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FundMyCampus: Education Loan Platform
Financial Tools

Free Education LoanCalculators & Tools

Smart calculators to help you plan your education loan and estimate total study costs. Make informed financial decisions for your academic journey.

EMI CalculatorCost EstimatorLoan EligibilitySOP Review

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EMI CalculatorCost CalculatorLoan EligibilityLoan ComparisonTax BenefitsSOP Review

Education Loan EMI Calculator

Calculate your monthly EMI, including interest during the moratorium, and see your full repayment schedule.

Loan details

₹1 Lakh₹1.5 Crore
6%16%
1 year15 years
None6 years
Interest during the moratorium

Your EMI breakdown

Monthly EMI after the moratorium

₹31,716

for 120 months

₹4 Lakh of interest builds up during the moratorium and is added to your loan, so EMIs start on ₹24 Lakh.
Loan amount
₹20,00,000
Total interest
₹18,05,941
Total amount you repay
₹38,05,941

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.

Open the full EMI calculator with lender rates & examples

Education Cost Calculator

Estimate the total cost of your education including tuition fees, living expenses, and other costs based on your destination and course.

Study Details

Fees shown are per year tuition only

Cost Breakdown

Select your study details and click Calculate to see estimated costs

Pilot loan eligibility and EMI

Funding a CPL or an airline cadet programme? See which loan fits, what you pay each month during training and the EMI after it. Or go straight to the pilot loan EMI tables.

Check pilot loan eligibility

Loan Eligibility Calculator

Determine your maximum loan eligibility based on income, credit score, and existing commitments. Get personalized offers from top banks.

Income & Credit Details

₹20k₹2 Lakh
₹0₹50k
₹0₹1.5 Lakh

Eligibility Results

Enter your details and check eligibility to see loan offers

Loan Comparison Tool

Compare up to 3 different loan offers side by side. Analyze EMI, total cost, and find the best deal for your education financing.

Loan Option 1

Loan Option 2

Loan Option 3

Tax Benefit Calculator

Calculate your tax savings under Section 80E for education loan interest. Understand the financial benefits and effective interest rate after tax savings.

Tax Details

₹10k₹2 Lakh

Section 80E Benefits:

  • • No upper limit on deduction amount
  • • Available for up to 8 years from when repayment starts
  • • Old tax regime only (not available under the new regime)
  • • Only interest component is deductible
  • • Applicable for loans from approved institutions

Tax Savings Analysis

Enter your tax details and calculate savings to see benefits

SOP Review Tool

Get instant feedback on your Statement of Purpose. Our tool analyzes your SOP for key elements, word count, and provides actionable suggestions for improvement.

Your Statement of Purpose

Word count: 0Recommended: 500-1000 words

Please enter at least 50 words to analyze

Analysis Results

Paste your SOP and click Analyze to get feedback

Financial Planning Tips

Compare Interest Rates

Even a 0.5% difference in interest rate can save lakhs over the loan tenure. Always compare rates from multiple lenders.

Optimal Tenure

Choose a tenure that balances affordable EMIs with minimal total interest. Shorter tenure means less interest but higher EMIs.

Part Payments

Making partial prepayments whenever possible can significantly reduce your total interest burden and loan tenure.

Education Loan Tools FAQs

Common questions about our loan calculators and tools

Our EMI calculator uses the standard reducing balance method used by banks. The calculations are highly accurate for planning purposes. However, actual EMI may vary slightly based on the specific loan terms, processing fees, and any additional charges by the lender.
Key factors include: your co-applicant's monthly income, existing EMI obligations, credit score, age, employment stability, and the institution you're applying to. Higher income, good credit score (750+), and admission to top-ranked institutions improve eligibility.
Enter details of different loan offers you've received - loan amount, interest rate, tenure, and processing fees. The tool calculates total cost including all charges, helping you identify the most economical option. Don't just compare EMIs. Look at total repayment amount.
Our cost calculator provides estimates for tuition fees (based on actual college data), living expenses, accommodation costs, and other expenses like books, travel, and insurance. Select your country, course, and college to get a realistic total cost estimate.
The SOP review tool analyzes your Statement of Purpose for key elements like word count, structure, clarity, and content relevance. It provides scores and suggestions for improvement. While helpful for initial review, we recommend professional editing for final submissions.
Currently, calculations are session-based. We recommend taking screenshots or noting down important figures. You can also share the page URL with your family for discussions. We're working on adding save and export features soon.
We update our college fee database regularly based on official sources. However, fees can change annually. The figures provide good estimates for planning, but always verify current fees directly with the institution before finalizing your budget.
Under Section 80E, you can claim tax deduction on the entire interest paid on education loans. Our calculator shows your potential tax savings based on your tax slab. This benefit is available for 8 years from when you start repaying the loan, under the old tax regime only.
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