Educational Loan Interest Calculator
Educational Loan Interest Calculator
Calculate the interest and total payable amount for your educational loan based on the loan amount, interest rate, and loan tenure.
Not calculated yet.
Loan Amount: ${formatCurrency(loanAmount)}
Interest Rate: ${(interestRate*100).toFixed(1)}%
Loan Tenure: ${loanTenure} years
`; loanSteps += `Formulas:
EMI = Loan Amount × Monthly Interest Rate × (1 + Monthly Interest Rate)^Months / ((1 + Monthly Interest Rate)^Months – 1)
Total Payment = EMI × Months
`; loanSteps += `Results:
Monthly EMI: ${formatCurrency(emi)}
Total Payment: ${formatCurrency(totalPayment)}
`; if(document.getElementById(“calculationStepsLoan”).style.display===”block”){ document.getElementById(“calculationStepsLoan”).innerHTML = loanSteps; } } function resetLoan(){ document.querySelectorAll(“#calculator input”).forEach(el=>el.value=””); loanSteps=””; document.getElementById(“calculationStepsLoan”).innerHTML=”
Not calculated yet.
“; } function toggleLoanSteps(){ const s=document.getElementById(“calculationStepsLoan”); const a=document.getElementById(“toggleArrowLoan”); if(s.style.display===”none”||s.style.display===””){ s.style.display=”block”;a.style.transform=”rotate(180deg)”; s.innerHTML=loanSteps||”Not calculated yet.
“; }else{s.style.display=”none”;a.style.transform=”rotate(0deg)”;} } function formatCurrency(n){return currencySymbol+n.toFixed(2)+” “+fixedCurrency;}This educational loan interest calculator helps you estimate your monthly EMI and total payment for an education loan based on the loan amount, interest rate, and tenure.
- Educational loan interest calculator
- Student loan interest estimator
- Loan repayment calculator
- Education financing options
Loan Calculation Formula
EMI = Loan Amount × Monthly Interest Rate × (1 + Monthly Interest Rate)^Months / ((1 + Monthly Interest Rate)^Months – 1)
Total Payment = EMI × Months
Example Calculation
$10,000 loan, 5% interest rate, 5 years → EMI = $188.71, Total Payment = $11,322.79.
Why It Matters
Understanding your loan EMI and total payment helps in planning your fina