Education loan
Assumptions
Simple interest accrues monthly on disbursed principal during the course and grace period. If interest is serviced it is paid monthly and the repayment rate is reduced by the concession; otherwise the accrued interest is added to principal when repayment starts. The EMI runs for the tenure on a reducing balance. Section 80E allows the interest paid in the first eight repayment years as an old-regime deduction; the saving uses your marginal rate. The subvention lowers the moratorium rate by three points for eligible loans up to ₹10 lakh. Bank terms, collateral and eligibility are not modelled.
Rules: PM Vidyalaxmi and Section 80E, July 2026, reviewed 2026-09-11.
Estimates are not personalised financial advice. Review assumptions before use.
Monthly EMI after the moratorium
Based on your inputs. Not guaranteed.
Interest during the moratorium₹8.55 lakh
Principal when repayment starts₹28.55 lakh
Total interest over the loan₹15.78 lakh
Service the interest or let it capitalise
Servicing interest costs cash during study but avoids interest on interest and may earn a rate concession.Servicing interest costs cash during study but avoids interest on interest and may earn a rate concession.
View detailed breakdown
Each payment is split between interest and reducing the loan balance.
Should I pay interest during study?
Paying it avoids interest on interest and can earn a rate concession, but needs cash during the course. Both totals are shown.
Detailed results
| Result | Value |
|---|---|
| Monthly EMI after the moratorium | ₹36,943 |
| Interest during the moratorium | ₹8.55 lakh |
| Principal when repayment starts | ₹28.55 lakh |
| Total interest over the loan | ₹15.78 lakh |
| Total paid | ₹44.33 lakh |
| Section 80E deduction on the first eight years' interest | ₹14.96 lakh |
| Tax saved by 80E (old regime) | ₹4.49 lakh |
| EMI if interest were serviced instead | ₹24,797 |
| Total paid if serviced instead | ₹38.31 lakh |
Moratorium of 54 months (4 course years plus 6 months); repayment over 120 months at 9.50%.
Schedule
| Month | Opening balance | Payment | Interest | Principal repaid | Closing balance |
|---|---|---|---|---|---|
| 1 | ₹20 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹20.16 lakh |
| 2 | ₹20.16 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹20.32 lakh |
| 3 | ₹20.32 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹20.48 lakh |
| 4 | ₹20.48 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹20.63 lakh |
| 5 | ₹20.63 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹20.79 lakh |
| 6 | ₹20.79 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹20.95 lakh |
| 7 | ₹20.95 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹21.11 lakh |
| 8 | ₹21.11 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹21.27 lakh |
