Investment
Secure
Download the Policybazaar app
to manage all your insurance needs.
Secure your child’s future with or without you
Start Investing
â‚ą10,000/Month
& Get
â‚ą1 Crore*
Education Loan EMI Calculator
When you take an education loan, you repay it through Equated Monthly Installments (EMIs). Each EMI consists of two parts: the principal amount and the interest. While the EMI amount generally remains fixed throughout the loan tenure, the composition changes over time. Initially, a larger portion of your EMI goes towards paying interest, and as you progress, more of your payment contributes to reducing the principal.
Investing in your child's future:Nothing is more important than securing your child's future
We are rated++
9.7 Crore
Registered Consumer
51
Insurance Partners
4.9 Crore
Policies Sold
Investment Will Continue With Or Without You
Invest ₹10k/month your child will get ₹1 Cr# Tax-Free*
- Home
- Child Plans
- Education Loan
- Education Loan EMI Calculator
If you want to estimate your monthly EMI before applying for an education loan, an Education Loan EMI Calculator is an invaluable tool.
What is an Education Loan EMI Calculator?
An Education Loan EMI Calculator is a handy online tool designed to help students and parents estimate the monthly instalment they need to pay on an education loan, including loans taken for child education plans or education loans for abroad studies. By entering key details such as the loan amount, interest rate, and repayment tenure, the calculator instantly provides the Equated Monthly Installment (EMI) amount, enabling borrowers to plan their finances effectively. It is especially useful for those considering education loans for abroad studies, where loan amounts and tenures can vary significantly. Using the calculator helps you compare different loan offers, understand the total interest payable, and budget accordingly.
EMI Calculator
Loan Amount
₹
- ₹10 K
- ₹1,00,000
- ₹5,00,000
- ₹10,00,000
- ₹50,00,000
- ₹1,00,00,000
- ₹2,00,00,000
- ₹4,00,00,000
- ₹6,00,00,000
- ₹8,00,00,000
- ₹10 Cr
Interest Rate
%
- 1%
- 2
- 3
- 4
- 6
- 7
- 8
- 9
- 11
- 12
- 13
- 14
- 16
- 17
- 18
- 19
- 21
- 22
- 23
- 24
- 26
- 27
- 28
- 29
- 30%
Loan Tenure
Yrs
- 1 Yr
- 2
- 3
- 4
- 6
- 7
- 8
- 9
- 11
- 12
- 13
- 14
- 16
- 17
- 18
- 19
- 21
- 22
- 23
- 24
- 26
- 27
- 28
- 30 Yrs
Total Interest
Principal Amount
How Does the Education Loan EMI Calculator Help You?
-
Plan Your Finances:
Knowing your monthly EMI helps you budget effectively and manage your monthly expenses.
-
Compare Offers:
You can input different interest rates offered by various banks to find the best deal.
-
Test Different Tenures:
Experiment with loan tenures to see how extending or shortening the repayment period affects your EMI.
-
Quick & Free:
The EMI calculator is easy to use, provides instant results, and is available online for free.
-
How to Use the Educational Loan EMI Calculator?
Using the calculator is simple and user-friendly. You need to enter three key details:
-
Loan Amount:
The total amount you want to borrow for your education.
-
Tenure:
The duration over which you plan to repay the loan. Remember, longer tenures mean lower EMIs but higher total interest, while shorter tenures mean higher EMIs but less interest overall.
-
Rate of Interest:
The annual interest rate offered by the bank or financial institution.
Once you input these details, Policybazaar’s Child Education Loan calculator instantly shows your monthly EMI. Feel free to adjust the values to find an EMI that fits your budget.
Invest More Get More
Invest â‚ą10K/Month YOU GET â‚ą1 Crores* For Your Child
Invest â‚ą8K/Month YOU GET â‚ą80 Lakhs* For Your Child
Invest â‚ą5K/Month YOU GET â‚ą50 Lakhs* For Your Child
Standard T&C Apply *
How to Calculate Educational Loan EMI? (Formula & Example)
Example:
Mr. Gokul borrows â‚ą10,00,000 at an interest rate of 12% per annum for 2 years.
-
P=10,00,000
-
R=12/100Ă—12=0.01
-
n=2Ă—12=24
-
n=2Ă—12=24 months
Using the formula, the EMI comes out to approximately â‚ą46,073 per month.
Advantages of Using the Educational Loan EMI Calculator
-
Fast & Accurate:
No guesswork, just precise numbers.
-
Clear Insights:
See exactly how your payments break down month-by-month.
-
Stay on Track:
Monitor your repayment progress and outstanding loan balance.
-
Plan the Future:
Make smarter financial decisions with confidence.
-
Completely Free:
Use it anytime, anywhere - no charges, no hassle!
Final Thoughts
An Education Loan EMI Calculator is a powerful tool that empowers you to make informed decisions about your education loan. By understanding your monthly obligations and total loan cost upfront, you can choose the best loan option and manage your finances efficiently throughout your study period and beyond.
FAQs
-
Can the Child Education Loan EMI Calculator help me track my loan repayment?
