During the course
For unsecured loans, lenders look at whether the co-applicant can service at least partial interest during the moratorium — about ₹83,333 a month at 10%.
EMI table · worked out
₹1 crore Education Loan EMI: Rates, Tenure and Interest
How much will a ₹1 crore education loan cost each month? Here's the EMI at every common rate and tenure, the interest that builds up while you study, and the income lenders usually look for.
- 10 years at 10%: ₹1,32,151 a month
- Rates from 8.5% to 13.5%
- Moratorium interest explained
- Use our calculator for your exact case
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Quick answer
What is the EMI on a ₹1 crore education loan?
At 10% a year, a ₹1 crore education loan costs about ₹1,32,151 a month over 10 years (total interest ≈ ₹59 lakh). At 8.5% (a typical secured public-bank rate) the 10-year EMI is about ₹1,23,986; at 12.5% (a typical unsecured NBFC rate) about ₹1,46,376. If interest isn't paid during a 2-year course plus 6 months, about ₹25 lakh can be added before EMIs start.
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EMI table
Monthly EMI on ₹1 crore
EMI starts after the moratorium. Figures assume the full amount is outstanding when EMIs begin.
Total cost
Total interest on ₹1 crore
Moratorium
Interest that builds up while you study
2-year course + 6 months, 10% simple interest (how most banks charge during the moratorium).
Affordability
Income lenders usually expect
After graduation
Lenders like EMIs below about 40%–50% of take-home pay. A 10-year EMI of ₹1,32,151 suits a monthly take-home of roughly ₹2,90,732 or more.
Shorter tenure, less interest
Choosing 7 years instead of 10 at 10% saves about ₹19 lakh in interest.
Prepay freely
Floating-rate education loans to individuals can be prepaid without penalty under RBI rules.
FAQs
Frequently asked questions
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Ask a counsellor directly — we reply on WhatsApp during working hours (Mon–Sat, 9 AM–6 PM IST).
About ₹1,29,398 at 9.5%, ₹1,32,151 at 10% and ₹1,46,376 at 12.5%.
Rarely in full. Amounts above about ₹75 lakh usually need collateral, or a mix of a secured and an unsecured loan.
After the moratorium — usually the course length plus 6–12 months — or earlier if you start working and the lender's terms say so.
The interest part is deductible for up to 8 tax years under Section 129 of the Income-tax Act, 2025 (formerly Section 80E), under the old regime.
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