Education Loan EMI Calculator

Accurate EMI estimation in seconds:

The Education Loan EMI Calculator uses an RBI-standard formula to deliver accurate EMI values.

Compare multiple scenarios:

Adjust the loan amount, interest rate or tenure to see how each factor impacts your EMI.

Ideal for higher studies in India or abroad:

Whether you're exploring domestic or international education, the student loan interest calculator helps you plan your long-term finances.

Smart planning for students & parents:

Understand monthly cash flows well before applying for the loan.

Choose the right loan tenure:

Use the calculator to determine whether a short-term loan (with higher monthly EMIs) or a long-term loan (with lower monthly EMIs) is suitable for you.

Understand interest accumulation:

The calculator helps you see how interest builds over time.

Plan repayment in a stress-free way:

Evaluate monthly affordability before applying.

Transparent and user-friendly:

No formulas, no spreadsheets- just enter the details and get estimates instantly.

Loan Amount:

A higher amount leads to higher EMIs.

Interest Rate:

The rate varies based on the institute, course, co-applicant’s profile and collateral offered (if any).

Loan Tenure:

A longer tenure lowers the EMI but increases the total interest outflow.

Moratorium Period:

During the moratorium, interest continues accruing on the loan. Use the Education Loan interest calculator to view its impact.

• Nationality: Indian
• Age: Minimum: 16 years, Maximum: 65 years at the time of loan closure (on case to case basis)
• Academic record: Proven good academic performance
• Qualification: Completed 10+2 (12th standard) or a Diploma
• For pursuing: Graduation / Postgraduate Degree or Postgraduate Diploma in professional education
• University applied to: Listed, recognised and accredited institutes (India and overseas)
• Loan sanction is based on: Pre-admission sanction, entrance exam scores (GRE, GMAT, etc.), 12th / H.S.C. results, confirmed admission.

Loan Amount:

• Domestic &  International studies: Up to ₹ 3 crore
• Co-applicant: Father, Mother, Brother, Sister, Spouse (Husband/Wife), Grandparents, Parents-in-law, Maternal / Paternal Uncle
• Security: Property (House or Flat), Fixed Deposit, Existing ICICI Bank Home Loan for cross-collateral.