Education Loan EMI Calculator
— with Moratorium, for Global Studies
Use this free online education loan EMI calculator to know exactly what your monthly EMI, total interest, and repayments will be for studying abroad (USA, UK, Canada, UAE, Europe, etc.) — complete with full moratorium-period support.
Max loan supported
Cross-border lenders
No sign-up needed
International Education Loan EMI Calculator
Updates instantly as you dragThe study + grace period when you don't pay full EMIs. Interest accrues and is added to your loan.
Amortization schedule
| Period | Principal paid | Interest paid | Total payment | Balance |
|---|---|---|---|---|
| Year 1 | $5,461 | $4,040 | $9,502 | $44,539 |
| Year 2 | $5,944 | $3,558 | $9,502 | $38,594 |
| Year 3 | $6,470 | $3,032 | $9,502 | $32,125 |
| Year 4 | $7,041 | $2,460 | $9,502 | $25,083 |
| Year 5 | $7,664 | $1,838 | $9,502 | $17,420 |
| Year 6 | $8,341 | $1,161 | $9,502 | $9,078 |
| Year 7 | $9,078 | $423 | $9,502 | $0 |
Early instalments are interest-heavy; principal repayment accelerates over time. Prepaying reduces total interest.
How to use the EMI calculator
No spreadsheets, no guesswork. This online EMI calculator works for international programs — move three sliders and your full repayment picture appears instantly.
Enter your loan amount
Type the amount you plan to borrow in USD, or drag the slider — from $5,000 to $250,000 for your studies abroad.
Set the interest rate & tenure
Use the rate offered by your international lender and choose a repayment period from 1 to 15 years.
Read your EMI & schedule
See your monthly EMI, total interest, principal-vs-interest split, and a full amortization schedule.
Why a moratorium changes everything
For student loans, you typically don't pay full EMIs while studying. But interest still builds up during this moratorium period and gets added to your loan balance.
Toggle "Add a moratorium period" in the calculator to evaluate the real impact on your post-study budgets.
Indicative international loan rates
Snapshot of indicative interest rates across major international and regional lenders for studying abroad. Use them as a starting point in the calculator.
| Lender | Indicative Rate (p.a.) | Max Loan | Collateral | Best For |
|---|---|---|---|---|
SBI State Bank of India | 8.05% – 11.15% | ₹1.5 Cr | Secured | Lowest rates, govt. backing |
BoB Bank of Baroda | 8.70% – 11.40% | ₹1.5 Cr | Secured | Premier abroad institutes |
HC HDFC Credila | 9.95% – 13.50% | No upper cap | Optional | Fast NBFC sanction |
AV Avanse Financial | 10.50% – 15.00% | No upper cap | Optional | Without-collateral abroad |
AX Axis Bank | 10.50% – 15.00% | ₹75 L | Optional | Quick digital process |
IC ICICI Bank | 9.00% – 13.00% | ₹1-3 Cr | Secured | Flexible repayment |
PB Prodigy / Intl. lenders | 9.66% – 15.00% | Course-based | No collateral | STEM masters abroad |
Rates shown are indicative starting ranges and are subject to change based on benchmark rates (like SOFR). Actual terms depend on your profile, course, country of study, and co-signer. Always confirm current offers directly with lenders before finalizing.
Frequently asked questions
Everything students ask us about international education loan EMIs, moratoriums, and repayment.
EMI is calculated using the formula EMI = P × r × (1+r)ⁿ / ((1+r)ⁿ − 1), where P is the principal, r is the monthly interest rate (annual ÷ 12 ÷ 100) and n is the number of monthly instalments. Our calculator applies this automatically and also accounts for the moratorium period if you enable it.
A moratorium (repayment holiday) covers your course duration plus typically 6–12 months after. You dont pay EMIs during this time, but simple interest usually accrues and is added to your loan. Paying at least the interest during the moratorium meaningfully reduces your total cost.
Yes. Most lenders allow part-prepayment and foreclosure, usually with no penalty on floating-rate education loans. Prepaying early reduces total interest because you clear the principal sooner. Use the schedule above to see how the balance falls over time.
Rates in India typically range from about 8.5% to 15% p.a., depending on the lender, whether the loan is secured or unsecured, your course and country, and your co-applicants profile. See the comparison table above for indicative lender rates.
Yes. Under Section 80E of the Income Tax Act, the interest paid on an education loan is fully deductible from your taxable income for up to 8 years, with no upper limit on the interest amount. The principal portion is not deductible.
No — it's an accurate estimate based on your inputs. Your actual EMI depends on the final sanctioned amount, the lender's rate, processing fees and moratorium terms. Talk to a CollegeSathi counsellor for a personalised quote.
When you enable the moratorium, the calculator works out the simple interest that accrues during your course plus the grace months. If you choose not to service it, that interest is added to your principal (capitalised) before EMIs begin, so your EMI is calculated on the higher balance. If you opt to pay interest during study, the principal stays unchanged and your EMI is lower.
Yes. It supports loan amounts from ₹50,000 up to ₹1.5 crore and tenures up to 15 years, which covers both domestic education loans and larger study-abroad loans for the USA, UK, Canada, Australia and Europe. Just enter your lender's rate — abroad loans usually carry slightly higher rates and longer moratoriums.
Completely free, with no sign-up or login. You can calculate your education loan EMI online as many times as you like, adjust the loan amount, interest rate, tenure and moratorium, and view a full amortization schedule instantly.
Now you know the cost — let's find the right university.
Your EMI is just one part of the equation. CollegeSathi counselors match you to global universities that fit your budget, scores, and goals — for free.
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