EMI with moratorium for study loans. The Education Loan EMI Calculator takes loan amount, interest rate, course duration, grace period after the course, repayment tenure after the moratorium, during the moratorium and returns emi after the moratorium plus interest accrued during the moratorium, principal at the start of repayment, total interest over the loan. Results update as you type, and the formula is shown under the result so you can repeat it in your own spreadsheet.
The headline interest rate is only part of what a loan costs: fees, the structure of repayments and how the rate is quoted (flat or reducing) all change the true cost. Compare offers on total interest and effective rate, not on EMI alone. Use the worked example below to check the maths against your own figures.
How the Education Loan EMI Calculator works
Education loans allow a moratorium covering the course plus six to twelve months. Simple interest accrues during it; paying it as you go keeps the EMI down, letting it capitalise raises the principal you repay later.
Worked example
With the example values (loan amount of ₹1,500,000, interest rate of 9.5%, course duration of 4 years, grace period after the course of 6 months, repayment tenure after the moratorium of 10 years, during the moratorium "Simple interest accrues and is added to the loan"), the emi after the moratorium is ₹27,707.25; interest accrued during the moratorium ₹641,250.00, principal at the start of repayment ₹2,141,250.00, total interest over the loan ₹1,824,870.24. Change any figure above and the result updates immediately; use Copy results to paste the summary into a note or email.
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Frequently Asked Questions
How is emi after the moratorium calculated?
moratorium interest = amount × rate × moratorium months ÷ 12; EMI = payment on the (capitalised) principal over the tenure.
Which figures do I need?
Loan amount, interest rate, course duration, grace period after the course, repayment tenure after the moratorium, during the moratorium. Take them from the same period and the same set of accounts or reports so the ratio is consistent, and check the example values as a guide to the units expected.
Does the result include fees and charges?
Only where there is a fee input. Processing fees, insurance and prepayment charges add to the true cost; the APR and loan comparison calculators include them.
