Education Loan EMI Calculator

An education (student) loan funds tuition, living and other study expenses. The key feature is a moratorium — the course duration plus a 6–12 month grace period — during which you usually don't pay EMIs. However, simple interest keeps accruing on the disbursed amount and is added to the principal when repayment begins.

Interest accrues during the moratorium, then amortises:

Moratorium = course years + grace months

Interest during moratorium
  = P × rate × moratorium years  (simple interest)

Repayment principal = P + interest during moratorium

EMI = standard amortizing formula
  over the repayment years

Enter the loan amount, interest rate, course duration, repayment period and grace months. The calculator shows the EMI starting after the moratorium and how the interest accrued during study inflates your repayment principal.