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Calculate Student Loan EMI

Loan amount
₹75,000 ₹35,00,000
Loan duration
1 Years 6 Years
Loan duration
12 Months 72 Months
Rate of interest
%
10% p.a 19% p.a

Monthly EMI

  • Total Amount Payable

    0*

  • Total Interest Payable

    0*

Total Amount Payable

Total Interest Payable

How to use Student Loan EMI Calculator

Using a Student Loan EMI Calculator is simple.

  • Enter the loan amount as per your requirement
  • Select the loan duration
  • You can toggle between the rate of interest to see how your EMI differs basis ROI
  • After selecting the above 3 values you can see an EMI value.

How to Calculate the Educational Loans EMI?

You can calculate the Equated Monthly Installment (EMI) for an educational loan using a formula or an EMI calculator. Here’s how to do it:

EMI Calculation Formula

The EMI for an educational loan is calculated using the formula:

EMI= P x R x (1+R)^n divide by  (1+R)^n - 1

Where:

  • P = Loan amount (Principal)
  • R = Monthly interest rate (Annual interest rate divided by 12 and converted to a decimal)
  • N = Loan tenure in months

Benefits of Education Loan EMI Calculator

Benefits of Education Loan EMI Calculator

  • Easy Financial Planning: It helps you to understand the monthly commitment and plan your expenses accordingly
  • Compare Loan Options: Modify the values to compare loan options
  • Optimize Tenure: Experiment with loan tenures to find a balance between affordable EMIs and total interest cost

Blogs on Education Loan

Education Loan
Education Loan
05 December, 2024

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