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As per amendment in the Income Tax Rules, PAN or Aadhaar are to be mandatorily quoted for cash deposit or withdrawal aggregating to Rupees twenty lakhs or more in a FY. Please update your PAN or Aadhaar. Kindly reach out to the Bank’s contact center on 1800 10 888 or visit the nearest IDFC FIRST Bank branch for further queries.
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Championing your Future, with easy finance & expert guidance with FIRST UNI!
Championing your Future, with easy finance & expert guidance with FIRST UNI!
*Terms & conditions apply
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Competitive student loan interest rates
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Collateral free loans of up to ₹75 lakhs*
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35k+ courses funded globally across 4500+ universities
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Faster loan sanction via seamless application process
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Competitive student loan interest rates
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Collateral free loans of up to ₹75 lakhs*
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35k+ courses funded globally across 4500+ universities
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Faster loan sanction via seamless application process
Education Loan EMI Calculator
Calculate your EMIs effortlessly with IDFC FIRST Bank's Education Loan EMI Calculator. Whether you're pursuing higher education in India or abroad, our student loan EMI calculator provides instant estimates based on loan amount, interest rate, and tenure.Read More
Plan your finances confidently with accurate insights and flexible repayment options. Apply for an education loan today!Read Less
Loan Amount
Rate of Interest
Course Duration
Loan Tenure
Your monthly EMI amount
Your monthly EMI amount, post moratorium period
Your monthly EMI amount, post moratorium period
The amount might change as per actual details
This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to IDFC FIRST Bank’s policy for approval.
Your monthly income
Rate of interest
Loan Tenure
Your monthly obligation
This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to IDFC FIRST Bank’s policy for approval.
Oops, there seems to be some issue with the input values. Please re-enter or contact our bank representative.
This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to IDFC FIRST Bank’s policy for approval.
Loan Amount
Rate of Interest
Tax saved per year
Effective ROI
This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to IDFC FIRST Bank’s policy for approval.
Claim education loan tax deduction under Section 80E of the Income Tax Act and save on interest payments. The education loan tax exemption applies to the interest paid for up to 8 years, with no upper limit on the deduction. Whether it's a study loan for India or an abroad education loan, tax benefits apply if the loan is from a recognized financial institution. Maximize your education loan tax benefits and ease your repayment burden with IDFC FIRST Bank’s education loan!
Benefits of an Education Loan EMI Calculator
Apart from giving a quick, real-time estimation of your EMI amount and saving time, the Education Loan EMI calculator also has other benefits. Some of them are as follows:
Accurate EMI Calculation
There is a possibility of error when you manually calculate your education loan EMIs. However, with education loan EMI calculator you can be rest assured that you would get precise EMI estimations on your education loan.
Effective Financial Planning
You can calculate the EMI amount you will require to pay by entering the data into the calculator. It is an important piece of information as it reflects whether and by when you can repay the loan and its probable impact on your finances. The education loan EMI calculator by IDFC FIRST Bank also comes with different repayment modes, so you can try them to see which one fits your needs.
Seamless Accessibility & Convenience
You can use an Education Loan EMI calculator on your mobile phone or on laptop as it works everywhere and, on any device, making it highly convenient for everyone to do Education Loan EMI planning.
Accurate EMI Calculation
There is a possibility of error when you manually calculate your education loan EMIs. However, with education loan EMI calculator you can be rest assured that you would get precise EMI estimations on your education loan.
Effective Financial Planning
You can calculate the EMI amount you will require to pay by entering the data into the calculator. It is an important piece of information as it reflects whether and by when you can repay the loan and its probable impact on your finances. The education loan EMI calculator by IDFC FIRST Bank also comes with different repayment modes, so you can try them to see which one fits your needs.
Seamless Accessibility & Convenience
You can use an Education Loan EMI calculator on your mobile phone or on laptop as it works everywhere and, on any device, making it highly convenient for everyone to do Education Loan EMI planning.
