Education loan EMI calculator with moratorium
Interest doesn't pause during the moratorium. See exactly what it adds up to.
Make it real
Real loans have part-payments, rate changes and fees. Switch any of them on.
EMI after moratorium
₹31,059
First EMI in May 2029, after a 30-month holiday
Interest
43%
of total
- Total interest
- ₹11,08,959
- Total payment
- ₹26,08,959
- Interest ÷ principal
- 0.74×
- Loan-free by
- Apr 2036
The full picture
9 yrs 6 mos of payments, year by year and month by month.
| Year | Principal | Interest | Total paid | Balance | Paid off |
|---|---|---|---|---|---|
| 2026 | ₹0 | ₹23,844 | ₹0 | ₹15,23,844 | 0% |
| 2027 | ₹0 | ₹1,51,238 | ₹0 | ₹16,75,082 | 0% |
| 2028 | ₹0 | ₹1,66,248 | ₹0 | ₹18,41,330 | 0% |
| 2029 | ₹1,31,724 | ₹1,75,753 | ₹2,48,472 | ₹17,68,610 | 0% |
| 2030 | ₹2,13,842 | ₹1,58,866 | ₹3,72,708 | ₹15,54,768 | 0% |
| 2031 | ₹2,35,066 | ₹1,37,643 | ₹3,72,708 | ₹13,19,702 | 12% |
| 2032 | ₹2,58,395 | ₹1,14,313 | ₹3,72,708 | ₹10,61,306 | 29% |
| 2033 | ₹2,84,041 | ₹88,668 | ₹3,72,708 | ₹7,77,266 | 48% |
| 2034 | ₹3,12,231 | ₹60,477 | ₹3,72,708 | ₹4,65,035 | 69% |
| 2035 | ₹3,43,219 | ₹29,489 | ₹3,72,708 | ₹1,21,816 | 92% |
| 2036 | ₹1,21,816 | ₹2,420 | ₹1,24,236 | ₹0 | 100% |
1–11 of 11 years
How to use this calculator
- 01
Set the basics
Drag the sliders or type the loan amount, interest rate and tenure. Everything updates as you type.
- 02
Add prepayments or rate changes
Optionally add prepayments, rate changes, step-ups, a moratorium or fees to see the full cost of your loan.
- 03
Check the schedule
The charts and month-by-month schedule show how much of each EMI goes to interest and principal. Export as PDF or Excel, or share a link.
Frequently asked questions
What is the moratorium period on an education loan?
It's the course duration plus a grace period, usually 6–12 months after the course ends, during which you don't pay EMIs. Interest still accrues, and most banks add it to the principal when repayment starts.
Should I pay interest during the moratorium?
If you can, yes. Paying simple interest during the course stops it from compounding into your principal. Switch the moratorium setting to 'pay interest' above to see the difference, often lakhs on larger loans.
Is education loan interest tax deductible?
In India, interest paid on an education loan is deductible under Section 80E for up to 8 years, with no upper limit. Principal repayments don't qualify.