Student Loan Calculator
Calculate your monthly payments, total interest, and total repayment for your education loan.
What is a Student Loan Calculator?
A student loan calculator helps you estimate your monthly EMI, interest payable, and total repayment amount based on the loan amount, interest rate, and repayment period.
How It Works
- Enter the loan amount you plan to borrow for your education.
- Specify the annual interest rate offered by your bank/lender.
- Choose the repayment period and any grace period post-graduation.
- Get monthly EMI, total interest and total repayment details instantly.
Frequently Asked Questions (FAQs)
What is a grace period in student loans?
A grace period is the time after graduation before you have to start repaying your loan. Interest may still accrue during this time.
How is EMI calculated for student loans?
EMI is calculated using the loan amount, interest rate, and loan tenure using the standard EMI formula.
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