Student tools
Education loan EMI & course fee calculator
Work out your monthly EMI, the interest you will pay in total, and how much loan a course really needs.
Loan EMI
Your monthly EMI
₹21,247
for 60 months
- Loan amount ₹10,00,000
- Total interest ₹2,74,823
- Interest in the waiting time
- Total interest
- ₹2,74,823
- Total you will pay
- ₹12,74,823
Year-wise breakup
| Year | Principal paid | Interest paid | Balance |
|---|
Course cost planner
Loan you may need
Total cost minus scholarship and your own money
- Tuition for the whole course
- Hostel, food and travel
- One-time costs
- Total course cost
- Scholarship
- Your own money
Year-wise cost
| Year | Tuition | Living | Total |
|---|
These are estimates for planning, not a loan offer. Processing fees, insurance, taxes and the lender's own method of counting interest are not included, so your bank's figures can differ. CampusSeva does not give loans.
Good to know
Education loan questions
How is the education loan EMI calculated?
EMI = P x r x (1 + r)^n / ((1 + r)^n - 1), where P is the loan amount, r is the monthly interest rate (yearly rate divided by 12) and n is the number of monthly instalments. The calculator applies this formula to the amount, rate and tenure you enter.
What is the moratorium (course period) in an education loan?
Most education loans let you start repaying only after the course ends, often with a few extra months for finding a job. This waiting time is called the moratorium. Interest usually keeps building up during it.
Is it better to pay the interest during the course?
Paying the interest every month during the course keeps the loan at its original size, so you pay less in total. If the interest is allowed to add up, it is added to the loan when repayment starts and you pay interest on it later. Compare both options in the calculator.
Which interest rate should I enter?
Enter the rate your bank or lender has quoted for you. Rates differ by lender, course, institute, co-applicant and whether the rate is fixed or floating, so CampusSeva does not suggest one. Always confirm the final rate in writing.
Are processing fees, insurance or taxes included?
No. The calculator shows principal and interest only. Processing fees, insurance, GST and any prepayment charges are set by the lender and are not included.
Does CampusSeva give education loans?
No. CampusSeva is a free counseling platform and does not lend money or take any fee for loans. The results here are estimates to help you plan; your lender decides the actual terms.
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