Education Loan Calculator - EMI + Section 80E Interest Deduction
Estimate EMI after moratorium, total interest outgo, and tax savings from Section 80E to understand your effective education-loan cost.
Updated: April 2026·By Rajat
Loan Inputs
₹
₹
6.0%18.0%
0 months60 months
1 years20 years
Education Loan Projection
EMI
₹24,191.00
Post-moratorium
Principal at Repayment Start
₹18.31 L
After moratorium accrual
Total Interest
₹10.72 L
Total Payment
₹29.03 L
80E Eligible Interest
₹10.16 L
Up to 8 years
Estimated Tax Saved
₹1.52 L
Effective Net Interest Rate
5.03%
After tax saving
Year-wise Amortization + 80E View
| Year | Interest | Principal | 80E Interest | Tax Saved | Closing |
|---|---|---|---|---|---|
| Year 1 | ₹1,78,004 | ₹1,12,292 | ₹1,78,004 | ₹26,701 | ₹17,18,295 |
| Year 2 | ₹1,66,246 | ₹1,24,050 | ₹1,66,246 | ₹24,937 | ₹15,94,245 |
| Year 3 | ₹1,53,256 | ₹1,37,040 | ₹1,53,256 | ₹22,988 | ₹14,57,205 |
| Year 4 | ₹1,38,907 | ₹1,51,389 | ₹1,38,907 | ₹20,836 | ₹13,05,816 |
| Year 5 | ₹1,23,054 | ₹1,67,242 | ₹1,23,054 | ₹18,458 | ₹11,38,574 |
| Year 6 | ₹1,05,542 | ₹1,84,754 | ₹1,05,542 | ₹15,831 | ₹9,53,820 |
| Year 7 | ₹86,196 | ₹2,04,100 | ₹86,196 | ₹12,929 | ₹7,49,719 |
| Year 8 | ₹64,824 | ₹2,25,472 | ₹64,824 | ₹9,724 | ₹5,24,247 |
| Year 9 | ₹41,214 | ₹2,49,082 | ₹0 | ₹0 | ₹2,75,165 |
| Year 10 | ₹15,131 | ₹2,75,165 | ₹0 | ₹0 | ₹0 |