Calculate education loan EMI and total repayment. Plan your student loan finances for undergraduate, postgraduate or overseas education.
Monthly EMI
₹33,202
Total Interest
₹7.89 L
Total Payment
₹27.89 L
Tenure
84 months
Principal vs Interest
Personalised EMI for ₹20.0L over 84 months. Rates as of May 2025.
| Bank / NBFC | Interest Rate | Your EMIat starting rate | Monthly Savings | |
|---|---|---|---|---|
PNB PNB Saraswati BESTup to 11% | 8.40%p.a. | ₹31,572/month | + ₹3,200/mo₹2.7L total | Apply |
SBI State Bank of Indiaup to 11.65% | 8.55%p.a. | ₹31,723/month | + ₹3,050/mo₹2.6L total | Apply |
BoB Bank of Barodaup to 11.45% | 8.55%p.a. | ₹31,723/month | + ₹3,050/mo₹2.6L total | Apply |
HDF HDFC Credilaup to 12.5% | 10.50%p.a. | ₹33,721/month | + ₹1,052/mo₹88,332 total | Apply |
AVN Avanse Financialup to 14% | 11.00%p.a. | ₹34,245/month | + ₹528/mo₹44,356 total | Apply |
AUX Auxiloup to 14% | 11.00%p.a. | ₹34,245/month | + ₹528/mo₹44,356 total | Apply |
INC InCredup to 14% | 11.50%p.a. | ₹34,773/month | Lowest Rate 🏆 | Apply |
Rates shown are indicative starting rates (best-case, salaried applicants). Actual rate depends on credit score & eligibility. Affiliate links — we may earn a commission at no cost to you.
Compare all 50+ banksPersonalised EMI for ₹20.0L over 84 months. Rates as of May 2025.
| Bank / NBFC | Interest Rate | Your EMIat starting rate | Monthly Savings | |
|---|---|---|---|---|
PNB PNB Saraswati BESTup to 11% | 8.40%p.a. | ₹31,572/month | + ₹3,200/mo₹2.7L total | Apply |
SBI State Bank of Indiaup to 11.65% | 8.55%p.a. | ₹31,723/month | + ₹3,050/mo₹2.6L total | Apply |
BoB Bank of Barodaup to 11.45% | 8.55%p.a. | ₹31,723/month | + ₹3,050/mo₹2.6L total | Apply |
HDF HDFC Credilaup to 12.5% | 10.50%p.a. | ₹33,721/month | + ₹1,052/mo₹88,332 total | Apply |
AVN Avanse Financialup to 14% | 11.00%p.a. | ₹34,245/month | + ₹528/mo₹44,356 total | Apply |
AUX Auxiloup to 14% | 11.00%p.a. | ₹34,245/month | + ₹528/mo₹44,356 total | Apply |
INC InCredup to 14% | 11.50%p.a. | ₹34,773/month | Lowest Rate 🏆 | Apply |
Rates shown are indicative starting rates (best-case, salaried applicants). Actual rate depends on credit score & eligibility. Affiliate links — we may earn a commission at no cost to you.
Compare all 50+ banksEducation loan rates range from 8�13% for top colleges and overseas. Government schemes (Vidya Lakshmi) offer subsidised rates. IIT/IIM students may get lower rates due to high placement prospects.
Most banks offer a moratorium period (course duration + 6 months to 1 year after job) during which only simple interest accrues. EMI repayment begins after the moratorium period.
Yes. Under Section 80E, the entire interest paid on education loan is deductible for 8 years (starting from the year repayment begins). There is no upper limit on this deduction.
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