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Education Loan Repayment Calculator

Work out education loan repayment instantly with clear inputs, formula shown and shareable results.

About Education Loan Repayment Calculator

Education loans usually allow no payments while studying, but interest accrues and is capitalised at the end of the grace period. Repayment then starts from that larger balance, which is why servicing interest during the course saves a great deal.

Formula

Capitalise then amortise

Balance = P(1+r)^k; EMI = PMT(Balance, r, n)

k
Moratorium months

Worked example

With the default values below, Education Loan Repayment Calculator returns EMI After The Moratorium of $32,398.69. Change any input above and every figure here is recalculated in your browser.

Inputs used

Loan Disbursedminimum 0
1,500,000
Annual Interest Rateaccepts 0–100 %
10.5 %
Course Plus Grace Periodaccepts 0–96
54
Repayment Period In Yearsaccepts 1–20
10

Results

EMI After The Moratorium
$32,398.69
Balance When Repayment Starts
$2,401,059.03
Total Interest Paid
$2,387,842.70
Total Amount Repaid
$3,887,842.70

Step by step

  1. 1Values used
  2. 2Capitalise then amortise
  3. 3EMI After The Moratorium= 32,398.69
  4. 4Balance When Repayment Starts= 2,401,059.03
  5. 5Total Interest Paid= 2,387,842.70
  6. 6Total Amount Repaid= 3,887,842.70

Assumptions and limits

  • The result is derived only from the 4 inputs listed above. Anything not among them is not part of the calculation.
  • In particular, this calculator does not take inflation, tax or fees or charges into account.
  • Figures are rounded for display to 2 decimal places, so totals built from several rounded parts can differ slightly from the unrounded arithmetic.
  • Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.
  • This is an estimate for general information and not professional financial, tax or legal advice. See the full disclaimer for the limits that apply to this kind of calculator.

How these calculators are built and tested is described on the Methodology page. If a figure looks wrong, please report it.

Figures are estimates. Lenders apply their own rounding, fees and eligibility rules, and rates change. This is not financial advice — confirm the numbers with your lender.

Frequently Asked Questions

Should interest be paid during the course?

If affordable, yes. It stops capitalisation and can cut total repayment by a large margin on a long moratorium.

Is the interest tax deductible?

In several jurisdictions interest on qualifying education loans is deductible for a limited number of years — check local rules.

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