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The Education Loan EMI Calculator helps estimate the cost of an education loan by considering the loan amount, interest rate, course duration, moratorium period, and repayment tenure.
Use the EZTax Education Loan EMI Calculator to estimate the monthly EMI, interest accrued during the course and moratorium period, total interest payable, and total repayment amount.
It calculates simple interest during the course and moratorium period, adds it to the original loan amount, and then calculates EMI for the selected repayment tenure.
Yes. The calculator applies simple interest on the education loan amount during both the course duration and post-course moratorium period..
It is the period after completing the course before regular EMI repayment begins. Interest continues to accrue during this period.
The calculator adds the original loan amount and the interest accumulated during the course and moratorium period.
The EMI is calculated on the loan balance at repayment start, using the annual interest rate and repayment tenure selected by the user.
It includes the unpaid interest accumulated during the course and moratorium period, in addition to the original education loan amount.
The displayed EMI is rounded to the nearest rupee, while total payable is calculated using the exact EMI value before rounding.
You can calculate the interest during the course and moratorium period, loan amount at repayment start, estimated monthly EMI, total interest payable, total amount payable, and total loan period.
Disclaimer: This article provides an overview and general guidance, not exhaustive for brevity. Please refer Income Tax Act, GST Act, Companies Act and other tax compliance acts, Rules, and Notifications for details.