| 9 | ₹21.27 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹21.43 lakh |
| 10 | ₹21.43 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹21.58 lakh |
| 11 | ₹21.58 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹21.74 lakh |
| 12 | ₹21.74 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹21.9 lakh |
| 13 | ₹21.9 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹22.06 lakh |
| 14 | ₹22.06 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹22.22 lakh |
| 15 | ₹22.22 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹22.38 lakh |
| 16 | ₹22.38 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹22.53 lakh |
| 17 | ₹22.53 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹22.69 lakh |
| 18 | ₹22.69 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹22.85 lakh |
| 19 | ₹22.85 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹23.01 lakh |
| 20 | ₹23.01 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹23.17 lakh |
| 21 | ₹23.17 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹23.33 lakh |
| 22 | ₹23.33 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹23.48 lakh |
| 23 | ₹23.48 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹23.64 lakh |
| 24 | ₹23.64 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹23.8 lakh |
| 25 | ₹23.8 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹23.96 lakh |
| 26 | ₹23.96 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹24.12 lakh |
| 27 | ₹24.12 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹24.28 lakh |
| 28 | ₹24.28 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹24.43 lakh |
| 29 | ₹24.43 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹24.59 lakh |
| 30 | ₹24.59 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹24.75 lakh |
| 31 | ₹24.75 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹24.91 lakh |
| 32 | ₹24.91 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹25.07 lakh |
| 33 | ₹25.07 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹25.23 lakh |
| 34 | ₹25.23 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹25.38 lakh |
| 35 | ₹25.38 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹25.54 lakh |
| 36 | ₹25.54 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹25.7 lakh |
| 37 | ₹25.7 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹25.86 lakh |
| 38 | ₹25.86 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹26.02 lakh |
| 39 | ₹26.02 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹26.18 lakh |
| 40 | ₹26.18 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹26.33 lakh |
| 41 | ₹26.33 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹26.49 lakh |
| 42 | ₹26.49 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹26.65 lakh |
| 43 | ₹26.65 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹26.81 lakh |
| 44 | ₹26.81 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹26.97 lakh |
