1 Loan Details

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2 Timeline

3 Financials

Base In-Hand ₹1,00,000
Hikes

Start Principal

₹0

Combined EMI

₹0

Secured Bal

₹0

Unsecured Bal

₹0

Allocation Strategy

Avalanche Method

30%

₹0

Debt Free In

0 Years

Interest Saved

₹0

Total Payback

₹0

Mastering Your Student Loan Repayment

Using a student loan calculator is the first step in taking control of your financial future. Whether you are managing federal student loans or private student loans, understanding how your interest rate affects your total payback is crucial.

Our tool helps you calculate your monthly EMI, visualize your amortization schedule, and see the impact of lump sum prepayments. By using the "Avalanche Method" built into this calculator, you can prioritize unsecured loans with higher rates to save thousands in interest.

Student Loan Repayment Guide & FAQ

How is my Student Loan EMI calculated?
Your monthly EMI (Equated Monthly Installment) is calculated using the standard amortization formula: $EMI = [P \times R \times (1+R)^n] / [(1+R)^n-1]$. Here, 'P' is your principal loan amount, 'R' is the monthly interest rate, and 'n' is your loan tenure in months. Our calculator automates this math to show your exact repayment schedule.
What is the difference between APR and Interest Rate?
The Interest Rate is the base cost of borrowing. However, APR (Annual Percentage Rate) includes interest plus mandatory fees like origination fees and processing charges. When using a private student loan calculator, comparing the APR gives you a truer picture of the total cost of debt.
Can I use this for Debt Consolidation or Refinancing?
Yes! If you have multiple high-interest unsecured loans, you can use our debt consolidation tool to see if refinancing into a single secured loan with a lower rate will reduce your debt-to-income ratio and save money on interest accrual.
How does a Moratorium Period impact my total payback?
A moratorium period (or grace period) allows you to delay payments while studying. However, simple interest usually accrues and is then capitalized (added to your principal) once repayment begins. Our education loan EMI calculator specifically helps you model this "interest shock" to plan your financial goals better.