Education Loan EMI Calculator

Education loans help fund higher education in India and abroad. They typically have a moratorium period during which no EMI is payable, but interest accrues.

Key Points

• Interest rates: 8–14% p.a. depending on the lender
• Moratorium: course duration + 6–12 months grace period
• Repayment tenure: up to 15 years after moratorium
• Tax deduction on interest under Section 80E (no limit)
• Collateral required for loans above ₹7.5 lakh (varies by bank)
• Government subsidy schemes available for economically weaker sections