Get the Tata Capital App to apply for Loans & manage your account. Download Now

Blogs

SUPPORT

New Car Loan

Equipment Finance

Avail Digital Equipment Loans
up to Rs. 1 Crore

  • Attractive ROIs
  • Customizable Loan tenure

Equipment Leasing

Avail Leasing solutions
for all asset classes

  • Up to 100% financing
  • No additional collateral required

New Commercial Vehicle Financing

  • First time user
  • Retail and strategic Clients

Used Commercial Vehicle finance

  • Repurchase
  • Refinance
  • Top up
  • Balance Transfer

Calculate Education Loan EMI

Loan amount
₹75,000 ₹35,00,000
Loan duration
1 Years 6 Years
Loan duration
12 Months 72 Months
Rate of interest
%
10% p.a 19% p.a

Monthly EMI

  • Total Amount Payable

    0*

  • Total Interest Payable

    0*

Total Amount Payable

Total Interest Payable

How to use Student Loan EMI Calculator

Using a Student Loan EMI Calculator is simple.

  • Enter the loan amount as per your requirement
  • Select the loan duration
  • You can toggle between the rate of interest to see how your EMI differs basis ROI
  • After selecting the above 3 values you can see an EMI value.

How to Calculate the Educational Loans EMI?

You can calculate the Equated Monthly Installment (EMI) for an educational loan using a formula or an EMI calculator. Here’s how to do it:

EMI Calculation Formula

The EMI for an educational loan is calculated using the formula:

EMI= P x R x (1+R)^n divide by  (1+R)^n - 1

Where:

  • P = Loan amount (Principal)
  • R = Monthly interest rate (Annual interest rate divided by 12 and converted to a decimal)
  • N = Loan tenure in months

Benefits of Education Loan EMI Calculator

Benefits of Education Loan EMI Calculator

  • Easy Financial Planning: It helps you to understand the monthly commitment and plan your expenses accordingly
  • Compare Loan Options: Modify the values to compare loan options
  • Optimize Tenure: Experiment with loan tenures to find a balance between affordable EMIs and total interest cost

Blogs on Education Loan

Education Loan
Education Loan
05 December, 2024
Education Loan
Education Loan
05 December, 2024
Education Loan
Education Loan
05 December, 2024
Education Loan
Education Loan
05 December, 2024

Beware of Frauds!

For any assistance, contact our customer support