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EMI calculator

Education Loan EMI Calculator

Estimate your monthly EMI before you borrow. Adjust the amount, interest rate and tenure to see exactly what your repayment could look like.

EMI calculator

Plan your repayment before you borrow

Move the sliders to see your estimated monthly EMI. Then apply, and we'll confirm the exact terms for your profile.

Loan amount₹5,00,000
₹50K₹1 Cr
Interest rate12.0 % p.a.
8%26%
Tenure36 months
6 mo20 yr
Your estimated monthly EMI
₹16,607
36%interest
₹97,852Total interest
₹5,00,000Principal
Total payable: ₹5,97,852
Apply for this loan

*For illustration only. Your actual rate, EMI and charges depend on the loan product, eligibility and documentation, and are confirmed at sanction.

Understand your EMI

How your monthly EMI is calculated

An EMI (Equated Monthly Instalment) is the fixed amount you repay each month. It's made up of two parts that shift over the life of the loan.

What makes up an EMI

  • Principal — repayment of the amount you borrowed
  • Interest — the cost of borrowing, charged on the balance
  • Early EMIs are interest-heavy; later ones repay more principal
  • The EMI itself stays the same each month (at a fixed rate)

What changes your EMI

  • A larger loan amount raises the EMI
  • A higher interest rate raises the EMI
  • A longer tenure lowers the EMI but adds total interest
  • Part-prepayment can reduce future EMIs or tenure
Smart borrowing

Tips to keep your EMI comfortable

Borrow what you need

Match the loan to the real cost so you're not paying interest on extra funds.

Balance the tenure

A longer tenure eases the EMI but costs more interest overall — find the sweet spot.

Chase a better rate

Even a small rate difference adds up. We compare lenders to help you save.

Prepay when you can

Putting extra towards principal reduces your interest and shortens the loan.

Keep a buffer

Choose an EMI that leaves room in your monthly budget for the unexpected.

Read the terms

Check charges, prepayment rules and the schedule before you sign.

Ready when you are

Like what you see? Apply now.

Once you've found an EMI that works for you, check your eligibility and we'll confirm your exact terms.

Check your eligibility
Apply now

Turn your estimate into an offer

Share a few details and our advisors will call you back the same day to guide you through your options — clearly and honestly.

  • Same-day callback from a real advisor
  • No obligation, no hidden charges
  • Guidance on the right loan & documents

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