EMIs comprise principal and interest portions, fixed throughout the loan tenure. Early payments mostly cover interest; later ones repay more principal.
What is SSW’s Education Loan EMI Calculator?
SSW’s free online tool calculates your monthly EMI for education loans which shows the total interest, repaid amount, and outstanding balance. It gives a complete cost picture before applying.
How It Helps
Test rates, tenures, and banks to fit your budget. Plan post-moratorium repayments (course + 6-12 months grace). Simple, fast, and free for unlimited scenarios.
How to Use SSW Calculator
- Enter loan amount (e.g., ₹10-50 lakh).
- Select tenure (5-15 years; longer = lower EMI).
- Input interest rate (10-14%).
Instant EMI, schedule, and totals appear. Adjust freely.
EMI Formula
EMI = [P*R*(1+R)^n]/[(1+R)^n-1]
- P: Principal
- r: Monthly rate (annual/12/100)
- n: Months
Example: You borrow an educational loan of Rs. 10 lakhs with an average interest rate of 12% for a period of two years, and then the EMI would be:
- P = 10 lakhs
- R = 12/100/12 (converted to months)
- N = 2 years
- EMI: ₹46,073
- Total payable: ₹11,05,752
- Interest: ₹1,05,752
| Parameter | Amount |
| EMI | ₹46,073 |
| Total Interest | ₹1.06L |
| Total Repayment | ₹11.06L |
Advantages of SSW Tool
- Instant results: EMI and schedule in seconds.
- Budget clarity: Aligns with monthly cash flow.
- Amortisation view: Tracks paid vs. outstanding principal.
- Accessible: Free, anytime from anywhere.
Fund your future with SSW — calculate your education loan EMI now and step confidently toward success!
SSW Education Loan EMI Calculator FAQs
1. What’s the moratorium period?
Course duration + 6-12 months grace — no EMI during studies. Interest may accrue (simple) — pay partially to reduce burden.
2. Abroad vs India: Rate & Loan Differences?
India: 8.5-11%, up to ₹50L | Abroad: 10-14%, up to ₹1.5Cr. Higher collateral needed for overseas; processing 1-2%.
3. Who is co-borrower & why?
Parent/guardian as co-applicant shares liability. Banks require for students <25; improves approval odds.
4. Tax deduction on education loans?
Unlimited interest under Section 80E (8 years max). No principal benefit. ₹10L loan @12%: ₹50k+ yearly deduction.
5. Moratorium interest capitalisation trap?
Unpaid interest adds to principal — increases EMI 20%. Tip: Pay interest monthly during studies to save ₹2-5L on ₹20L loan.
Disclaimer: The above results are for illustration purposes only. Please get in touch with a professional advisor for a detailed suggestion. The calculations are not based on any judgments of the future return of the debt and equity markets / sectors or of any individual security and should not be construed as a promise on minimum returns and/or safeguard of capital. While utmost care has been exercised while preparing the calculator, SSW does not warrant the completeness or guarantee that the achieved computations are flawless and/or accurate and disclaims all liabilities, losses and damages arising out of the use or in respect of anything done in reliance of the calculator. The examples do not purport to represent the performance of any security or investments. Given the individual nature of tax consequences, each investor is advised to consult his/her professional tax/financial advisor before making any investment decision. Past performance may or may not be sustained in future and is not a guarantee of any future returns.
The information/illustrations provided herein is meant only for general reading purposes and the views being expressed only constitute opinions and therefore cannot be considered as guidelines, recommendations or as a professional guide for the readers. The document has been prepared on the basis of publicly available information, internally developed data and other sources believed to be reliable. The sponsor, the Investment Manager, the Trustee or any of their directors, employees, associates or representatives (‘entities & their associates”) do not assume any responsibility for, or warrant the accuracy, completeness, adequacy and reliability of such information. Recipients of this information are advised to rely on their own analysis, interpretations & investigations. Readers are also advised to seek independent professional advice in order to arrive at an informed investment decision. Entities & their associates including persons involved in the preparation or issuance of this material, shall not be liable in any way for any direct, indirect, special, incidental, consequential, punitive or exemplary damages, including on account of lost profits arising from the information contained in this material. Recipient alone shall be fully responsible for any decision taken on the basis of this document
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