HDFC Education Loan EMI Calculator

The HDFC Education Loan EMI Calculator helps you quickly estimate your monthly EMI for an education loan. Whether you are pursuing undergraduate or postgraduate studies, this tool assists in planning your repayment schedule by calculating the monthly installment based on the loan amount, tenure, and interest rate.

What is an Education Loan EMI?

EMI (Equated Monthly Installment) is the amount you repay each month towards your education loan. It consists of both the principal and the interest on the loan.

Education Loan EMI Formula

EMI = [P × R × (1 + R)^N] / [(1 + R)^N – 1]

P = Loan amount
R = Monthly interest rate (Annual Rate ÷ 12 ÷ 100)
N = Loan tenure in months

How to Use the HDFC Education Loan EMI Calculator

Visit the official HDFC Education Loan EMI Calculator at HDFC Education Loan EMI Calculator
Enter the loan amount you wish to borrow.
Select the loan tenure (in years or months) based on your preferred repayment period.
Enter the applicable interest rate for the education loan.
Click on “Calculate” to view your monthly EMI, total interest, and total repayment amount.

Benefits of Using HDFC Education Loan EMI Calculator

Instant results without the need for manual calculations
Helps in budgeting and financial planning for your education loan
Quick and easy interface with no registration required
Access to detailed loan repayment breakdown

HDFC Education Loan Highlights

Loan Amount: Varies based on the course and institute, typically up to ₹20 Lakhs for undergraduate and higher studies
Interest Rates: Starts from 10.50% p.a. (subject to change)
Repayment Tenure: Typically up to 15 years
Moratorium Period: Up to 12 months after course completion or employment
Flexible repayment options, including part-payment and prepayment facilities

Example EMI Calculation

For an education loan of ₹5,00,000 at an interest rate of 10.50% per annum for 10 years (120 months), your monthly EMI would be approximately ₹6,678. The total interest paid would be around ₹3,00,000.

Frequently Asked Questions

Q: Can I change my repayment tenure during the loan period?

HDFC allows changes to your repayment schedule, subject to the loan terms and conditions. You may need to contact the bank for further assistance.

Q: What is the moratorium period for an education loan from HDFC?

The moratorium period is typically up to 12 months, depending on the course completion date and employment status.

Q: Does HDFC offer tax benefits on education loans?

Yes, under Section 80E of the Income Tax Act, you can claim deductions on the interest paid on your education loan.

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