Education Loan EMI Calculator & Analysis

Calculate your monthly EMI, total payment, total interest and repayment schedule using flexible options

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Our team of experts curated the Education Loan EMI Calculator by Abroad Cube to ease the complex calculation process and give you an overview of your Education Loan. Our calculator is designed with many customizations, including a grace period, course duration, and repayment methods. Moving forward, we will continue to add more customizations to enhance the user experience.

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How Education Loan monthly EMI calculated?

The Education Loan EMI is calculated based on the total loan amount, course duration, grace period, interest rate, and loan tenure. You have to enter basic details in the Education Loan Calculator above, and the EMI will be calculated immediately using mathematical formulas.

EMI = P * r * (1 + r)^n / ((1 + r)^n - 1), where P is the total loan amount, r is the monthly interest, and n is the total duration in months.

By customizing your repayment method or negotiating an Interest Rate, you can save lakhs of rupees on the Long-Term Education Loan. 

Lender-Wise Education Loan EMI Calculation

Our Education Loan EMI Calculator is best for EMI Calculations of SBI Bank, ICICI Bank, Bank of Baroda, Axis Bank, Yes Bank, HDFC Credila, Auxilo, InCred, etc. We provide detailed analysis and quick calculation of complex formulas at ease.

You can use our EMI calculator for enhanced experience and more detailed calculations to calculate your EMI for the Union Bank Education Loan. They have a common EMI calculator, which might not provide thorough analysis, and you have to spend some time making calculations.

You can calculate EMI using the IDFC First Bank Education Loan EMI Calculator by entering your disbursed amount, interest rate, course duration, loan tenure, and repayment method. However, it lacks the option of customized partial payment in the Repayment Method and does not allow you to preview the Repayment Schedule. Our Calculator helps you customize your repayment types, add your moratorium period, calculate total EMI, and view your repayment schedule.  

Avanse Education Loan EMI Calculator offers basic EMI calculation using loan amount, interest rate and Loan tenure. For more convenience and customized calculations, use our Education Loan EMI calculator and get a deep analysis of your Loan.

The Tata Capital Education Loan EMI Calculator has basic features for calculating your Loan EMI based on Loan Amount, Duration, and Interest rate. It has no customization options for Education Loans, such as Repayment Types and Moratorium periods. Our Calculator helps you customize your repayment types, add your moratorium period, and view your repayment schedule.

Education Loan Amortization Schedule

The amortization schedule is usually presented in table format to help understand the repayment components of a Loan. Likewise, the Education Loan Amortization Schedule has an EMI Number, EMI Payment, Interest amount, Principal amount, and outstanding balance. Our calculator has the built-in functionality to generate the amortization schedule to help you understand your repayment of the education loan with a simple click. It has the power to make a schedule based on your repayment method, such as Full EMI, Simple Interest, or Partial Interest.

Our Calculator is designed with the utmost care. Still, there is a chance of miscalculation in particular scenarios. You are recommended to refer to the specific lender for the correct calculation, and this should be used for reference purposes only.

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Open the Abroad Cube Education Loan Calculator, fill in your Loan Amount, Interest Rate, Loan Tenure, and other customization options, and get an instant overview of your Education Loan.

Yes, you can calculate using the EMI formula. However, it might be cumbersome if you don't love complex mathematics. EMI = P * r * (1 + r)^n / ((1 + r)^n - 1), where P is the total loan amount, r is the monthly interest, and n is the total duration in months.

No, most lenders use the same calculation formula regarding Education Loan EMI. However, the calculation may vary based on the Loan Offer and customizable options.
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