Calculate education loan EMI including interest during study and grace period, and compare paying interest early or later.
Enter loan amount, rate, course length, grace period and repayment years. Choose whether the study period interest is added to the loan or paid monthly.
The course duration plus a grace period (often 6 to 12 months) when you do not pay EMI.
Yes. It accumulates unless you pay it, and then it is added to the loan.
Pay the simple interest during study so the loan amount does not grow.
Interest paid on an education loan can be claimed under Section 80E in the old tax regime, subject to rules.
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