Education Loan EMI and Tax Benefit Calculator
- 6 Months
- 72 Months
- ₹ 1,00,000
- ₹ 2 Cr
- ₹ 50,000
- ₹ 2 Cr
Expense
Tuition Fees + Cost of Living
₹ 30,00,000
You can avail Education loan from ICICI Bank for both tuition fees and living expenses as per the eligibility.
* As per Bank Norms Caution Courses are not Included.
Know your EMI and Tax Benefits on ICICI Bank Education Loan
- Know your EMI
- Know
your Tax Benefits
( As per old tax regime )
Student Loan Calculator Features
How to use the Education Loan EMI Calculator?
Using the Education Loan EMI Calculator is simple. Fill in your loan details and get instant results.
- Loan amount: This refers to the total amount of Education Loan that you require. Fill in the desired loan amount.
- Loan tenure: Decide the duration over which you wish to repay your loan. This period represents the timeframe of your Equated Monthly Instalments (EMIs). Opting for a longer tenure reduces your EMI amount, while a shorter tenure increases it.
- Interest rate: Enter the preferred interest rate to accurately compute your repayment plan.
Benefits of Education Loan EMI Calculator
Explore the benefits of using an Education Loan EMI Calculator to make informed decisions and effectively manage your expenses:
Education Loan Calculator FAQs
What is an Education Loan EMI Calculator?
An online Education Loan EMI Calculator helps in assessing the equated monthly instalments a borrower needs to pay on availing an Education Loan. The Equated Monthly Instalment (EMI) is arrived at after considering factors like loan amount, interest rate and tenure of the loan.
How much tax can I save on an Education Loan?
Education Loan tax benefits vary from country to country. Use a Student Loan Tax Benefit Calculator or an Education Loan Tax Benefit Calculator to estimate your potential tax savings based on the applicable laws and provisions.
How do you calculate a student budget?
Calculating a student budget is easy with tools like the Student Expense Calculator or the Student Living Costs Calculator. List your income sources and allocate funds to expenses like tuition fees and groceries, ensuring your spending aligns with your financial goals.