Pilot Loan EMI Calculator
EMI, what you pay during training and the total cost of a pilot training loan, worked out for common amounts.
- 8.5% to 9.5%Government bank, with property
- 11% to 13%NBFC, no property needed
- 15 yearsRepayment in the examples
- ₹40 lakh to ₹1.5 croreLoan amounts covered
EMI on a ₹70 lakh programme
- Government bank
- ₹73,936 a month
- NBFC, at 11%
- ₹79,562 a month
- NBFC, at 13%
- ₹88,567 a month
Quick answer
On a ₹70 lakh programme, a government bank lends ₹59.5 lakh (you pay a 15% margin) with an EMI of about ₹62,131 over 15 years at 9.5%, plus interest built up in training. An NBFC lends the full ₹70 lakh at 11% to 13%, an EMI of about ₹79,562 to ₹88,567.
Work out your own pilot loan EMI
Enter your loan, rate, repayment years and training months. Then choose whether you pay interest during training or let it be added to the loan.
Loan details
Your EMI breakdown
Monthly EMI after the moratorium
₹73,936
for 180 months
- Loan amount
- ₹59,50,000
- Total interest
- ₹73,58,539
- Total amount you repay
- ₹1,33,08,539
Indicative estimate. Assumes the full amount is disbursed upfront and simple interest during the moratorium, as most Indian lenders charge. Your lender's sanction letter is final.
How is a pilot loan EMI worked out?
All lenders use the same reducing balance formula. You need three numbers.
- P is the loan amount. A government bank lends 85% of the fees, because you pay 15% yourself (the margin). An NBFC can lend 100%.
- r is the monthly rate, the yearly rate divided by 1,200.
- n is the number of monthly instalments, for example 120 for 10 years.
EMI = P × r × (1 + r)n ÷ [(1 + r)n − 1]
The tables below apply this formula to common pilot loan amounts. Find the row closest to your loan.
What each loan asks of you on a ₹70 lakh programme
| Government bank, nothing paid during trainingAbout 9.5% | Government bank, interest paid during trainingAbout 8.5% | NBFC, with an airline LOI11% to 13% | NBFC, without an LOI11% to 13% | |
|---|---|---|---|---|
| Loan amount | ₹59.5 lakh | ₹70 lakh | ||
| You pay at the start | ₹10,50,000 margin + ₹1,19,000 to ₹2,08,250 fee and insurance | ₹2,10,000 to ₹6,30,000 fee and insurance | ||
| Each month during training | ₹0 | ₹42,146 a month | ₹40,000 a month | ₹79,562 to ₹88,567 a month |
| EMI after training (15 years) | ₹73,936 a month. Includes interest added during the 24-month training | ₹58,592 a month | ₹79,562 to ₹88,567 a month | |
| Co-borrower income | Checked by the bank | At least ₹6 lakh a year | ₹1,09,562 to ₹1,18,567 a month | |
Worked out for a 24-month course with the whole loan paid out at the start. In practice the school is paid in stages, so the interest is lower. Fees use a 1% processing fee plus insurance of 1% to 2.5% for a government bank, and 1% plus 2% to 8% for an NBFC. Exact figures depend on the lender and your profile.
Government bank EMI at 9.5% and 8.5%
Government banks lend at around 9.5% against property, linked to the RBI repo rate. Pay simple interest during the course and it can drop to around 8.5%.
| Loan amount | 5 years | 10 years | 15 years | 15 years, with 24 months of interest added |
|---|---|---|---|---|
| ₹40 lakh | ₹84,007 | ₹51,759 | ₹41,769 | ₹49,705 |
| ₹50 lakh | ₹1,05,009 | ₹64,699 | ₹52,211 | ₹62,131 |
| ₹60 lakh | ₹1,26,011 | ₹77,639 | ₹62,653 | ₹74,558 |
| ₹70 lakh | ₹1,47,013 | ₹90,578 | ₹73,096 | ₹86,984 |
| ₹75 lakh | ₹1,57,514 | ₹97,048 | ₹78,317 | ₹93,197 |
| ₹85 lakh | ₹1,78,516 | ₹1,09,988 | ₹88,759 | ₹1,05,623 |
| ₹1 crore | ₹2,10,019 | ₹1,29,398 | ₹1,04,422 | ₹1,24,263 |
| ₹1.25 crore | ₹2,62,523 | ₹1,61,747 | ₹1,30,528 | ₹1,55,328 |
| ₹1.5 crore | ₹3,15,028 | ₹1,94,096 | ₹1,56,634 | ₹1,86,394 |
Source: Standard reducing balance EMI. The last column adds the interest built up during a 24-month training, with the whole loan paid out at the start. Checked on 1 Nov 2026.
