Education Loan EMI Calculator

Calculate your education loan EMI with moratorium period and subsidy benefits

Loan Amount (₹)

Interest Rate (% p.a.)

Course Duration (Years)

Repayment Tenure (Years)

Moratorium After Course (Months)

Subsidy Eligible?

Interest During Moratorium

Your Tax Slab (%)

Education Loan Tax Benefits — Section 80E

Section 80E: Entire interest paid on education loan is deductible — NO upper limit
Eligible loans: Loans for higher education from recognized financial institutions/banks
Who can claim: The student (borrower) or a parent/guardian (if they take the loan)
Duration: Deduction available for maximum 8 years starting from the year you begin repaying
What is deductible: Only interest portion, NOT principal repayment
Education definition: Includes all fields of study pursued after Senior Secondary School (10+2)
Foreign education: Loan for studies abroad also qualifies under Section 80E
This deduction is over and above the Section 80C limit of ₹1.5 lakh

About Education Loan EMI Calculator

The Education Loan EMI Calculator computes the repayment schedule for student loans, including the moratorium period (course duration + 6-12 months) before EMI payments begin. Education loan interest rates range from 8.5% to 13.5% for domestic courses and 9.5% to 14% for international studies. The calculator shows the total interest cost, moratorium interest accumulation, and EMI structure for FY 2026-27.

Education loans from scheduled banks qualify for Section 80E deduction — the entire interest paid during the repayment period (up to 8 years from the start of repayment) is deductible from taxable income with no upper limit. For loans up to ₹7.5 lakh under the Vidyalakshmi scheme, government subsidy is available for economically weaker sections. Our calculator factors in these tax benefits and subsidies to show the effective cost of education loans.

Key Features

EMI with moratorium period calculation
Section 80E tax benefit analysis
Interest subsidy eligibility check
Domestic vs international course rates
Collateral requirement guidance

Frequently Asked Questions

Is education loan interest tax deductible?

Yes, under Section 80E of the Income Tax Act, the entire interest paid on an education loan is deductible from taxable income for up to 8 years from the year repayment begins. There is no upper limit on the deduction amount. The loan must be taken from a financial institution or approved charitable institution for higher education of self, spouse, or children.

What is the moratorium period for education loans?

The moratorium period for education loans is typically the course duration plus 6 months to 1 year after completion. During this period, the student is not required to pay EMIs. However, simple interest accrues during the moratorium on most bank loans. Some government-subsidized loans offer full interest subsidy during the moratorium for economically weaker sections.

Education Loan EMI Calculator