Education Loan EMI Calculator for Study Abroad (with Moratorium)
Work out your monthly EMI and total interest for an MS abroad, including what happens to interest while you study.
Course length + grace period, usually 6–12 months after the course
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How this tool works
- The monthly instalment is EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where r is the annual rate ÷ 12 ÷ 100 and n is the number of monthly instalments. At a 0% rate it is P ÷ n.
- P is the loan outstanding when repayment starts. With a moratorium, there are three options. Interest is paid monthly, so P stays the original loan, at principal × r per month. Simple interest adds principal × annual rate × months ÷ 12. Compound adds principal × (1 + r)^months.
- Total paid is the EMI times n, plus any monthly interest paid during the moratorium. Total interest is total paid minus the original principal. Amounts are rounded to two decimals.
- The calculator covers principal and interest only. Processing fees, insurance, tax deductions and lender-specific rules, such as when interest is capitalised, are not included, so check your sanction letter.
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