Education Loan Planner
Plan the true cost of an education loan — including moratorium interest.
Borrow ₹20 lakh at 10.5% with a 4.5-year course-plus-grace period, and about ₹9–10 lakh of interest silently accrues before your first EMI — your ₹20 lakh loan becomes nearly ₹30 lakh owed. Paying just the interest during the moratorium prevents this ballooning.
How to use the education loan planner
- Enter total course and living costs.
- Set the moratorium period and interest rate.
- See the true repayable amount and post-study EMI.
Education Loan Planner — FAQs
What is a moratorium period?
The study duration plus 6–12 months after, when EMIs aren’t mandatory. Interest still accrues — it gets added to what you owe unless you service it.
Should I pay interest during the moratorium?
If you can, yes. Even small payments stop the loan from compounding against you, saving lakhs over the tenure.
How much can I borrow without collateral?
Up to ₹7.5 lakh typically needs no security. Higher amounts need collateral or a creditworthy co-borrower.
Are education loans available for abroad?
Yes — most banks fund foreign universities too, usually at slightly higher rates and with stricter collateral norms.
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