Compare study loans with confidence. Review EMI, moratorium, tenure, fees, and overall repayment clearly today. Pick the option that best supports future affordability goals.
Use the same currency for every option. The calculator compares EMI, total interest, adjusted principal after moratorium, fee cost, and total outflow.
| Loan Option | Loan Amount | Rate % | Tenure | Fee % | Moratorium | Method |
|---|---|---|---|---|---|---|
| Public Study Loan | 1,200,000 | 9.20 | 10 years | 1.00 | 6 months | Simple |
| Private Bank Loan | 1,200,000 | 10.80 | 12 years | 0.50 | 12 months | Compound |
| Low Rate Campus Loan | 1,200,000 | 8.90 | 8 years | 1.80 | 6 months | Simple |
These values are also loaded as the default examples inside the calculator form.
1. Monthly rate: r = Annual Rate / 12 / 100
2. Adjusted principal after moratorium:
Simple: Pa = P × (1 + r × m)
Compound: Pa = P × (1 + r)m
3. EMI formula: EMI = Pa × r × (1 + r)n / ((1 + r)n - 1)
4. Total interest: Total Interest = (EMI × n) - Original Principal
5. Processing fee: Fee = Original Principal × Fee %
6. Total outflow: Total Outflow = (EMI × n) + Processing Fee
It compares three loan offers using monthly EMI, total interest, processing fee, adjusted principal after moratorium, and overall repayment outflow.
Education loans often delay repayment while study continues. Moratorium can increase the principal before EMI starts, which changes affordability and total cost.
Adjusted principal is the loan balance after moratorium interest has been added. EMI is calculated from this amount, not always from the original disbursed amount.
No. A lower EMI may come from a longer tenure, which can raise total interest. Always compare EMI with total outflow and repayment duration.
Usually no. Fees are often charged upfront or added separately. This calculator includes them in total outflow so the full borrowing cost is easier to judge.
Yes. The calculator is currency-neutral. Enter every loan option in the same currency so the comparison remains accurate and meaningful.
The Plotly graph shows how each loan balance declines across repayment months. Faster drops usually indicate shorter payoff periods or stronger principal reduction.
Not always. The best choice depends on your budget, repayment comfort, and moratorium needs. Use total cost together with EMI and tenure before deciding.
Important Note: All the Calculators listed in this site are for educational purpose only and we do not guarentee the accuracy of results. Please do consult with other sources as well.