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Education Loan EMI Calculator

Tools and Calculators

  • EMI Calculator
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What is an Education Loan EMI Calculator?

Education Loan EMI calculator helps you to understand the EMI that you will pay towards the principal payments and interest payment over the loan tenure. Use the EMI calculator to know how much money you can pay monthly over a course of time to repay your student loan. With the help of our education loan EMI calculator, you can plan your monthly installments and conveniently pay off the loan.

What does an Education Loan EMI Stand for?

EMI stands for Equated Monthly Installments. It is the payment that you give for any education loan undertaken for a fixed tenure to pay off the loan. You can take any time between 12 to 84 months to repay your loan with TATA Capital. Your EMI will include principal and interest payments made every month towards the repayment of the loan. Though the amount of EMI does not change, the percentage of principal & interest will change month on month.

How to calculate your Education Loan EMI using a calculator?

Enter the following information to calculate your EMI:

  • Education Loan Amount (the loan amount you wish to get)
  • Interest Rate (Tata Capital ‘s Education Loan interest rate begins at 10.99%)
  • Loan Tenure (Tata Capital offers 12 -72 months of time)
  • Click the Calculate button. The system shows your EMI monthly break-up of both the interest and principal payment.
  • If the Education Loan EMI is higher or lower than you want to pay, edit the principal amount and follow the same steps from 2 to 4.

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