🎓 Year-Wise Education Loan & CSIS EMI Calculator
Select your college or enter custom fees to calculate loan requirements, moratorium simple interest, and post-college EMIs.
⚡ Auto-Fetch Verified College Fees
1. Year-Wise Expenses, Self Funds & Start Timeline
Start Loan from 2nd Year (Lateral / Self-Paid 1st Year)
Sets Year 1 Net Loan to ₹0. Loan interest applies only to Years 2, 3 & 4.
↔️ Swipe horizontally to view full table
| Year | College Fee (₹) | Self Fund (₹) | Scholarship (₹) | Net Loan (₹) |
|---|---|---|---|---|
| Year 1 | ₹0 | |||
| Year 2 | ₹0 | |||
| Year 3 | ₹0 | |||
| Year 4 | ₹0 |
2. Loan Parameters & Collateral Mode
Annual Interest Rate (%)
%
Repayment Tenure (After College)
Yrs
Apply CSIS 100% Interest Subvention
For EWS family income ≤ ₹4.50 Lakh/year (Govt pays 100% interest in college)
Pay Simple Interest During College (Servicing Moratorium)
Pay monthly simple interest while studying to prevent interest capitalization & lower post-college EMI.
Estimated Monthly EMI (Post-College)
₹0
Principal vs Interest Ratio
100% Total
■ Principal: 70%
■ Interest: 30%
🛡️ 100% Collateral-Free & Guarantor-Free loan under CGFSEL Scheme (Max ₹7.5 Lakhs).
🎉 CSIS Active: Enter loan fees to see college interest savings!
💡 Interest Servicing Active: You pay simple interest monthly while in college, keeping your starting principal low!
⚠️ Ministry Guideline: Students receiving State Scholarships/Fee Reimbursements cannot simultaneously claim CSIS interest subvention.
| Total 4-Year College Fee | ₹0 |
| Total Self Funded (Out of Pocket) | ₹0 |
| Total Scholarship Claimed | ₹0 |
| Extra Self-Fund Needed (Cap Gap) | ₹0 |
| Net Loan Amount Approved | ₹0 |
| College Interest Serviced (Out-of-Pocket) | ₹0 |
| College Accrued Interest Capitalized | ₹0 |
| Starting Repayment Principal | ₹0 |
| Total Repayment Amount | ₹0 |
💡 Scheme Highlights & Tips
- Collateral-Free: Loans up to ₹7.5L carry 100% CGFSEL Credit Guarantee.
- No Penalties: Prepay anytime without foreclosure fees (RBI rules).
- Tax Benefit: Claim 100% interest paid under Sec 80E (Old Regime).
📅 Month-by-Month Repayment Amortization Schedule (Click to Expand)
↔️ Swipe horizontally to view full schedule
| Installment # | Monthly EMI | Principal Paid | Interest Paid | Remaining Loan Balance |
|---|---|---|---|---|
| Enter loan details above to view the month-by-month repayment schedule. | ||||
📊 Simple Interest vs Compound Interest Calculator
Compare how interest accumulates under Simple Interest ($I = \frac{P \cdot R \cdot T}{100}$) versus Compound Interest.
1. Calculation Inputs
Compound Interest Gain Difference
₹11,051
📈 Compound interest generates ₹11,051 more returns than simple interest over 5 years!
| Initial Principal Amount | ₹1,00,000 |
| Simple Interest (SI) Earned | ₹50,000 |
| SI Maturity Amount | ₹1,50,000 |
| Compound Interest (CI) Earned | ₹61,051 |
| CI Maturity Amount | ₹1,61,051 |
🏛️ Section 80E Income Tax Benefit Calculator
Under Section 80E of the IT Act (Old Tax Regime), 100% of education loan interest paid is tax-deductible for up to 8 years with no upper limit.
1. Tax Regime & Bracket Selector
⚖️ Old Tax Regime Rules:
Under the Old Tax Regime, 100% of education loan interest paid is tax-deductible under Section 80E for up to 8 consecutive years with no upper financial cap. Tax slabs apply starting above ₹2.50 Lakhs income.
Under the Old Tax Regime, 100% of education loan interest paid is tax-deductible under Section 80E for up to 8 consecutive years with no upper financial cap. Tax slabs apply starting above ₹2.50 Lakhs income.
Estimated Tax Saved In Year 1
₹0
💡 Section 80E effectively lowers your loan's net interest rate!
| Year 1 Education Loan Interest Paid | ₹0 |
| Year 1 Income Tax Savings (Refund) | ₹0 |
| Cumulative 8-Year Estimated Tax Saved | ₹0 |
| Effective Net Interest Rate After Tax | 0.00% |
🚀 Loan Prepayment & Foreclosure Calculator
See how making extra monthly payments or annual lump sums reduces your loan tenure and saves lakhs in interest.
1. Prepayment Strategy
⚡ RBI Guidelines: Education loans from Indian banks carry zero prepayment or foreclosure penalties for individual borrowers.
Total Interest Saved Via Prepayment
₹0
🚀 Prepayments accelerate your debt freedom!
| Original Scheduled Loan Tenure | 0 Yrs |
| New Reduced Tenure With Prepayment | 0 Yrs |
| Time Saved (Debt-Free Sooner) | 0 Months |
| Original Total Interest Payable | ₹0 |
| New Total Interest Payable | ₹0 |