How to use the Education Loan Calculator
Fill in the fields on the left. Results, charts and the breakdown update instantly as you type or move a slider. Pick your country at the top of the page to switch currency.
Formula
Moratorium interest = P × rate × moratorium years (simple interest)
Repayment loan = P + moratorium interest (if not paid)
EMI = standard EMI formula on the repayment loan
Frequently asked questions
Should I pay interest during the course?
If you can, yes. Paying the simple interest while studying stops it being added to your loan and lowers your future EMI.
Is education loan interest tax deductible?
In India, interest is deductible under Section 80E for up to 8 years (old regime). In the US, up to $2,500 of student loan interest may be deductible.
Results are estimates for information only and are not financial, tax or legal advice. Tax rules, interest rates and fees change, so confirm important numbers with your bank, employer or a qualified adviser. Read our disclaimer.