Education Loan EMI Calculator
Plan Your Academic Journey Smartly with Olyv’s Education Loan EMI Calculator
Higher education is a major milestone,and a big financial decision. Whether you're studying in India or planning to study abroad, Olyv’s Education Loan EMI Calculator helps you plan your monthly payments with ease. This free tool helps you estimate EMIs based on loan amount, interest rate, and repayment tenure ,giving you full control over your finances before you apply.
Features of Olyv’s Education Loan EMI Calculator
Features of Olyv’s Education Loan EMI Calculator
Features of Olyv’s Education Loan EMI Calculator
Real-time calculation of education loan EMIs
Flexible inputs for loan amount, tenure, and interest rate
Detailed breakup of principal vs. interest
Amortization schedule for the entire loan term
Best-in-class student loan repayment calculator India version
Free to use with unlimited access - no sign-up required
Detailed breakup of principal vs. interest
Best-in-class student loan repayment calculator India version
Free to use with unlimited access - no sign-up required
Calculate Your EMI in Seconds
Calculate Your EMI in Seconds
Calculate Your EMI in Seconds
How to Use the Education Loan EMI Calculator Online:
How to Use the Education Loan EMI Calculator Online:
How to Use the Education Loan EMI Calculator Online:
Enter your desired education loan amount (e.g., ₹10,00,000)
Enter your desired education loan amount (e.g., ₹10,00,000)
Choose the applicable interest rate (e.g., 10%)
Choose the applicable interest rate (e.g., 10%)
Select your repayment tenure (e.g., 60 months)
Select your repayment tenure (e.g., 60 months)
Instantly view: Monthly EMI Total interest payable Total repayment amount
Instantly view: Monthly EMI Total interest payable Total repayment amount
Your monthly EMI is
₹0
6% interest rate per annum
Total Interest
₹0
Total Amount
₹0
EMI Schedule
| Month | Opening Balance | Interest | Principal | Closing Balance |
|---|---|---|---|---|
| Sep '25 | ₹5,000 | ₹25 | ₹-25 | ₹5,025 |
Manual EMI Calculation Formula
Manual EMI Calculation Formula
Manual EMI Calculation Formula
If you'd like to calculate the EMI manually, here's the standard formula used:
If you'd like to calculate the EMI manually, here's the standard formula used:
If you'd like to calculate the EMI manually, here's the standard formula used:
EMI Formula: E = P × R × (1 + R)^N / [(1 + R)^N – 1]
EMI Formula: E = P × R × (1 + R)^N / [(1 + R)^N – 1]
EMI Formula: E = P × R × (1 + R)^N / [(1 + R)^N – 1]
Where:
E = EMI
P = Principal loan amount
R = Monthly interest rate (annual interest ÷ 12 ÷ 100)
N = Loan tenure in months
Where:
E = EMI
P = Principal loan amount
R = Monthly interest rate (annual interest ÷ 12 ÷ 100)
N = Loan tenure in months
Where:
E = EMI
P = Principal loan amount
R = Monthly interest rate (annual interest ÷ 12 ÷ 100)
N = Loan tenure in months
Example Calculation:
Example Calculation:
Example Calculation:
Loan Amount (P) = ₹10,00,000
Annual Interest Rate = 10.5%
Tenure (N) = 60 months
Monthly Interest Rate (R) = 10.5 ÷ 12 ÷ 100 = 0.00875
Now applying the formula:
EMI = 10,00,000 × 0.00875 × (1 + 0.00875)^60 / [(1 + 0.00875)^60 – 1] = ₹21,494
Loan Amount (P) = ₹10,00,000
Annual Interest Rate = 10.5%
Tenure (N) = 60 months
Monthly Interest Rate (R) = 10.5 ÷ 12 ÷ 100 = 0.00875
Now applying the formula:
EMI = 10,00,000 × 0.00875 × (1 + 0.00875)^60 / [(1 + 0.00875)^60 – 1] = ₹21,494
Loan Amount (P) = ₹10,00,000
Annual Interest Rate = 10.5%
Tenure (N) = 60 months
Monthly Interest Rate (R) = 10.5 ÷ 12 ÷ 100 = 0.00875
Now applying the formula:
EMI = 10,00,000 × 0.00875 × (1 + 0.00875)^60 / [(1 + 0.00875)^60 – 1] = ₹21,494
What is an Education Loan EMI Calculator?
What is an Education Loan EMI Calculator?
What is an Education
Loan EMI Calculator?
An Education Loan EMI Calculator online is a tool that shows you how much you'll repay monthly on your student loan. Whether you're applying for a government-backed education loan or a personal loan EMI calculator for students, Olyv provides accurate results in seconds. It’s ideal for pre-application planning, allowing you to adjust loan terms until you find a plan that fits your budget.
An Education Loan EMI Calculator online is a tool that shows you how much you'll repay monthly on your student loan. Whether you're applying for a government-backed education loan or a personal loan EMI calculator for students, Olyv provides accurate results in seconds. It’s ideal for pre-application planning, allowing you to adjust loan terms until you find a plan that fits your budget.
