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Education Loan EMI Calculator

Gaining a clear understanding of your education loan EMIs is crucial for managing your finances and planning your budget effectively. Bajaj Markets provides an easy-to-use education loan EMI calculator that simplifies the process. This tool removes the need for manual calculations, saving you time and avoiding potential errors.

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By entering details like the loan amount, term, and interest rate, the calculator instantly provides your EMI figure, using a precise formula. It also allows you to compare different loan options from various lenders and access an amortisation schedule to help you organize and track your repayment plan.

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Your Education Loan EMI
₹ 6,334
Total Interest Amount
₹ 260,055
Principal Amount
₹ 500,000
Total Payable Amount
₹ 760,055
Loan Amount i
Interest Rate
- +
Min value reached
Max value reached
Tenure
Months drop-down-img
  • Years
- +
Min value reached
Max value reached
Check Offer

You can also make instant comparisons between loan offers from multiple Education Loan providers on Bajaj Markets.

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Furthermore, you can gain deeper insights into your loan instalments with the free amortisation schedule, which is provided with each calculation. 

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On Bajaj Markets, you can compute the monthly instalment you are liable to pay with the help of an Education Loan EMI calculator. Simply enter the principal loan amount, interest rate, and tenure of your loan in this easy-to-use digital tool. The calculator instantly calculates the EMI amount and also provides an amortisation schedule which can help you plan your budget and prepayment strategy.

The calculation results are based on the values you enter in the calculator. Your EMI amount (including the actual interest amount charged) will depend on the prevailing rates. The results are neither certified nor guaranteed. The repayment schedule presented is for illustration purposes. Confirm the values with your lender before applying for an education loan.

Frequently Asked Questions

Education Loan EMI Calculator
How is the EMI of an education loan calculated?

Education loan EMIs are calculated using the formula: EMI = [P * r * (1 + r)^n] / [(1 + r)^n – 1]. 

Here:

  • P is the loan amount

  • r is the interest rate

  • n is the tenure


You also can use an online education loan EMI calculator available on Bajaj Markets and compute the instalments faster and more accurately. 

The EMI calculator allows you to input different loan amounts, interest rates, and tenures, providing instant comparisons of EMIs.This can help you review and choose an offer that suits your finances.

An education loan amortisation schedule is a detailed table that outlines each EMI's breakup, showing the principal and interest components. This assists in keeping track of your repayment progress and plan prepayments.

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