Education Loan Calculator — EMI, Moratorium & Interest
Estimate an education loan EMI after your study and grace period. Compare paying interest while studying with adding it to the balance, then review total interest and a full repayment schedule.
Study + grace periodInterest choice7 currenciesPrivate in browser
CALCULATE THE COST AFTER STUDY
Plan the EMI your ordinary loan calculator misses.
Enter the loan offer you are considering, include the course and grace months, then choose what happens to interest before regular repayment starts.
Your figures stay in this browser and are not submitted.
MORATORIUM COMPARISON
See what capitalized interest changes
These scenarios use the same loan amount, rate and repayment term. Your lender may accrue or capitalize interest differently.
REPAYMENT SCHEDULE
Principal and interest by month
Showing the first 12 payments and the final payment. Download the CSV for the complete schedule.
| Month | Payment | Principal | Interest | Balance |
|---|---|---|---|---|
| 1 | ৳28,741 | ৳10,104 | ৳18,638 | ৳2,119,896 |
| 2 | ৳28,741 | ৳10,192 | ৳18,549 | ৳2,109,704 |
| 3 | ৳28,741 | ৳10,281 | ৳18,460 | ৳2,099,423 |
| 4 | ৳28,741 | ৳10,371 | ৳18,370 | ৳2,089,052 |
| 5 | ৳28,741 | ৳10,462 | ৳18,279 | ৳2,078,590 |
| 6 | ৳28,741 | ৳10,553 | ৳18,188 | ৳2,068,036 |
| 7 | ৳28,741 | ৳10,646 | ৳18,095 | ৳2,057,391 |
| 8 | ৳28,741 | ৳10,739 | ৳18,002 | ৳2,046,652 |
| 9 | ৳28,741 | ৳10,833 | ৳17,908 | ৳2,035,819 |
| 10 | ৳28,741 | ৳10,928 | ৳17,813 | ৳2,024,891 |
| 11 | ৳28,741 | ৳11,023 | ৳17,718 | ৳2,013,868 |
| 12 | ৳28,741 | ৳11,120 | ৳17,621 | ৳2,002,748 |
| 120 | ৳28,741 | ৳28,492 | ৳249 | ৳0 |
DIRECT ANSWER
How does an education loan EMI calculator work?
An education loan calculator first estimates interest during the course and grace period, then calculates equal monthly payments on the balance that enters repayment. If unpaid interest is added to the balance, the EMI and later interest both rise. If you pay that interest as it accrues, the repayment balance stays closer to the original loan amount. Actual lender rules can differ, so use the calculator to compare offers—not to replace the sanction letter.
BUILT FOR EDUCATION LOANS
Compare the decisions that change repayment most.
The leading calculators make EMI quick, but many treat an education loan exactly like any other term loan. This planner makes the pre-repayment period visible.
Course and grace months
Model the full moratorium instead of starting the schedule on the day the loan is entered.
Pay or capitalize interest
Compare servicing interest during study with adding accrued interest to the repayment balance.
Complete cost view
See monthly EMI, pre-repayment interest, repayment interest, total interest and total paid together.
Schedule and extra payments
Review the amortization path, add a monthly overpayment and export the complete schedule as CSV.
READ THE RESULT
Four figures matter before you accept an offer.
A smaller EMI is not automatically a cheaper loan. Compare the same amount and term under each lender's actual interest and moratorium rules.
Interest before repayment
A transparent simple-interest estimate for the study and grace months. Your lender may accrue daily, monthly or by disbursement tranche.
Balance when EMI starts
Original principal plus unpaid moratorium interest when the add-to-balance option is selected.
Monthly education loan EMI
The reducing-balance payment estimated across the repayment term, with any optional extra payment shown separately in the schedule.
Total education loan cost
All estimated interest before and during repayment, so long terms and capitalization are easier to compare.
IMPORTANT LIMIT
This calculator cannot determine eligibility or quote a current rate.
Eligibility, approved amount, floating-rate changes, staged disbursement, subsidies, insurance, taxes, fees and exact capitalization rules depend on the lender and jurisdiction. Enter the terms from an official offer and confirm the final EMI schedule with the lender before signing.
PUBLIC REFERENCES
Check the assumptions with public guidance.
These government resources explain interest, capitalization and repayment planning. They do not supply a universal rate for this calculator.
Reviewed 30 July 2026- Federal Student AidStudent loan interest and capitalizationOfficial U.S. Department of Education guidance explaining interest accrual and when unpaid interest may be capitalized.
- Federal Student AidManage and repay student loansPublic repayment guidance covering payment planning, servicers and available repayment information.
- Consumer Financial Protection BureauRepay student debtIndependent U.S. government consumer guidance for understanding statements, repayment choices and student-loan problems.
COMMON QUESTIONS
Education loan calculator FAQ
Straight answers about education loan EMI, moratorium interest, repayment and the limits of an online estimate.
How is education loan EMI calculated?
After establishing the balance at the start of repayment, this tool uses the standard reducing-balance EMI formula with the annual rate converted to a monthly rate and the repayment term converted to months.
What is a moratorium period in an education loan?
It is the course or study period plus any additional grace months before regular principal-and-interest payments begin. Interest may still accrue during that time.
Does interest apply during the education loan moratorium?
Often yes, but the method depends on the loan. This calculator lets you model simple interest during the study and grace period instead of assuming the period is interest-free.
What happens if moratorium interest is added to the loan?
The unpaid amount increases the balance used to calculate EMI. That normally increases both the monthly payment and the interest charged during repayment.
Can I model paying interest while I study?
Yes. Choose Pay as it accrues. The calculator shows that interest as paid before regular repayment and keeps it out of the EMI starting balance.
When does education loan repayment start?
The contract sets the date. For planning, add the course months and grace months; the repayment schedule begins after that combined period.
Does a longer repayment term reduce education loan EMI?
Usually it reduces the scheduled monthly payment, but it generally increases total repayment interest. Compare both figures rather than EMI alone.
How do extra payments affect an education loan?
The optional extra amount is applied to principal after regular repayment starts. The estimate may show fewer payment months and less repayment interest, subject to lender prepayment rules.
Is this an education loan eligibility calculator?
No. It calculates repayment from numbers you enter. It cannot assess income, credit history, admission, collateral, guarantors, residency or a lender's approval policy.
Can I compare education loan offers with this EMI calculator?
Yes. Enter each offer's amount, annual rate, repayment term and moratorium treatment separately, then compare starting balance, EMI and total interest.
Why can the bank's EMI differ from this estimate?
Banks may disburse in stages, accrue interest daily, change floating rates, capitalize on a different date or include charges. Those details can move the final schedule.
Which currency should I choose?
Choose the currency used in the loan offer and keep every amount in that same currency. The selector changes formatting only; it does not convert exchange rates.