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BAJAJ FINSERV DIRECT LIMITED

Education Loan EMI Calculator

Gaining a clear understanding of your education loan EMIs is crucial for managing your finances

Your Education Loan EMI

₹ 6,334

Total Interest Amount

₹ 260,055

Principal Amount

₹ 5,00,000

Total Payable Amount

₹ 7,60,055

Loan Amount

Interest Rate

- +

Tenure

- +

Calculate Now

You can also make instant comparisons between loan offers from multiple Education Loan providers on Bajaj Markets.

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Year	EMI	Principal	Interest	Balance

How to Calculate EMI for Education Loan?

On Bajaj Markets, you can compute the monthly instalment you are liable to pay with the help of an Education Loan EMI calculator. Simply enter the principal loan amount, interest rate, and tenure of your loan in this easy-to-use digital tool. The calculator instantly calculates the EMI amount and also provides an amortisation schedule which can help you plan your budget and prepayment strategy.

Disclaimer

The calculation results are based on the values you enter in the calculator. Your EMI amount (including the actual interest amount charged) will depend on the prevailing rates. The results are neither certified nor guaranteed. The repayment schedule presented is for illustration purposes. Confirm the values with your lender before applying for an education loan.

Frequently Asked Questions

Education Loan EMI Calculator

How is the EMI of an education loan calculated?

Education loan EMIs are calculated using the formula: EMI = [P * r * (1 + r)^n] / [(1 + r)^n – 1].

Here:

P is the loan amount
r is the interest rate
n is the tenure

You also can use an online education loan EMI calculator available on Bajaj Markets and compute the instalments faster and more accurately.

How does the student loan EMI calculator help me compare loan offers?

The EMI calculator allows you to input different loan amounts, interest rates, and tenures, providing instant comparisons of EMIs.This can help you review and choose an offer that suits your finances.

What is an education loan amortisation schedule?

An education loan amortisation schedule is a detailed table that outlines each EMI's breakup, showing the principal and interest components. This assists in keeping track of your repayment progress and plan prepayments.