Calculate EMI and total repayment for education/student loans in India.
| Loan Amount | — |
| Interest During Study + Moratorium | — |
| Outstanding at Repayment Start | — |
| Monthly EMI | — |
| Total Interest Paid | — |
| Total Amount Repaid | — |
Education loans in India cover tuition fees, hostel, books, and other study expenses. Most banks offer loans up to ₹50 lakh for India studies and ₹1 crore for abroad. Interest is charged during the course period; repayment starts after a moratorium period.
Under Section 80E of Income Tax Act, entire interest paid on education loan is deductible from taxable income for up to 8 assessment years. This applies only to the old tax regime.
Q: Is collateral required for education loans?
A: For loans up to ₹4 lakh — no collateral. ₹4-7.5 lakh — third-party guarantor needed. Above ₹7.5 lakh — tangible collateral required.
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