Loans calculator
What will an education loan cost after the moratorium?
Estimate study-period interest, the balance when repayment begins, EMI and total education-loan cost.
Monthly EMI after moratorium
—How it works
Simple interest accrues on the amount actually disbursed during the course and moratorium. Unpaid interest, after any confirmed subsidy entered, is added once when EMI repayment starts. Repayment then uses a fixed reducing-balance EMI. GST, insurance, changing rates and lender-specific rounding are excluded.
This result is an educational estimate. Rates, taxes, fees, product rules, and market returns can change.
India-focused guide
Enter the sanctioned loan, rate, course duration, post-course moratorium, disbursement pattern and repayment tenure. The calculator estimates simple interest before repayment, applies any confirmed subsidy, capitalises unpaid interest if selected and calculates the reducing-balance EMI.
Total education loan sanctioned, Interest rate, Course duration, Moratorium after course, Loan disbursement, Interest during course and moratorium, Repayment tenure after moratorium, Confirmed moratorium interest subsidy, Processing fee.
Simple interest accrues on the amount actually disbursed during the course and moratorium. Unpaid interest, after any confirmed subsidy entered, is added once when EMI repayment starts. Repayment then uses a fixed reducing-balance EMI. GST, insurance, changing rates and lender-specific rounding are excluded.
Detailed guide
This education-loan calculator separates the course and moratorium phase from the later EMI phase. It estimates simple interest on the amount actually disbursed, applies any confirmed subsidy entered and shows how unpaid interest changes the balance when monthly repayment begins.
During the course and post-course moratorium, the calculator applies simple monthly interest to the principal released so far. If equal annual disbursement is selected, each academic-year tranche starts accruing interest only when that tranche is released.
If interest is not serviced, the borrower’s unpaid interest—after any confirmed subsidy—is added once to the loan when EMI repayment begins. That opening balance is then amortised through equal monthly instalments on a reducing balance.
FormulaBalance when EMI starts = total principal + unpaid moratorium interest − confirmed subsidy credit
These examples use a 9.5% rate, a four-year course, 12 additional moratorium months, 10 years of EMI repayment and a 0.5% processing fee. They show why disbursement timing and interest servicing matter even when the sanctioned amount and rate are identical.
| Scenario | Interest before EMI | Balance at EMI start | Monthly EMI | Total paid incl. fee |
|---|---|---|---|---|
| Equal annual disbursement; interest capitalised | ₹4.99 lakh | ₹19.99 lakh | ₹25,863 | ₹31.11 lakh |
| Full loan at course start; interest capitalised | ₹7.13 lakh | ₹22.13 lakh | ₹28,629 | ₹34.43 lakh |
| Equal annual disbursement; interest serviced | ₹4.99 lakh | ₹15.00 lakh | ₹19,410 | ₹28.35 lakh |
RBI’s education-loan FAQ says the Model Education Loan Scheme provides broad guidance and implementing banks can make changes. Interest rates are also set by banks under their approved policies, so the sanction letter controls the actual rate, moratorium, repayment and compounding treatment.
Government interest-subsidy or subvention schemes have separate eligibility, institution, income, loan-limit and claim conditions. Enter only a subsidy amount confirmed by the lender or scheme administrator. The calculator caps that credit at the estimated interest accrued before EMI repayment.
Common questions
It commonly accrues even though EMI repayment is deferred. Whether it is paid, subsidised or added to the loan depends on the sanction terms and any applicable scheme.
Later academic-year tranches are outstanding for fewer months before repayment begins, so they accrue less course-period interest than money released on day one.
Yes in this model. Serviced interest is not added to the repayment principal, so EMI begins on the original loan amount rather than a larger capitalised balance.
No. Scheme eligibility and the credited amount must be confirmed through the official portal, bank or scheme administrator. Enter only the confirmed subsidy value.
Actual disbursement dates, daily interest, rate changes, grace-period length, rounding, fees, insurance and capitalisation conventions can all change the contractual schedule.
Continue planning