| 45 | ₹26.97 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹27.13 lakh |
| 46 | ₹27.13 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹27.28 lakh |
| 47 | ₹27.28 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹27.44 lakh |
| 48 | ₹27.44 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹27.6 lakh |
| 49 | ₹27.6 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹27.76 lakh |
| 50 | ₹27.76 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹27.92 lakh |
| 51 | ₹27.92 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹28.08 lakh |
| 52 | ₹28.08 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹28.23 lakh |
| 53 | ₹28.23 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹28.39 lakh |
| 54 | ₹28.39 lakh | ₹0 | ₹15,833 | -₹15,833 | ₹28.55 lakh |
| 55 | ₹28.55 lakh | ₹36,943 | ₹22,602 | ₹14,341 | ₹28.41 lakh |
| 56 | ₹28.41 lakh | ₹36,943 | ₹22,489 | ₹14,454 | ₹28.26 lakh |
| 57 | ₹28.26 lakh | ₹36,943 | ₹22,374 | ₹14,569 | ₹28.12 lakh |
| 58 | ₹28.12 lakh | ₹36,943 | ₹22,259 | ₹14,684 | ₹27.97 lakh |
| 59 | ₹27.97 lakh | ₹36,943 | ₹22,143 | ₹14,800 | ₹27.82 lakh |
| 60 | ₹27.82 lakh | ₹36,943 | ₹22,025 | ₹14,918 | ₹27.67 lakh |
| 61 | ₹27.67 lakh | ₹36,943 | ₹21,907 | ₹15,036 | ₹27.52 lakh |
| 62 | ₹27.52 lakh | ₹36,943 | ₹21,788 | ₹15,155 | ₹27.37 lakh |
| 63 | ₹27.37 lakh | ₹36,943 | ₹21,668 | ₹15,275 | ₹27.22 lakh |
| 64 | ₹27.22 lakh | ₹36,943 | ₹21,547 | ₹15,396 | ₹27.06 lakh |
| 65 | ₹27.06 lakh | ₹36,943 | ₹21,425 | ₹15,518 | ₹26.91 lakh |
| 66 | ₹26.91 lakh | ₹36,943 | ₹21,303 | ₹15,640 | ₹26.75 lakh |
| 67 | ₹26.75 lakh | ₹36,943 | ₹21,179 | ₹15,764 | ₹26.59 lakh |
| 68 | ₹26.59 lakh | ₹36,943 | ₹21,054 | ₹15,889 | ₹26.44 lakh |
| 69 | ₹26.44 lakh | ₹36,943 | ₹20,928 | ₹16,015 | ₹26.28 lakh |
| 70 | ₹26.28 lakh | ₹36,943 | ₹20,801 | ₹16,142 | ₹26.11 lakh |
| 71 | ₹26.11 lakh | ₹36,943 | ₹20,674 | ₹16,269 | ₹25.95 lakh |
| 72 | ₹25.95 lakh | ₹36,943 | ₹20,545 | ₹16,398 | ₹25.79 lakh |
| 73 | ₹25.79 lakh | ₹36,943 | ₹20,415 | ₹16,528 | ₹25.62 lakh |
| 74 | ₹25.62 lakh | ₹36,943 | ₹20,284 | ₹16,659 | ₹25.46 lakh |
| 75 | ₹25.46 lakh | ₹36,943 | ₹20,152 | ₹16,791 | ₹25.29 lakh |
| 76 | ₹25.29 lakh | ₹36,943 | ₹20,019 | ₹16,924 | ₹25.12 lakh |
| 77 | ₹25.12 lakh | ₹36,943 | ₹19,885 | ₹17,058 | ₹24.95 lakh |
| 78 | ₹24.95 lakh | ₹36,943 | ₹19,750 | ₹17,193 | ₹24.78 lakh |
| 79 | ₹24.78 lakh | ₹36,943 | ₹19,614 | ₹17,329 | ₹24.6 lakh |
| 80 | ₹24.6 lakh | ₹36,943 | ₹19,477 | ₹17,466 | ₹24.43 lakh |
| 81 | ₹24.43 lakh | ₹36,943 | ₹19,339 | ₹17,604 | ₹24.25 lakh |
| 82 | ₹24.25 lakh | ₹36,943 | ₹19,199 | ₹17,744 | ₹24.07 lakh |
| 83 | ₹24.07 lakh | ₹36,943 | ₹19,059 | ₹17,884 | ₹23.9 lakh |
| 84 | ₹23.9 lakh | ₹36,943 | ₹18,917 | ₹18,026 | ₹23.72 lakh |
| 85 | ₹23.72 lakh | ₹36,943 | ₹18,775 | ₹18,168 | ₹23.53 lakh |
| 86 | ₹23.53 lakh | ₹36,943 | ₹18,631 | ₹18,312 | ₹23.35 lakh |
