Calculate student loan EMI with moratorium grace period & 100% tax deduction under Section 80E

Total Education Loan Amount (₹)

₹

Interest Rate (% p.a.)

% p.a.

Course Moratorium (Yrs)

Yrs

Repayment Tenure (Yrs)

Yrs

Entire interest paid on higher education loans is 100% deductible with NO UPPER LIMIT for up to 8 continuous assessment years!

Monthly EMI (Post Moratorium)

₹26,890

Original Loan Disbursed

₹15,00,000

Principal at Repayment Start

₹19,27,500

Total Interest (Moratorium + Tenure)

₹7,58,760

Total Tax Saved (30% Slab - 80E)

~₹2,27,628