Yes, many calculators provide an amortization schedule that shows how much principal and interest you have paid each month and the outstanding loan balance. -
How can an Education Loan EMI Calculator help with a child education loan?
For parents planning a child education loan, the calculator provides a clear picture of the monthly EMIs, total interest payable, and repayment schedule. This helps you budget better and choose the right loan amount and tenure to fund your child’s education without financial strain. -
Can I use the EMI calculator for an education loan for abroad studies?
Yes, the EMI calculator is ideal for estimating monthly payments on education loans for abroad studies. Since loan amounts and tenures vary widely for overseas education, the calculator helps you compare different interest rates and repayment periods to find the best fit.
˜Top 5 plans based on annualized premium, for bookings made in the first 6 months of FY 24-25. Policybazaar does not endorse, rate or recommend any particular insurer or insurance product offered by any insurer. This list of plans listed here comprise of insurance products offered by all the insurance partners of Policybazaar. For a complete list of insurers in India refer to the Insurance Regulatory and Development Authority of India website, www.irdai.gov.in
*All savings are provided by the insurer as per the IRDAI approved insurance
plan.
^The tax benefits under Section 80C allow a deduction of up to ₹1.5 lakhs from the taxable income per year and 10(10D) tax benefits are for investments made up to ₹2.5 Lakhs/ year for policies bought after 1 Feb 2021. Tax benefits and savings are subject to changes in tax laws.
#The investment risk in the portfolio is borne by the policyholder. Life insurance is available in this product. The maturity amount of Rs 1 Cr. is for a 30 year old healthy individual investing Rs 10,000/- per month for 30 years, with assumed rates of returns @ 8% p.a. that is not guaranteed and is not the upper or lower limits as the value of your policy depends on a number of factors including future investment performance. In Unit Linked Insurance Plans, the investment risk in the investment portfolio is borne by the policyholder and the returns are not guaranteed. Maturity Value: ₹1,05,02,174 @ CARG 8%; ₹50,45,591 @ CAGR 4%
+Returns Since Inception of LIC Growth Fund
¶Long-term capital gains (LTCG) tax (12.5%) is exempted on annual premiums up to 2.5 lacs.
++Source - Google Review Rating available on:- http://bit.ly/3J20bXZ
^^The information relating to mutual funds presented in this article is for educational purpose only and is not meant for sale. Investment is subject to market risks and the risk is borne by the investor. Please consult your financial advisor before planning your investments.
Investment
Secure
Secure your Child’s
Career Goal
Career Goal
Start Investing ₹10,000/Month
& Get ₹1 Crore*
*Standard T & C Apply
Insurers Offering Child Plans
Tata AIA
Aditya Birla Sun Life
Bajaj Allianz
Axis Max Life
HDFC Life
ICICI Prudential
Bharti AXA Life
Edelweiss Life
Kotak Life
Future Generali
PNB MetLife
SBI Life
Aviva
Bandhan Life
Canara HSBC
IDBI Federal
IndiaFirst
Pramerica Life
Reliance Life
Sahara Life
Shriram Life
Star Union
Disclaimer: Policybazaar does not endorse, rate or recommend any particular insurer or
insurance product offered by an insurer.
- SIP Calculator
- Income Tax Calculator
- Compound Interest Calculator
- NPS Calculator
- Show More Calculator
Child plans articles
Recent Articles
Popular Articles
22 May 2025
The Credit Guarantee Fund Scheme for Skill Development (CGFSSD)Explore the popular searches and stay informed
- Child Investment Plan
- Child Plan
- Government Schemes for Girl Child
- Post Office Child Plan
- Prime Minister Schemes For Boy Child
- 50k Pension Per Month
- Annuity Plan
- Atal Pension Yojana Calculator
- Best Pension Plan in India
- Best SIP Plans
- Deferred Annuity Plans
- HDFC SIP Calculator
- Immediate Annuity Plans
- Investment Plan
- LIC
- NPS Interest Rate
- Pension Plan
- Retirement Planning
- SBI Annuity Deposit Scheme Calculator
- SBI SIP Calculator
- SBI SIP
- SIP Calculator
- SIP
- Sukanya Samriddhi Yojana Interest Rate
- Sukanya Samriddhi Yojana
- ULIP Calculator
- ULIP Plan
- 1 Crore Term Insurance
- Best Term Insurance Plan
- Term Insurance for Women
- Term Insurance for NRI
- Term Insurance
- Term Insurance Calculator
- Life Insurance
- Term Insurance with Return of Premium
- Whole Life Insurance
- Term Insurance vs Life Insurance
- What is Term Insurance
- Life Insurance Calculator
- 5 Crore Term Insurance
- 2 Crore Term Insurance
- 50 Lakh Term Insurance
- Term Insurance for Housewife
- Benefits of Term Insurance
- Term Insurance Terminology
- Medical Tests for Term Insurance
- Term Insurance for Self Employed
- Claim Settlement Ratio
- 10 Crore Term Insurance
- Term Insurance for Smokers
- 1.5 Crore Term Insurance
- Zero Cost Term Insurance