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 EMI Calculator](/content/dam/icicibank/india/managed-assets/revamp-pages/expense-calculator/images/hand-calculator.webp)
Student Loan Calculator
How to use the Education Loan EMI Calculator?
Using the Education Loan Calculator is simple. Input your Loan details in the calculator and get instant results.
- Loan amount: This refers to the total amount of Education Loan that you require. Input the desired Loan amount in the calculator.
- Loan tenure: Decide the duration over which you wish to repay your Loan. This period represents the timeframe of your Equated Monthly Instalment (EMI). Opting for a longer tenure reduces your EMI amount, while a shorter tenure increases it.
- Interest rate: Enter the preferred interest rate in the calculator, 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?
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An Education loan EMI Calculator which is available online helps in assessing the Equated Monthly Installment a borrower needs to pay on availing an Education Loan. The Equated Monthly Installment (EMI) is arrived at after considering factors like loan amount, education loan interest rate and tenure of the loan.
How is EMI calculated for an education loan?
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EMI calculation for education loans considers the loan amount, interest rate, and tenure. An Education Loan EMI Calculator can provide precise results for your financial planning.
How much tax can I save on an education loan?
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Education loan tax benefits vary by country and region. Use a Student Loan Tax Benefit Calculator or an Education Loan Tax Benefit Calculator to estimate your potential tax savings based on applicable laws and provisions.