With the rising costs of higher education, an education loan is a valuable support system for middle-class students. Many parents opt for education loans to fund their children's higher studies, which has become increasingly essential due to the annual rise in expenses for management, engineering, and medical courses. Given these growing costs, it is often difficult for students or their parents to cover the fees entirely. Thankfully, many government and private banks, along with financial institutions, are offering education loans with ease.
The Education Loan Calculator helps you determine the monthly EMI (Equated Monthly Installment) you need to pay. To use the calculator, simply enter the loan amount, interest rate, and loan tenure. It will then calculate your monthly EMI and provide the total interest you will pay over the loan's duration.
The EMI amount depends on the loan amount, interest rate, and loan tenure. To use Jagran’s free Education Loan Calculator online input these details and click on Calculate. The Student Loan calculator will give you an accurate EMI based on your personal loan terms.
The EMI for an education loan depends on the loan amount, interest rate, and tenure. To calculate your EMI, enter these details as per your loan offer. Keep in mind that interest rates for education loans vary across banks and financial institutions, so be sure to input the rate at which your lender is offering the loan.
Once you enter all the required details into the education loan calculator and click “calculate“, you will receive the following information: