Education Loan EMI Calculator (Oct 2026)
Calculate the monthly EMI, total interest and repayment schedule for any education loan. Defaults use 9.5% for 10 years; change them to match your offer.
Education Loan EMI for common amounts
| Loan amount | EMI (9.5%, 10 yr) | Total interest | |
|---|---|---|---|
| ₹5 Lakh | ₹6,470 | ₹2,76,385 | All rates |
| ₹10 Lakh | ₹12,940 | ₹5,52,771 | All rates |
| ₹15 Lakh | ₹19,410 | ₹8,29,156 | All rates |
| ₹20 Lakh | ₹25,880 | ₹11,05,541 | All rates |
| ₹30 Lakh | ₹38,819 | ₹16,58,312 | All rates |
| ₹40 Lakh | ₹51,759 | ₹22,11,083 | All rates |
| ₹50 Lakh | ₹64,699 | ₹27,63,853 | All rates |
Education loan rates currently range roughly 8.5–12.5% p.a. depending on the bank, the institution and whether there is collateral.
Frequently asked questions
What is the current education loan interest rate?
Education loan rates currently range roughly 8.5–12.5% p.a. depending on the bank, the institution and whether there is collateral. Your exact rate depends on credit score, income, employer and the lender.
What is the maximum tenure for a education loan?
Lenders typically offer up to 15 years for a education loan. A longer tenure lowers the EMI but increases total interest.
Does prepaying reduce my EMI?
Part-prepayment reduces the outstanding principal. You can usually choose to keep the EMI and shorten the tenure (saves the most interest) or keep the tenure and lower the EMI. Floating-rate loans to individuals carry no prepayment penalty under RBI rules.