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Our education loan EMI calculator helps determine the monthly payments before applying. You input basic details like loan amount, interest rate and duration to receive exact repayment figures. This online tool makes financial planning simple by showing you clear monthly commitments for your education loan. The education loan interest calculator displays your complete repayment schedule including the interest breakdown. You see the total amount you'll repay over time which helps you make informed decisions about your loan terms.
Getting started with the education loan EMI calculator takes just minutes. Follow these simple steps to plan your education financing.
Type in the amount you need to borrow for your education
Choose how long you want to repay your loan
Add the interest rate offered to you on our calculator
See your monthly EMI amount total interest payable
Make smarter financial choices with our education loan EMI calculator. Here's what makes this tool valuable for your education planning.
You can view your complete loan expenses. That might include your principal amount, interest and monthly payments. We do not have any hidden surprises.
You can try different combinations of loan amounts and interest rates. This way, you can find the most comfortable repayment solution within your budget from us.
Skip manual calculations and paperwork with our solution. We can offer instant, accurate results that help you make quick decisions about your education financing.
How to calculate EMI for personal loan? The formula looks complex but our calculator handles everything automatically.
| EMI is | Equated Monthly Instalment |
| P is | Principal loan amount |
| R is | Monthly interest rate (annual rate ÷ 12) |
| N is | Total number of months |
For a ₹1,00,000 loan at 12% interest for 12 months:
Monthly EMI = ₹8,884
Total Interest = ₹6,608
Total Repayment = ₹1,06,608
Understanding what influences your EMI helps you make better borrowing decisions. Here are the key factors that impact your monthly payments.
Selecting a higher loan amount will increase the EMI. So, consider borrowing what you need for your education to keep monthly payments more manageable.
A low interest rate will reduce your monthly payments. So, comparing different rates is the best way. Then, you need to check whether you qualify for better rates.
Longer loan tenures reduce your monthly EMI but increase the total interest paid. Choose a balanced tenure that suits your income potential.
If it is your first time to borrow an education loan, it is best if you consider these tips to manage your monthly payments. We think the following tips will help you in the long run –
Start Repaying Early:
Begin paying your EMIs while studying (if possible). Even small payments during your course reduce your overall interest burden significantly. You need to consider early repayment because it helps you in the future.
Set Up Auto-Payments:
Auto repayments are the best way to make payments early without forgetting about your personal financial responsibilities. Arrange automatic EMI deductions from your account. This prevents missed payments and helps maintain a good credit score.
Monitor Interest Changes:
Interest rates may change from one month to another. So, you must keep track of the interest rate changes from time to time. Understanding rate changes helps you adjust your budget accordingly.
Create an Emergency Fund:
An emergency fund is the best way to reduce the financial risks when certain medical emergencies occur. So, it is best to save three to six months of EMIs as a backup. This fund protects you during unexpected financial challenges.
Consider Part-Time Work:
Passive income can give you an additional income source to ensure you keep the right balance between your income & expenditure. So, you must look for part-time opportunities during your studies. Extra income can help manage EMIs more comfortably.
Education loan tenures typically range from 5 to 15 years (depending on the course and loan amount). Professional courses often qualify for longer repayment periods. We suggest choosing a tenure between 24 and 36 months (as this range typically offers the most competitive interest rates and keeps your overall costs lower). Your monthly payments stay manageable while you clear your loan faster.
Our calculator makes it easy for you to try out different scenarios for your education loan. You can calculate EMIs for different loan amounts and terms. Try calculating EMIs for different loan amounts to find your balance between comfortable monthly payments and total loan cost.
You stay in control of your repayment journey. Want to pay extra when you have spare funds? Just read your loan agreement to know the details about early payments.
Your credit score matters to us. Regular EMI payments keep it healthy and open doors for future opportunities. If you ever face payment troubles, talk to us first. We'll work together to find solutions that protect your financial future. Contact us immediately if you are having difficulties paying.
Our education loan EMI calculator provides precise calculations based on current rates. Results match actual EMIs subject to final loan approval terms.
Our calculator puts you in control of finding your ideal repayment plan. You can experiment with various loan durations. But try shorter tenures for lower total interest costs or longer ones for smaller monthly payments. This helps you pick a repayment schedule that perfectly matches your financial situation.
The calculator shows you EMI calculations based on today's interest rates. We want you to feel confident about your loan choices. You'll see how interest rates affect your monthly payments right away. If rates change in the market – your EMIs might adjust, but don't worry – we explain everything upfront. Our experts guide you through floating rates so you know exactly what to expect.
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Our services reach customers in major cities across India:
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Unifinz Capital India Limited is a Non Banking Finance Company (NBFC) registered with the Reserve Bank of India (RBI). lendingplate is the brand name under which the company conducts its lending operations and specialises in meeting customer’s instant financial needs.
