Free online finance tool
Estimate student loan monthly EMIs accounting for course duration, grace period simple interest, and annual income tax savings under Section 80E.
Enter your loan amount, interest rate, tenure, and moratorium period (the time during your course when repayment is paused). The calculator computes your EMI, total interest, and shows how moratorium interest gets added to your principal before repayment begins.
Principal at repayment: $1,475,000 (Moratorium interest: $475,000)
Calculate student loan EMIs with moratorium/grace period & Section 80E tax benefits. Yuitility keeps the workflow fast and focused, so you can complete the job without creating an account.
Frequently asked questions about calculation formulas, privacy, and usage.
It's the period during your course (plus usually 6-12 months after) when you're not required to make EMI payments. Interest still accrues during this time and is typically added to your principal — this calculator factors that in.
Yes, in India, interest paid on education loans qualifies for a deduction under Section 80E, with no upper limit on the deduction amount, for up to 8 years or until the interest is fully repaid.
Paying interest during the moratorium (simple interest, before it compounds into principal) can reduce your total loan cost significantly — many lenders offer a discount for this.
The accrued interest during the moratorium is added to the principal, and EMIs are then calculated on this new (higher) principal amount over the remaining tenure.
Calculate monthly loan repayments, total interest, and view a detailed amortization schedule.
Open toolForecast your mutual fund SIP wealth growth with expected annual returns over time.
Open toolCalculate in-hand monthly salary from annual CTC with tax and EPF breakdowns.
Open tool