Education Loan Calculator
EMI and interest on a student education loan.
A loan with a tax break
Education loans typically offer a moratorium (no EMI during the course) and Section 80E lets you deduct the full interest paid for up to 8 years — with no upper limit. This makes the effective cost lower than the headline rate.
Note
This tool computes the standard repayment EMI. During the moratorium interest accrues; some borrowers pay simple interest then to reduce the burden later.
Frequently asked questions
What is Section 80E?
It allows a deduction for the entire interest component of an education loan (for higher studies) for up to 8 years, with no cap — only available in the old tax regime.