Education Loan Calculator India — FY 2025-26
Calculate monthly repayments and total interest for a student or education loan. For India. Uses current FY 2025-26 data.
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Total education loan amount
Common questions — India
What is a moratorium period?
The moratorium is the period during your course + a grace period after graduation when you don't have to make repayments. However, interest usually continues to accrue, which means your outstanding balance grows.
Can I pay interest during the moratorium to reduce my balance?
Yes, and it's worth doing if you can. Paying the interest-only portion during study prevents your balance from ballooning before repayment begins.
Is education loan interest tax-deductible?
In India: yes, interest paid on education loans is deductible under Section 80E with no upper limit, for up to 8 years. In the US: student loan interest may be partially deductible up to $2,500/year subject to income limits.
What if I can't repay after graduation?
Contact your bank before missing a payment. Most lenders offer restructuring or extended moratorium for graduates who are still job-seeking. Defaulting damages your credit score significantly and can affect your family if a co-borrower was involved.
Should I take a private education loan or a government-subsidised one?
Always exhaust government-backed options first (like in India: Central Sector Scheme of Scholarships, or in US: federal student loans). These have lower rates, income-driven repayment options, and forgiveness programs.