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Education Loan EMI Calculator
₹1 L₹1.5 Cr
7%16%
1 yr15 yrs
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Education loan EMI — FAQs
How is the education loan EMI calculated?+
EMI = P × r × (1+r)^n ÷ ((1+r)^n − 1), where P is the loan amount, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the number of monthly instalments (tenure in years × 12).
Do overseas education loans have a moratorium?+
Most do — you typically repay after your course plus a grace period (often 6–12 months). Interest may still accrue during study; a U2CAN counsellor can explain lender-specific terms.
How much can I borrow to study abroad?+
Depending on your profile and collateral, banks and NBFCs lend anywhere from a few lakhs up to ₹1.5 crore or more. We help you compare lenders for the best rate.