Calculate education loan EMI with moratorium (course duration + 6–12 months). See how interest accumulates during study period and total repayment burden.
15yr
Max Repayment
IBA
Guidelines
Education Loan Calculator
Education loans have a moratorium period (course + 6–12 months) during which repayment is deferred. However, interest continues to accumulate. Understand your total liability before taking the loan.
Loan Amount (₹) ₹8,00,000
₹50K₹75 Lakh
Interest Rate (% p.a.) 10.5%
7%16%
💡 IBA Model Scheme: Up to ₹7.5L — no collateral (parental guarantee). Above ₹7.5L — tangible collateral required. Interest subsidy available for EWS/OBC under Padho Pardesh / CSIS schemes.
📚 Moratorium Period
Course Duration 2 Years
Post-Completion Buffer 6 Months
Moratorium Interest
Repayment Tenure After Moratorium 10 Years
1 Year15 Years
⚠️ Interest during moratorium is NOT free. If not paid, it gets added to principal (capitalised). This increases your effective loan amount and total repayment substantially. Consider paying interest during study period if possible.
Education Loan — Financial Planning
Under the IBA Model Education Loan Scheme, moratorium period = Course duration + 1 year (or 6 months after getting employment). During moratorium, simple interest accrues daily. At end of moratorium, unpaid interest is capitalised (added to principal), increasing EMI.
Accrued Interest (Moratorium) = P × r × moratorium_months
Effective Principal = Original Loan + Accrued Interest (if capitalised)
EMI = Effective Principal × r × (1+r)^n / [(1+r)^n − 1]
Tax Benefit — Section 80E
Interest paid on education loan is deductible under Section 80E for 8 consecutive years from the year repayment starts. There is no upper limit — entire interest component qualifies, making education loans tax-efficient for higher earners.