🎓 EMI de Préstamo de Educación
Student ToolCalcule el EMI de su préstamo educativo, vea la amortización y comprenda el cálculo de intereses de la moratoria y el alivio fiscal de la Sección 80E.
Note on Moratorium Period: Most education loans offer a holiday or moratorium period (usually Course Duration + 1 Year) during which you do not have to pay EMIs. However, simple interest keeps accumulating. Use this calculator to estimate the post-moratorium EMI repayment schedule.
Loan Calculator
EMI · Total Payment · Amortization
₹50.0L
1,00,0001,00,00,000
9.5%
1%30%
240mo
12mo360mo
Tax Deductions on Education Loans (Section 80E)
To ease the burden of higher education, the Government of India provides tax deductions under Section 80E of the Income Tax Act:
- Deduction on Interest Repaid: You can claim a deduction for the entire **interest amount** paid during the financial year. (Unlike home loans, there is no upper limit/cap on the interest amount you can claim).
- Who can claim? The loan must be taken for higher education of self, spouse, children, or a student for whom you are the legal guardian.
- Claim Period: The deduction is available starting from the year you begin repaying the interest, up to a maximum of **8 consecutive financial years** or until the entire interest is paid off, whichever is earlier.