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An EMI calculator for a Personal Loan for Education 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 loan. With the help of EMI calculator, you can plan your monthly instalments and conveniently pay off the loan.
Pre-payment of a Education loan involves repaying a large instalment of your loan before the due date. The Education Loan pre-payment calculator allows you to assess the effect of such early loan repayments on your finances including your resultant EMI, tenor etc.
EMI stands for Equated Monthly Instalments. 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.
Enter the following information to calculate your EMI:
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