Education Loan EMI Calculator 2026 — Free Online

Use our free Education Loan EMI Calculator to find your exact monthly repayment in seconds. Enter the loan amount, annual interest rate, and repayment tenure — the calculator instantly shows your monthly EMI, total interest payable, and a full amortization schedule breaking down each month's principal and interest components. This helps you compare loan offers from different banks, plan your budget before applying, and understand the true cost of borrowing. No sign-up required. Works on any device. No account needed — works entirely in your browser. Completely free with no daily limits, no watermarks, and no sign-up required. Trusted by students, freelancers, and businesses worldwide. FixFlowHub offers 120+ free browser-based tools for PDF, image, text, calculators, and more.

Frequently Asked Questions

How much education loan can I get?

Indian banks typically offer up to ₹10 lakh for domestic education and ₹20–75 lakh for overseas studies without collateral. With collateral, amounts can go higher. The actual amount depends on the institution, course, and expected salary after graduation.

When does education loan repayment start?

Education loans have a moratorium period (course duration + 6–12 months after getting a job). Repayment begins after this moratorium. Simple interest accrues during the study period; paying interest during the moratorium reduces your total repayment burden significantly.

Is education loan interest tax-deductible?

Yes — under Section 80E of the Income Tax Act in India, interest paid on an education loan is fully deductible for up to 8 years. There is no upper limit on the deduction amount, making education loans one of the most tax-efficient borrowing options available.

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