What will your education loan really cost?

Model the EMI after your course ends, and see how much moratorium-period interest quietly adds to the loan.

🎓 Your loan

Loan amount (₹)

Interest rate (% p.a.)

Repayment tenure (years)

Moratorium period — course + grace (months)

Typically course duration (e.g. 24 months for a Master's) + 6–12 months grace before EMIs start.

During moratorium

Paying the interest during your studies (even a part-time job amount) avoids it compounding into the principal.

Monthly EMI (after moratorium)

—

—Total interest paid

—Total repaid

📊 Where the interest comes from

Item	Amount
Original principal	—
Interest during moratorium	—
Principal at EMI start	—
Interest during repayment	—

ℹ️ Estimates only. Real rates depend on collateral, co-applicant income, lender (PSU banks ~9–10.5%, NBFCs like Avanse/Auxilo/HDFC Credila ~10.5–13%) and whether it's a secured or unsecured loan. Section 80E lets you deduct the full interest paid (no cap) from taxable income in India for up to 8 years — factor that into the real cost.