An Education Loan EMI Calculator online is a tool that shows you how much you'll repay monthly on your student loan. Whether you're applying for a government-backed education loan or a personal loan EMI calculator for students, Olyv provides accurate results in seconds. It’s ideal for pre-application planning, allowing you to adjust loan terms until you find a plan that fits your budget.
Why Use Olyv’s EMI Calculator for Education Loans?
Why Use Olyv’s EMI Calculator for Education Loans?
Why Use Olyv’s EMI Calculator for Education Loans?
Use our monthly EMI for student loan in India calculator to stay financially realistic
Explore Various Scenarios: Compare multiple interest rates and loan terms
Transparent Budgeting: Clearly see how much goes to principal vs. interest
Compare Study Abroad Loans: Use the EMI calculator for study abroad loans to see how foreign education loans will cost you
Built for Students & Parents: Whether you're applying for the loan or co-signing, it gives peace of mind
Transparent Costs: Understand how much you’re paying in interest vs. principal.
User-Friendly Interface: Works seamlessly on mobile and desktop.
Factors That Impact Your Education Loan EMI
Factors That Impact Your Education Loan EMI
Factors That Impact
Your Education Loan EMI
1. Loan Amount
1. Loan Amount
1. Loan Amount
The higher the principal, the higher the EMI. For example, a ₹10 lakh loan at 10% for 5 years results in an EMI of approx. ₹21,247.
The higher the principal, the higher the EMI. For example, a ₹10 lakh loan at 10% for 5 years results in an EMI of approx. ₹21,247.
2. Interest Rate
2. Interest Rate
2. Interest Rate
Even a 0.5% change in the interest rate can significantly affect the total cost. Use Olyv’s education loan EMI calculator with interest rate to test different options.
Even a 0.5% change in the interest rate can significantly affect the total cost. Use Olyv’s education loan EMI calculator with interest rate to test different options.
3. Tenure
3. Tenure
3. Tenure
A longer tenure reduces monthly EMI but increases total interest. Adjust the tenure in our calculator to strike the right balance.
A longer tenure reduces monthly EMI but increases total interest. Adjust the tenure in our calculator to strike the right balance.
4. Type of Loan
4. Type of Loan
4. Type of Loan
Whether you're using an education loan EMI calculator or a personal loan EMI calculator for students, the loan structure (collateral-based or not) can influence repayment.
Whether you're using an education loan EMI calculator or a personal loan EMI calculator for students, the loan structure (collateral-based or not) can influence repayment.
5. Repayment Grace Period
5. Repayment Grace Period
5. Repayment Grace Period
Some education loans offer a moratorium (payment holiday) period during your course. You can simulate post-study repayments using Olyv’s calculator.
Some education loans offer a moratorium (payment holiday) period during your course. You can simulate post-study repayments using Olyv’s calculator.
FAQs: Olyv’s Education Loan EMI Calculator
FAQs: Olyv’s Education Loan EMI Calculator
FAQs: Olyv’s Education
Loan EMI Calculator
How do I calculate EMI for an education loan?
Use Olyv’s education loan EMI calculator online by entering your loan amount, interest rate, and tenure. It displays your EMI instantly.
Can this tool be used for study abroad loans?
Is it accurate for high loan amounts like ₹20 lakh?
How can I reduce my education loan EMI?
Can parents use this tool if they're taking a personal loan for their child’s education?
How does a moratorium period affect EMIs?
Is the calculator free and accessible?
Can I compare education loans from different banks using this tool?
How do I calculate EMI for an education loan?
Use Olyv’s education loan EMI calculator online by entering your loan amount, interest rate, and tenure. It displays your EMI instantly.
Can this tool be used for study abroad loans?
Is it accurate for high loan amounts like ₹20 lakh?
How can I reduce my education loan EMI?
Can parents use this tool if they're taking a personal loan for their child’s education?
How does a moratorium period affect EMIs?
Is the calculator free and accessible?
Can I compare education loans from different banks using this tool?
How do I calculate EMI for an education loan?
Use Olyv’s education loan EMI calculator online by entering your loan amount, interest rate, and tenure. It displays your EMI instantly.
Can this tool be used for study abroad loans?
Is it accurate for high loan amounts like ₹20 lakh?
How can I reduce my education loan EMI?
Can parents use this tool if they're taking a personal loan for their child’s education?
How does a moratorium period affect EMIs?
Is the calculator free and accessible?
Can I compare education loans from different banks using this tool?
Get funds when you need it
Get funds when you need it
Get funds when
you need it
Education Loan EMI Calculator
Plan Your Academic Journey Smartly with Olyv’s Education Loan EMI Calculator
Higher education is a major milestone,and a big financial decision. Whether you're studying in India or planning to study abroad, Olyv’s Education Loan EMI Calculator helps you plan your monthly payments with ease. This free tool helps you estimate EMIs based on loan amount, interest rate, and repayment tenure ,giving you full control over your finances before you apply.
Education Loan EMI
Calculator
Plan Your Academic Journey Smartly with Olyv’s Education Loan EMI Calculator
Higher education is a major milestone,and a big financial decision. Whether you're studying in India or planning to study abroad, Olyv’s Education Loan EMI Calculator helps you plan your monthly payments with ease. This free tool helps you estimate EMIs based on loan amount, interest rate, and repayment tenure ,giving you full control over your finances before you apply.