What is an Education Loan EMI calculator?
Education Loan EMI Calculator is a simple online tool that helps you estimate your student loan EMI before applying for a loan. By entering details like the education loan amount, interest rate, and repayment tenure, you can instantly calculate how much you’ll need to pay every month. This helps you plan your finances better and avoid surprises during repayment.
How Does the Education Loan EMI Calculator Help You?
Using an Education Loan EMI Calculator makes your loan planning much easier. Here’s how:
1. Gives Accurate EMI Estimates – No need for manual calculations or guesswork. Just enter the loan details and get an exact EMI amount in seconds.
2. Helps You Plan Your Finances – Knowing your education loan EMI upfront lets you budget accordingly and avoid financial strain.
3. Compares Different Loan Options – Adjust the study loan interest rate, loan tenure, or amount to see how different factors affect your EMI and choose the best repayment plan.
4. Saves Time & Effort – Instead of complex calculations, get instant and reliable results, anytime, anywhere.
How to Use an Education Loan EMI Calculator?
It’s quick and easy to use an Education Loan EMI Calculator:
- Enter Loan Amount – Input the amount you need for your education loan in India or abroad.
- Enter Interest Rate – Add the applicable student loan interest rate.
- Choose Loan Tenure – Select the repayment period that suits your financial plans.
- Moratorium Period – Some loans have a grace period before EMI payments start.
- Adjust & Compare – Try different values to find an EMI that fits your budget.
With the Education Loan EMI Calculator by IDFC FIRST Bank, you can confidently plan your education loan and ensure a smooth repayment journey.
FREQUENTLY ASKED QUESTIONS
How to apply for an Education Loan with IDFC FIRST Bank?
We have simplified the procedure wherein we offer convenience of applying through various modes including our website, branch, mobile application and calling agents. You can even verify your eligibility for an education loan online. You can enter your basic details online, and we will assist you throughout the journey.
What are the documents required for successful application and disbursement of Education Loan?
When applying for an Education Loan with IDFC FIRST Bank, you must submit your KYC documents and proof of address. At IDFC FIRST Bank, we believe in your potential and provide loan based on your future income. However, co-applicant’s income is required for assessment on a case-to-case basis as per the IDFC FIRST Bank’s policy.
How many times can I use an education loan EMI calculator?
There is no limit on the number of times you can use an education loan EMI calculator. Using the calculator does not affect your credit score, so you do not have to worry about using the calculator.
Is an education loan eligible for tax deduction?
Section 80E of the IT Act allows you to deduct interest paid on loans taken for higher education from your taxable income. The deduction is allowed on the entire interest amount of the EMI paid throughout the financial year.
When should I use an Education Loan EMI calculator?
You should use the Education Loan EMI calculator once you have decided to take a loan. The Education Loan EMI calculator requires the loan amount, the interest rate, and the loan term to provide an estimation of your EMI amount.
What happens if you do not use an Education Loan EMI calculator?
Using the EMI calculator is not mandatory. You can also calculate your applicable EMIs manually. However, an EMI calculator saves a lot of time and reduces effort significantly. Also, it has less risk of calculation error and you can do customize the output, i.e., the EMI amount according to your requirements, other financial considerations and goals.
How much is the margin money required to avail an education loan?
IDFC FIRST Bank provides up to 100% financing. The quantum of margin money is subjected to the institute classification done in IDFC FIRST Bank’s policy.
What if I miss my EMI or pay late? Are there any charges?
Yes, there are nominal charges wherein you have to pay 2% per month of the unpaid amount or INR 300 whichever is higher.
What are the different repayment modes offered by IDFC FIRST Bank ?
With IDFC FIRST Bank’s education loan, you will enjoy flexible repayment options as below:
EMI – Start repaying your loan immediately
Simple Interest – Pay only simple interest, while you study
Moratorium – You need not to pay anything, while you study