| 87 | ₹23.35 lakh | ₹36,943 | ₹18,486 | ₹18,457 | ₹23.17 lakh |
| 88 | ₹23.17 lakh | ₹36,943 | ₹18,340 | ₹18,603 | ₹22.98 lakh |
| 89 | ₹22.98 lakh | ₹36,943 | ₹18,192 | ₹18,751 | ₹22.79 lakh |
| 90 | ₹22.79 lakh | ₹36,943 | ₹18,044 | ₹18,899 | ₹22.6 lakh |
| 91 | ₹22.6 lakh | ₹36,943 | ₹17,894 | ₹19,049 | ₹22.41 lakh |
| 92 | ₹22.41 lakh | ₹36,943 | ₹17,744 | ₹19,199 | ₹22.22 lakh |
| 93 | ₹22.22 lakh | ₹36,943 | ₹17,592 | ₹19,351 | ₹22.03 lakh |
| 94 | ₹22.03 lakh | ₹36,943 | ₹17,438 | ₹19,505 | ₹21.83 lakh |
| 95 | ₹21.83 lakh | ₹36,943 | ₹17,284 | ₹19,659 | ₹21.64 lakh |
| 96 | ₹21.64 lakh | ₹36,943 | ₹17,128 | ₹19,815 | ₹21.44 lakh |
| 97 | ₹21.44 lakh | ₹36,943 | ₹16,971 | ₹19,972 | ₹21.24 lakh |
| 98 | ₹21.24 lakh | ₹36,943 | ₹16,813 | ₹20,130 | ₹21.04 lakh |
| 99 | ₹21.04 lakh | ₹36,943 | ₹16,654 | ₹20,289 | ₹20.83 lakh |
| 100 | ₹20.83 lakh | ₹36,943 | ₹16,493 | ₹20,450 | ₹20.63 lakh |
| 101 | ₹20.63 lakh | ₹36,943 | ₹16,331 | ₹20,612 | ₹20.42 lakh |
| 102 | ₹20.42 lakh | ₹36,943 | ₹16,168 | ₹20,775 | ₹20.22 lakh |
| 103 | ₹20.22 lakh | ₹36,943 | ₹16,004 | ₹20,939 | ₹20.01 lakh |
| 104 | ₹20.01 lakh | ₹36,943 | ₹15,838 | ₹21,105 | ₹19.79 lakh |
| 105 | ₹19.79 lakh | ₹36,943 | ₹15,671 | ₹21,272 | ₹19.58 lakh |
| 106 | ₹19.58 lakh | ₹36,943 | ₹15,503 | ₹21,440 | ₹19.37 lakh |
| 107 | ₹19.37 lakh | ₹36,943 | ₹15,333 | ₹21,610 | ₹19.15 lakh |
| 108 | ₹19.15 lakh | ₹36,943 | ₹15,162 | ₹21,781 | ₹18.93 lakh |
| 109 | ₹18.93 lakh | ₹36,943 | ₹14,989 | ₹21,954 | ₹18.71 lakh |
| 110 | ₹18.71 lakh | ₹36,943 | ₹14,816 | ₹22,127 | ₹18.49 lakh |
| 111 | ₹18.49 lakh | ₹36,943 | ₹14,640 | ₹22,303 | ₹18.27 lakh |
| 112 | ₹18.27 lakh | ₹36,943 | ₹14,464 | ₹22,479 | ₹18.05 lakh |
| 113 | ₹18.05 lakh | ₹36,943 | ₹14,286 | ₹22,657 | ₹17.82 lakh |
| 114 | ₹17.82 lakh | ₹36,943 | ₹14,106 | ₹22,837 | ₹17.59 lakh |
| 115 | ₹17.59 lakh | ₹36,943 | ₹13,926 | ₹23,017 | ₹17.36 lakh |
| 116 | ₹17.36 lakh | ₹36,943 | ₹13,743 | ₹23,200 | ₹17.13 lakh |
| 117 | ₹17.13 lakh | ₹36,943 | ₹13,560 | ₹23,383 | ₹16.89 lakh |
| 118 | ₹16.89 lakh | ₹36,943 | ₹13,375 | ₹23,568 | ₹16.66 lakh |
| 119 | ₹16.66 lakh | ₹36,943 | ₹13,188 | ₹23,755 | ₹16.42 lakh |
| 120 | ₹16.42 lakh | ₹36,943 | ₹13,000 | ₹23,943 | ₹16.18 lakh |
| 121 | ₹16.18 lakh | ₹36,943 | ₹12,811 | ₹24,133 | ₹15.94 lakh |
| 122 | ₹15.94 lakh | ₹36,943 | ₹12,619 | ₹24,324 | ₹15.7 lakh |
| 123 | ₹15.7 lakh | ₹36,943 | ₹12,427 | ₹24,516 | ₹15.45 lakh |
| 124 | ₹15.45 lakh | ₹36,943 | ₹12,233 | ₹24,710 | ₹15.2 lakh |
| 125 | ₹15.2 lakh | ₹36,943 | ₹12,037 | ₹24,906 | ₹14.96 lakh |
| 126 | ₹14.96 lakh | ₹36,943 | ₹11,840 | ₹25,103 | ₹14.7 lakh |
| 127 | ₹14.7 lakh | ₹36,943 | ₹11,641 | ₹25,302 | ₹14.45 lakh |
| 128 | ₹14.45 lakh | ₹36,943 | ₹11,441 | ₹25,502 | ₹14.2 lakh |
| 129 | ₹14.2 lakh | ₹36,943 | ₹11,239 | ₹25,704 | ₹13.94 lakh |
