How it is calculated
The calculator uses the standard reducing-balance EMI formula. Lenders may round, charge fees or compound interest differently, so treat the result as an estimate.
EMI = P × r × (1 + r)n ÷ ((1 + r)n − 1)
P = principal repaid through EMIs
r = annual rate ÷ 12 ÷ 100
n = tenure in months
r = annual rate ÷ 12 ÷ 100
n = tenure in months
- Interest paid during moratorium: you pay P × r each month while studying. The principal stays the same, then EMIs start on P.
- Interest not paid: simple interest of P × r × months accrues and is added to the principal when repayment starts. EMIs are then calculated on that larger amount.
- Your live values: P = ₹11,00,000, r = 0.00833, n = 84 → EMI ₹18,261
Worked example
Illustrative inputs only. The 10% rate is an example, not a bank offer.
Interest paid during moratorium
₹10,00,000 · 10% · 7 years repayment · 12 months moratorium
₹16,601
per month
Total interest: ₹4,94,499
Total payable: ₹14,94,499
Interest added to the loan
₹10,00,000 · 10% · 7 years repayment · 12 months moratorium
₹18,261
per month
Total interest: ₹5,33,949
Total payable: ₹15,33,949
EMI by loan amount and tenure
Monthly EMI at your rate (10% p.a.), no moratorium. Change the rate above to update.
| Loan amount | 5 years | 7 years | 10 years | 15 years |
|---|---|---|---|---|
| ₹5,00,000 | ₹10,624 | ₹8,301 | ₹6,608 | ₹5,373 |
| ₹10,00,000 | ₹21,247 | ₹16,601 | ₹13,215 | ₹10,746 |
| ₹20,00,000 | ₹42,494 | ₹33,202 | ₹26,430 | ₹21,492 |
| ₹30,00,000 | ₹63,741 | ₹49,804 | ₹39,645 | ₹32,238 |
| ₹40,00,000 | ₹84,988 | ₹66,405 | ₹52,860 | ₹42,984 |
Frequently asked questions
No. It is an estimate from the standard formula. Banks may round figures, add processing fees or insurance, or use a different interest method. Ask your lender for the repayment schedule.