Education Loan Eligibility Calculator
Estimate the loan an EMI budget can support — using the co-applicant’s income now or the student’s expected salary.
Updated 27 September 2026 · 8 lenders trackedAbout this calculator
Education loans are sanctioned on course cost, not income, but the loan still has to be repaid. Use this to check what EMI the co-applicant’s income (or the student’s expected starting salary) can carry, keeping total EMIs within a safe share of income.
Education Loan Eligibility Calculator
What limits your loan amount
The bank never lends more than the need.
Above ₹7.5 lakh at non-premier institutes, the loan is capped by security value.
Co-applicant income and existing EMIs for larger or unsecured loans.
Each scheme has its own ceiling (e.g. SBI Student Loan up to ₹50 lakh).
EMI per ₹1 lakh
| Rate | 5 yrs | 7 yrs | 10 yrs | 12 yrs | 15 yrs |
|---|---|---|---|---|---|
| 8.00% | ₹2,028 | ₹1,559 | ₹1,213 | ₹1,082 | ₹956 |
| 9.00% | ₹2,076 | ₹1,609 | ₹1,267 | ₹1,138 | ₹1,014 |
| 10.00% | ₹2,125 | ₹1,660 | ₹1,322 | ₹1,195 | ₹1,075 |
| 11.00% | ₹2,174 | ₹1,712 | ₹1,378 | ₹1,254 | ₹1,137 |
| 12.00% | ₹2,224 | ₹1,765 | ₹1,435 | ₹1,313 | ₹1,200 |
EMI for every ₹1 lakh borrowed. Multiply by your loan amount in lakh.
Frequently asked questions
What share of salary should go to EMIs?
Lenders commonly allow total EMIs of about 40%–50% of net income. For a fresh graduate a lower share leaves room for living costs.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.