Education Loan EMI Calculator
Plan your education financing with our comprehensive Education Loan EMI Calculator. Estimate your monthly payments, total interest, and view detailed repayment schedules.
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Your monthly EMI
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Total Interest
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Total Amount
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Interest Rate Comparison
Compare interest rates from multiple lenders before finalizing your education loan.
Tax Benefits
Education loan interest is eligible for tax deduction under Section 80E of the Income Tax Act.
Moratorium Period
Most education loans offer a moratorium period during the course duration plus 6-12 months.
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Education loans in India are designed to help students finance their higher education, both in India and abroad. These loans typically cover tuition fees, accommodation, books, equipment, and other education-related expenses.
Key Features of Education Loans
- Loan amounts ranging from ₹50,000 to ₹1.5 crore depending on the institution and course
- Competitive interest rates starting from 7.15% p.a.
- Moratorium period during the course duration plus 6-12 months
- Repayment tenure of up to 15 years
- Tax benefits under Section 80E of the Income Tax Act
- Minimal or no collateral required for loans up to ₹7.5 lakhs
Popular Education Loan Providers in India
- State Bank of India (SBI)
- HDFC Credila
- Bank of Baroda
- Punjab National Bank
- Axis Bank
- ICICI Bank