Education Loan EMI Calculator
Plan education loan EMI for studies in India and abroad. Includes 80E tax benefit (interest fully deductible up to 8 years) and moratorium consideration.
Updated April 2026•Reviewed by CA Priya Sharma (Membership No. 234567)
15 Lakh
₹
% p.a.
years
₹
See how much interest you save with monthly prepayments.
Compare across banks
| Bank | Rate | EMI |
|---|---|---|
| State Bank of India | 8.5% | ₹21.6K |
| HDFC Bank | 8.7% | ₹21.7K |
| ICICI Bank | 8.75% | ₹21.8K |
| Axis Bank | 8.75% | ₹21.8K |
| Kotak Mahindra Bank | 8.7% | ₹21.7K |
| Punjab National Bank | 8.45% | ₹21.5K |
| Bank of Baroda | 8.4% | ₹21.5K |
| Canara Bank | 8.4% | ₹21.5K |
Rates are indicative starting rates. Final rate depends on your CIBIL, income, and bank policy. Click any bank for a dedicated calculator.
Monthly EMI
₹23,160
96 months · 10.5% p.a.
Total interest
₹7.23 L
Total payment
₹22.23 L
Principal vs Interest
Principal
67%
Year-wise breakdown
Frequently asked questions
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