Find the EMI for an education loan. These loans usually allow a longer repayment time than other personal loans.
Uses the standard EMI formula.
Many education loans have a break period during your course, where you do not pay EMI. This calculator does not include that break — it only works out EMI for the time you are actually repaying.
EMI: P × r × (1+r)ⁿ ÷ ((1+r)ⁿ − 1)
What is a moratorium period?
It is a break period. Many education loans let you skip EMI payments during your course, and for a short time after. But interest may still build up during this break. This calculator assumes your EMI has already started.