EasyShiksha × UniCreds education loans
Education loan EMI calculator
Work out your monthly instalment, total interest and year-by-year repayment. Then let a loan expert compare lenders to bring your rate, and your EMI, down.
- From 8.33% p.a.*
- Sanction in 48 hours*
- No-collateral options
- Save up to ₹15 lakh*
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20,000+ students have funded their studies with UniCreds
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Year-by-year repayment
| Year | Principal paid | Interest paid | Balance left |
|---|---|---|---|
| Year 1 | ₹1,79,229 | ₹3,06,537 | ₹28,20,771 |
| Year 2 | ₹1,98,980 | ₹2,86,786 | ₹26,21,791 |
| Year 3 | ₹2,20,908 | ₹2,64,857 | ₹24,00,883 |
| Year 4 | ₹2,45,253 | ₹2,40,513 | ₹21,55,629 |
| Year 5 | ₹2,72,281 | ₹2,13,485 | ₹18,83,348 |
| Year 6 | ₹3,02,287 | ₹1,83,479 | ₹15,81,061 |
| Year 7 | ₹3,35,601 | ₹1,50,165 | ₹12,45,460 |
| Year 8 | ₹3,72,585 | ₹1,13,181 | ₹8,72,875 |
| Year 9 | ₹4,13,645 | ₹72,121 | ₹4,59,230 |
| Year 10 | ₹4,59,230 | ₹26,536 | ₹0 |
Loans for every course
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Frequently asked questions
How is EMI calculated?
EMI = P × r × (1 + r)^n ÷ ((1 + r)^n − 1), where P is the loan, r the monthly interest rate and n the number of months.
Do I pay EMIs while studying?
Usually not. Most loans have a moratorium for the course plus 6 – 12 months; some lenders ask for simple interest during this time. Use the repayment calculator to see the effect.
Does a longer tenure help?
It lowers your EMI, but you pay more interest overall. Try 7, 10 and 15 years to compare.
Got the admit? Let’s get it funded.
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*Interest rates, sanction times, savings, loan amounts, fees and other terms are indicative, as published by UniCreds, and depend on the lender and on the student’s and co-applicant’s profile, course and country. Education loans are provided by banks and NBFCs through UniCreds Private Limited. EasyShiksha (EdSpectra Global Private Limited) refers students to UniCreds and does not lend money or guarantee any loan. Lender names and logos belong to their owners. Cost figures are approximate.