What is a Education Loan Calculator?
An education loan may accrue interest while you study. That interest can be added to principal before EMIs start.
How is it calculated?
Enter sanctioned amount, rate, course years, repayment years and whether interest is capitalized.
Formula used
Then EMI is computed on the inflated principal.
Worked example
₹15 lakh at 9% with 4 years of capitalized moratorium and 10-year repayment raises the starting principal.
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Frequently asked questions
What is a moratorium?
Course period plus typically 6–12 months after, when you may pay only interest or let it accrue.
Are education loans tax deductible?
Interest may qualify under Section 80E for a limited period. Confirm with a tax advisor.
Grow Money Calculator provides general financial calculation tools for educational and planning purposes. Results are estimates based on the information you enter and may differ from actual lender, bank or investment-product calculations. This is not a loan offer or investment advice. Read the full disclaimer.