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.

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