Education Loan Calculator

Discover how an undergraduate education loan can support your education and help you save while you’re still in school. Use this calculator to estimate your potential savings.

Education Loan Calculator
Reset

Fill in your assumed loan details below to know your estimated savings.

₹
1 Lakh4 Crores
%
9 %20 %
16
Years
120
Repayment Mode*

*Complete Interest & Partial Interest is EMI to be paid during the study period only. Post that complete EMI has to be paid which includes both principal and interest component.

Loan Type

Simple EMI Calculator Reset

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Your Result
Reset

Study Period Repayment (Monthly)

₹0

EMI

₹0

Effective Rate of Interest *

*Effective rate of Interest is derived after incorporating maximum annual tax savings and dollar CAGR as observed over the past decade

0%

Income Tax Savings (maximum)*

*Total Income Tax Savings (maximum) is subject to old tax regime and indicates max. possible income tax savings under section 80E for complete loan period.

₹0

Secured vs Unsecured Cashflow Savings*

*Secured vs. Unsecured Cashflow Savings is due to the relaxation of interest rate of secured over unsecured loan for complete loan period.

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*These are tentative calculations, Click here to read more details on this calculator

*View details of section 80E of Income Tax Act, 1961

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FAQs

Don’t know where to start? We are here to help.

An undergraduate education loan calculator helps you estimate your future loan payments based on how much you borrow, your interest rate, and your repayment term. It gives you a clearer idea of what to expect financially after graduation.

The calculator provides an estimate based on the information you enter. Actual loan terms may vary depending on your profile, repayment option, and changes in interest rates.

Using a calculator helps you make smarter financial decisions. It shows you what your monthly payments might look like and helps you plan your future budget while you're still in school, especially in the case of an undergraduate student.

No. The calculator only estimates your education loan payments. Costs related to visa applications or immigration fees are not included and should be considered separately

The calculator estimates the maximum income tax savings and overall cashflow savings owing to Section 80E, and opting for a secured loan respectively. This factors in the entire saving during the tenure of the education loan as input by the customer.

The calculator estimates the effective rate of interest being borne by the customer after taking into consideration the income tax savings due to Section 80E and savings due to CAGR of Dollar appreciation over the past decade.

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