Education Loan Calculator
Calculate your education loan EMI, understand your total borrowing cost, see how part payments can reduce your interest or tenure, and compare U.S. and Indian education loan options.
USD/INR rate used for calculation. Actual exchange rates may vary.
Loan Assumptions
Customize your loan amount, interest rate, study duration and tenure.
Study period: 24 mo + Moratorium: 6 mo = Total pre-repayment period of 30 months. Monthly EMI payments begin at Month 31 for a duration of 60 months.
Do you plan to pay any amount while studying or during grace? (e.g. from part-time work or internships)
Loan Balance Over Time
Outstanding principal balance from disbursement to loan completion.
Principal vs Interest Breakdown
Proportion of borrowing cost relative to original principal borrowed.
U.S. Loan Amortization Schedule
Complete month-by-month breakdown including study period and moratorium.
| Month | Phase / Pmt # | Opening Balance | Interest | Principal | EMI | Closing Balance |
|---|---|---|---|---|---|---|
| 1 | Study Period | $50,000 | $208 | - | - | $50,208 |
| 2 | Study Period | $50,208 | $209 | - | - | $50,418 |
| 3 | Study Period | $50,418 | $210 | - | - | $50,628 |
| 4 | Study Period | $50,628 | $211 | - | - | $50,839 |
| 5 | Study Period | $50,839 | $212 | - | - | $51,050 |
| 6 | Study Period | $51,050 | $213 | - | - | $51,263 |
| 7 | Study Period | $51,263 | $214 | - | - | $51,477 |
| 8 | Study Period | $51,477 | $214 | - | - | $51,691 |
| 9 | Study Period | $51,691 | $215 | - | - | $51,907 |
| 10 | Study Period | $51,907 | $216 | - | - | $52,123 |
| 11 | Study Period | $52,123 | $217 | - | - | $52,340 |
| 12 | Study Period | $52,340 | $218 | - | - | $52,558 |
Need help choosing the right education loan?
Compare your options and get personalized guidance based on your university, course, loan requirement and eligibility. Our advisors help you navigate US co-signer loans, non-cosigner options, and Indian bank offerings with zero consultation charges.
Important Disclaimer:
This calculator provides estimates for educational and comparison purposes only. Actual interest rates, repayment schedules, fees, moratorium treatment, interest capitalization, insurance, foreign exchange costs and other loan terms may vary by lender and loan agreement. Please verify the final terms directly with the lender before making a borrowing decision.
USD/INR conversion is based on the exchange rate entered by the user and may differ from the actual exchange rate applicable at the time of disbursement.