| Loan amount | 5 years | 10 years | 15 years |
|---|---|---|---|
| ₹40 lakh | ₹82,066 | ₹49,594 | ₹39,390 |
| ₹50 lakh | ₹1,02,583 | ₹61,993 | ₹49,237 |
| ₹60 lakh | ₹1,23,099 | ₹74,391 | ₹59,084 |
| ₹70 lakh | ₹1,43,616 | ₹86,790 | ₹68,932 |
| ₹75 lakh | ₹1,53,874 | ₹92,989 | ₹73,855 |
| ₹85 lakh | ₹1,74,391 | ₹1,05,388 | ₹83,703 |
| ₹1 crore | ₹2,05,165 | ₹1,23,986 | ₹98,474 |
| ₹1.25 crore | ₹2,56,457 | ₹1,54,982 | ₹1,23,092 |
| ₹1.5 crore | ₹3,07,748 | ₹1,85,979 | ₹1,47,711 |
Source: Standard reducing balance EMI. Checked on 1 Nov 2026.
NBFC EMI at 11% and 13%
NBFCs lend without property at around 11% to 13%, depending on your family's income. Your rate will fall somewhere between these two tables.
| Loan amount | 5 years | 10 years | 15 years |
|---|---|---|---|
| ₹40 lakh | ₹86,970 | ₹55,100 | ₹45,464 |
| ₹50 lakh | ₹1,08,712 | ₹68,875 | ₹56,830 |
| ₹60 lakh | ₹1,30,455 | ₹82,650 | ₹68,196 |
| ₹70 lakh | ₹1,52,197 | ₹96,425 | ₹79,562 |
| ₹75 lakh | ₹1,63,068 | ₹1,03,313 | ₹85,245 |
| ₹85 lakh | ₹1,84,811 | ₹1,17,088 | ₹96,611 |
| ₹1 crore | ₹2,17,424 | ₹1,37,750 | ₹1,13,660 |
| ₹1.25 crore | ₹2,71,780 | ₹1,72,188 | ₹1,42,075 |
| ₹1.5 crore | ₹3,26,136 | ₹2,06,625 | ₹1,70,490 |
Source: Standard reducing balance EMI. Checked on 1 Nov 2026.
| Loan amount | 5 years | 10 years | 15 years |
|---|---|---|---|
| ₹40 lakh | ₹91,012 | ₹59,724 | ₹50,610 |
| ₹50 lakh | ₹1,13,765 | ₹74,655 | ₹63,262 |
| ₹60 lakh | ₹1,36,518 | ₹89,586 | ₹75,915 |
| ₹70 lakh | ₹1,59,272 | ₹1,04,518 | ₹88,567 |
| ₹75 lakh | ₹1,70,648 | ₹1,11,983 | ₹94,893 |
| ₹85 lakh | ₹1,93,401 | ₹1,26,914 | ₹1,07,546 |
| ₹1 crore | ₹2,27,531 | ₹1,49,311 | ₹1,26,524 |
| ₹1.25 crore | ₹2,84,413 | ₹1,86,638 | ₹1,58,155 |
| ₹1.5 crore | ₹3,41,296 | ₹2,23,966 | ₹1,89,786 |
Source: Standard reducing balance EMI. Checked on 1 Nov 2026.
Find the right loan for your training
Tell us where you will train, whether you have property and whether you have an LOI. A counsellor will show you the loan that fits and what you pay each month.
What do you pay during training?
- Government bank, full moratorium: nothing until the course ends.
- Government bank, interest paid: monthly simple interest at around 8.5%.
- NBFC with an LOI: a fixed partial EMI (table below).
- NBFC without an LOI: the full EMI on the amount paid out so far.
What is an LOI, and why does it matter?
An LOI (Letter of Intent) is a conditional pre-employment letter from a sponsoring airline. It promises you a future role with that airline once you finish training and meet its conditions.