| 130 | ₹13.94 lakh | ₹36,943 | ₹11,036 | ₹25,907 | ₹13.68 lakh |
| 131 | ₹13.68 lakh | ₹36,943 | ₹10,830 | ₹26,113 | ₹13.42 lakh |
| 132 | ₹13.42 lakh | ₹36,943 | ₹10,624 | ₹26,319 | ₹13.16 lakh |
| 133 | ₹13.16 lakh | ₹36,943 | ₹10,415 | ₹26,528 | ₹12.89 lakh |
| 134 | ₹12.89 lakh | ₹36,943 | ₹10,205 | ₹26,738 | ₹12.62 lakh |
| 135 | ₹12.62 lakh | ₹36,943 | ₹9,994 | ₹26,949 | ₹12.35 lakh |
| 136 | ₹12.35 lakh | ₹36,943 | ₹9,780 | ₹27,163 | ₹12.08 lakh |
| 137 | ₹12.08 lakh | ₹36,943 | ₹9,565 | ₹27,378 | ₹11.81 lakh |
| 138 | ₹11.81 lakh | ₹36,943 | ₹9,349 | ₹27,594 | ₹11.53 lakh |
| 139 | ₹11.53 lakh | ₹36,943 | ₹9,130 | ₹27,813 | ₹11.25 lakh |
| 140 | ₹11.25 lakh | ₹36,943 | ₹8,910 | ₹28,033 | ₹10.97 lakh |
| 141 | ₹10.97 lakh | ₹36,943 | ₹8,688 | ₹28,255 | ₹10.69 lakh |
| 142 | ₹10.69 lakh | ₹36,943 | ₹8,464 | ₹28,479 | ₹10.41 lakh |
| 143 | ₹10.41 lakh | ₹36,943 | ₹8,239 | ₹28,704 | ₹10.12 lakh |
| 144 | ₹10.12 lakh | ₹36,943 | ₹8,012 | ₹28,931 | ₹9.83 lakh |
| 145 | ₹9.83 lakh | ₹36,943 | ₹7,783 | ₹29,160 | ₹9.54 lakh |
| 146 | ₹9.54 lakh | ₹36,943 | ₹7,552 | ₹29,391 | ₹9.25 lakh |
| 147 | ₹9.25 lakh | ₹36,943 | ₹7,319 | ₹29,624 | ₹8.95 lakh |
| 148 | ₹8.95 lakh | ₹36,943 | ₹7,085 | ₹29,858 | ₹8.65 lakh |
| 149 | ₹8.65 lakh | ₹36,943 | ₹6,848 | ₹30,095 | ₹8.35 lakh |
| 150 | ₹8.35 lakh | ₹36,943 | ₹6,610 | ₹30,333 | ₹8.05 lakh |
| 151 | ₹8.05 lakh | ₹36,943 | ₹6,370 | ₹30,573 | ₹7.74 lakh |
| 152 | ₹7.74 lakh | ₹36,943 | ₹6,128 | ₹30,815 | ₹7.43 lakh |
| 153 | ₹7.43 lakh | ₹36,943 | ₹5,884 | ₹31,059 | ₹7.12 lakh |
| 154 | ₹7.12 lakh | ₹36,943 | ₹5,638 | ₹31,305 | ₹6.81 lakh |
| 155 | ₹6.81 lakh | ₹36,943 | ₹5,390 | ₹31,553 | ₹6.49 lakh |
| 156 | ₹6.49 lakh | ₹36,943 | ₹5,140 | ₹31,803 | ₹6.17 lakh |
| 157 | ₹6.17 lakh | ₹36,943 | ₹4,889 | ₹32,054 | ₹5.85 lakh |
| 158 | ₹5.85 lakh | ₹36,943 | ₹4,635 | ₹32,308 | ₹5.53 lakh |
| 159 | ₹5.53 lakh | ₹36,943 | ₹4,379 | ₹32,564 | ₹5.21 lakh |
| 160 | ₹5.21 lakh | ₹36,943 | ₹4,121 | ₹32,822 | ₹4.88 lakh |
| 161 | ₹4.88 lakh | ₹36,943 | ₹3,861 | ₹33,082 | ₹4.55 lakh |
| 162 | ₹4.55 lakh | ₹36,943 | ₹3,599 | ₹33,344 | ₹4.21 lakh |
| 163 | ₹4.21 lakh | ₹36,943 | ₹3,335 | ₹33,608 | ₹3.88 lakh |
| 164 | ₹3.88 lakh | ₹36,943 | ₹3,069 | ₹33,874 | ₹3.54 lakh |
| 165 | ₹3.54 lakh | ₹36,943 | ₹2,801 | ₹34,142 | ₹3.2 lakh |
| 166 | ₹3.2 lakh | ₹36,943 | ₹2,531 | ₹34,412 | ₹2.85 lakh |
| 167 | ₹2.85 lakh | ₹36,943 | ₹2,259 | ₹34,684 | ₹2.51 lakh |
| 168 | ₹2.51 lakh | ₹36,943 | ₹1,984 | ₹34,959 | ₹2.16 lakh |
| 169 | ₹2.16 lakh | ₹36,943 | ₹1,707 | ₹35,236 | ₹1.8 lakh |
| 170 | ₹1.8 lakh | ₹36,943 | ₹1,428 | ₹35,515 | ₹1.45 lakh |
| 171 | ₹1.45 lakh | ₹36,943 | ₹1,147 | ₹35,796 | ₹1.09 lakh |
| 172 | ₹1.09 lakh | ₹36,943 | ₹864 | ₹36,079 | ₹73,018 |
| 173 | ₹73,018 | ₹36,943 | ₹578 | ₹36,365 | ₹36,653 |
| 174 | ₹36,653 | ₹36,943 | ₹290 | ₹36,653 | ₹0 |
Keep or share this scenario