EasyShiksha × UniCreds education loans
Education loan interest calculator
Find out how much interest you’ll pay over the life of your loan, and how much a lower rate could save you.
- From 8.33% p.a.*
- Sanction in 48 hours*
- No-collateral options
- Save up to ₹15 lakh*
.png)
.png)
20,000+ students have funded their studies with UniCreds
Get your real loan offers
Takes 30 seconds. A loan expert calls you back.
Private & secure
No fee, ever
Call back in 1 working day
How the rate changes what you pay
| Interest rate | Monthly EMI | Total interest | Total repaid |
|---|---|---|---|
| 8% | ₹36,398 | ₹13,67,793 | ₹43,67,793 |
| 9% | ₹38,003 | ₹15,60,328 | ₹45,60,328 |
| 10% | ₹39,645 | ₹17,57,427 | ₹47,57,427 |
| 11% | ₹41,325 | ₹19,59,000 | ₹49,59,000 |
| 12% | ₹43,041 | ₹21,64,954 | ₹51,64,954 |
| 13% | ₹44,793 | ₹23,75,187 | ₹53,75,187 |
| 14% | ₹46,580 | ₹25,89,592 | ₹55,89,592 |
Loans for every course
See costs, eligibility and lenders for your programme.
Free loan tools
Plan your budget and repayments before you apply.
Frequently asked questions
How is education loan interest charged?
During the course it is usually simple interest; after the moratorium you repay through EMIs that include interest on the reducing balance.
How can I get a lower rate?
A strong admit, a co-applicant with good credit, collateral, and comparing lenders all help. Your UniCreds expert negotiates for you.
Is interest tax-deductible?
Interest on an education loan may be deductible under Section 80E for up to 8 years. Check with your tax advisor.
Got the admit? Let’s get it funded.
Check your eligibility in 30 seconds. A loan expert calls you back within one working day.
*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.