Education Loan Calculator
Updated July 2026
Education loans usually carry a moratorium covering the course plus six to twelve months. Interest often accrues during that period, so the amount you start repaying can exceed what you borrowed.
Education Loan
Frequently Asked Questions
Is education loan interest tax-deductible?
Yes — interest is deductible with no upper limit, for up to eight years from when repayment begins, under the provision formerly numbered 80E.
What is a moratorium period?
A repayment holiday covering the course duration plus six to twelve months. Interest typically still accrues, so consider paying simple interest during the moratorium if you can.
Do I need collateral?
Loans up to around ₹7.5 lakh are often collateral-free under government schemes. Larger amounts usually require security.