Education Loan EMI Calculator India — Study Loan Repayment 2026

Last updated: 29 April 2026 Reviewed by Arjun Mehta, CA

**Education loans** in India cover tuition fees, hostel, books, and other study expenses. Interest rates range from 8.85% p.a. (for Premier Institute categories) to 14% for private lenders. The loan has a moratorium period (study duration + 6–12 months) during which you pay only simple interest. Section 80E provides a tax deduction on interest paid for 8 years.

Education Loan Amount (₹) Total education loan amount

Interest Rate (% p.a.) Annual interest rate

Loan Tenure (Months) Repayment period in months

Monthly EMI —

Total Interest Payable —

Total Payment —

View Year-by-Year Breakdown

Real-World Examples — 2026

₹20 lakh education loan at 8.5% for 20 years

A ₹20 lakh education loan at 8.5% p.a. over 20 years results in an EMI of approximately ₹17,357. Total interest paid over the term is ₹21.66 lakh — making total cost ₹41.66 lakh.

₹50 lakh education loan at 9% for 15 years

Borrowing ₹50 lakh at 9% for 15 years gives an EMI of ₹50,713. Total interest is ₹41.28 lakh. Reducing tenure to 10 years cuts total interest to ₹26.03 lakh, saving ₹15.25 lakh.

Frequently Asked Questions

How accurate is the Education Loan EMI Calculator?

The Education Loan EMI Calculator uses standard financial formulas. Results are indicative; actual figures depend on your lender or financial institution's policies.

Is the Education Loan EMI Calculator free to use?

Yes, the Education Loan EMI Calculator on CalcPhi is completely free with no registration required.

Are my data inputs stored?

No. All calculations happen in your browser. We do not store any of your financial data.

How often are the Education Loan EMI Calculator rates updated?

Rates in examples are updated periodically to reflect current market conditions. Always verify with your bank or advisor.

Can I use the Education Loan EMI Calculator on mobile?

Yes. CalcPhi is fully mobile-optimised. The calculator works on all modern smartphones and tablets.

Who should use this calculator?

Anyone in India planning their finances can benefit from the Education Loan EMI Calculator. It's designed for both beginners and experienced investors.