Because a job is lined up, lenders see the loan as low risk. So they offer a partial EMI without collateral: a fixed amount each month during training, with the full EMI only after you finish. Without an LOI, the full EMI starts from the first payment to the school.
| Loan amount | You pay each month during training | Minimum co-borrower income |
|---|---|---|
| Up to ₹25 lakh | ₹5,000 a month | ₹4 lakh a year |
| Up to ₹50 lakh | ₹15,000 a month | ₹6 lakh a year |
| Up to ₹75 lakh | ₹40,000 a month | ₹6 lakh a year |
| Up to ₹1 crore | ₹60,000 a month | ₹6 lakh a year |
| Up to ₹1.25 crore | ₹80,000 a month | ₹6 lakh a year |
| Up to ₹1.5 crore | ₹1,00,000 a month | ₹8.4 lakh a year |
| Loan amount | NBFC with an LOI | Government bank, interest paid at 8.5% | Government bank, full moratorium |
|---|---|---|---|
| ₹40 lakh | ₹3,60,000 | ₹6,80,000 | ₹0 |
| ₹50 lakh | ₹3,60,000 | ₹8,50,000 | ₹0 |
| ₹60 lakh | ₹9,60,000 | ₹10,20,000 | ₹0 |
| ₹70 lakh | ₹9,60,000 | ₹11,90,000 | ₹0 |
| ₹75 lakh | ₹9,60,000 | ₹12,75,000 | ₹0 |
| ₹85 lakh | ₹14,40,000 | ₹14,45,000 | ₹0 |
| ₹1 crore | ₹14,40,000 | ₹17,00,000 | ₹0 |
| ₹1.25 crore | ₹19,20,000 | ₹21,25,000 | ₹0 |
| ₹1.5 crore | ₹24,00,000 | ₹25,50,000 | ₹0 |
Source: Worked out with the full loan paid out at the start. Checked on 1 Nov 2026.
How much interest builds up on a full moratorium?
On a full moratorium you pay nothing, but interest still builds up and is added to the loan. The table assumes the whole loan is paid out on day one at 9.5% simple interest for 24 months.
| Loan amount | Interest over 24 months | Interest over 15 years of EMIs | Total paid |
|---|---|---|---|
| ₹40 lakh | ₹7.6 lakh | ₹41.87 lakh | ₹89.47 lakh |
| ₹50 lakh | ₹9.5 lakh | ₹52.34 lakh | ₹1.12 crore |
| ₹60 lakh | ₹11.4 lakh | ₹62.8 lakh | ₹1.34 crore |
| ₹70 lakh | ₹13.3 lakh | ₹73.27 lakh | ₹1.57 crore |
| ₹75 lakh | ₹14.25 lakh | ₹78.5 lakh | ₹1.68 crore |
| ₹85 lakh | ₹16.15 lakh | ₹88.97 lakh | ₹1.9 crore |
| ₹1 crore | ₹19 lakh | ₹1.05 crore | ₹2.24 crore |
| ₹1.25 crore | ₹23.75 lakh | ₹1.31 crore | ₹2.8 crore |
| ₹1.5 crore | ₹28.5 lakh | ₹1.57 crore | ₹3.36 crore |
Source: Full loan paid out at the start, simple interest during training. Checked on 1 Nov 2026.
- The school is paid in stages, so the real interest during training is lower.
- Paying the interest each month during training stops it being added, and can lower your rate by about 1%.
Can a pilot's salary cover the EMI?
Reported pilot pay is high once you join an airline. Here are the figures we use, with their sources.
| Role | Reported pay | Source |
|---|---|---|
| IndiGo first officer | ₹32 lakh to ₹65 lakh a year | Aviation A2Z, Aug 2026 |
| IndiGo captain | ₹90 lakh to ₹2 crore a year | Aviation A2Z, Aug 2026 |
| Air India senior commander | About ₹7 lakh a month at 40 flying hours, about ₹8.9 lakh at 70 hours, from Oct 2026 | Business Today, Aug 2026 |
- Salaries are reported ranges, not a promise.
- There can be months between your licence and your first job.
- Keep a buffer for EMIs during that gap.
More on pay by airline and rank in pilot salary in India.
What should you do next?
- Find your total programme cost, including living costs if you train abroad.
- Check whether you have property for collateral, and whether a sponsoring airline has given you an LOI.
- Pick the rows above for your loan amount.
- Talk to a counsellor to confirm the exact rate for your profile.
See the full pilot loan eligibility rules, or start from the pilot training loan overview.
Frequently asked questions
Straight answers to what students and parents ask us about pilot training
Plan your pilot training loan
Tell us where you will train, whether you have property and whether you have an LOI. A counsellor will call you with the loan that fits and what you pay each month.
FundMyCampus is a loan facilitation platform. Loans are sanctioned by the lending bank or NBFC at its discretion. Rates are approximate and change with the RBI repo rate and your profile. We never promise approval or a rate.