How this works
This uses the same reducing-balance EMI formula as other loans — it doesn't model a moratorium period (many education loans let you skip payments or pay interest-only while studying), so enter your rate and repayment tenure starting from when regular EMIs actually begin, not from the loan's start date.
Common questions
What about the moratorium period during my studies?
This calculator doesn't build one in — it assumes EMI payments start immediately. If your loan has a moratorium (interest-only or payment-free while studying), your actual EMI period is shorter than the full loan tenure, so use just the repayment-phase years here.
Does interest accrue during the moratorium?
That depends on your lender — some capitalize the accrued interest into the principal once repayment starts, which this calculator doesn't factor in; check your loan terms and add any capitalized interest to the loan amount if that applies to you.