Education Loan EMI Calculator
EMI, total interest and APR with processing fee for your education loan, with EMI tables for common amounts.
Updated 27 September 2026 · 8 lenders trackedAbout this calculator
Enter the amount you will owe when EMIs start — including any moratorium interest you did not pay — to see your EMI. To model the study period too, use the moratorium calculator.
Education Loan EMI Calculator
Formula: EMI = P × i × (1 + i)^n ÷ ((1 + i)^n − 1), where P = principal when EMIs start, i = annual rate ÷ 1,200 and n = number of monthly EMIs.
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.
EMI examples
| Loan amount | EMI @ 8.50% | EMI @ 10.00% | EMI @ 12.00% |
|---|---|---|---|
| ₹5,00,000 | ₹6,199 interest ₹2,43,914 | ₹6,608 interest ₹2,92,904 | ₹7,174 interest ₹3,60,826 |
| ₹10,00,000 | ₹12,399 interest ₹4,87,828 | ₹13,215 interest ₹5,85,809 | ₹14,347 interest ₹7,21,651 |
| ₹25,00,000 | ₹30,996 interest ₹12,19,571 | ₹33,038 interest ₹14,64,522 | ₹35,868 interest ₹18,04,128 |
Tenure 10 years, reducing-balance EMI.
Effect of tenure
| Tenure | EMI | Total interest | Total repaid |
|---|---|---|---|
| 5 years | ₹21,002 | ₹2,60,112 | ₹12,60,112 |
| 7 years | ₹16,344 | ₹3,72,894 | ₹13,72,894 |
| 10 years | ₹12,940 | ₹5,52,771 | ₹15,52,771 |
| 12 years | ₹11,664 | ₹6,79,577 | ₹16,79,577 |
| 15 years | ₹10,442 | ₹8,79,604 | ₹18,79,604 |
₹10,00,000 at 9.50%.
Frequently asked questions
Should I choose the longest tenure?
A longer tenure lowers EMI but raises total interest, and only 8 years of interest qualify for Section 80E. Many graduates choose 7–10 years and prepay when income rises.
For information and comparison only. Loan terms, rates and rules change — confirm with the lender and read the Key Facts Statement before borrowing.