Axis Bank Education Loan EMI Calculator

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MONTHS
%
Yearly/monthly repayment schedule
2025
MonthBeginning balanceEMIPrincipalInterestEnding Balance
May20,00,00068,35545,02223,33319,54,978
Jun19,54,97868,35545,54722,80819,09,431
Jul19,09,43168,35546,07922,27718,63,352
Aug18,63,35268,35546,61621,73918,16,736
Sep18,16,73668,35547,16021,19517,69,576
Oct17,69,57668,35547,71020,64517,21,866
Nov17,21,86668,35548,26720,08816,73,599
Dec16,73,59968,35548,83019,52516,24,769
2026
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan16,24,76968,35549,40018,95615,75,369
Feb15,75,36968,35549,97618,37915,25,393
Mar15,25,39368,35550,55917,79614,74,834
Apr14,74,83468,35551,14917,20614,23,685
May14,23,68568,35551,74616,61013,71,939
Jun13,71,93968,35552,34916,00613,19,590
Jul13,19,59068,35552,96015,39512,66,630
Aug12,66,63068,35553,57814,77712,13,052
Sep12,13,05268,35554,20314,15211,58,849
Oct11,58,84968,35554,83513,52011,04,014
Nov11,04,01468,35555,47512,88010,48,539
Dec10,48,53968,35556,12212,2339,92,417
2027
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan9,92,41768,35556,77711,5789,35,640
Feb9,35,64068,35557,43910,9168,78,201
Mar8,78,20168,35558,11010,2468,20,091
Apr8,20,09168,35558,7889,5687,61,303
May7,61,30368,35559,4738,8827,01,830
Jun7,01,83068,35560,1678,1886,41,663
Jul6,41,66368,35560,8697,4865,80,794
Aug5,80,79468,35561,5796,7765,19,215
Sep5,19,21568,35562,2986,0584,56,917
Oct4,56,91768,35563,0255,3313,93,892
Nov3,93,89268,35563,7604,5953,30,132
Dec3,30,13268,35564,5043,8522,65,628
2028
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan2,65,62868,35565,2563,0992,00,372
Feb2,00,37268,35566,0182,3381,34,354
Mar1,34,35468,35566,7881,56767,566
Apr67,56668,35567,5677880
EMI payable
Payable amount
Total Interest
Total amount

The EMI Calculator is an internet-based tool by Axis Bank that assists students and their guardians in determining the approximate Equated Monthly Instalments (EMIs) they may incur during education loan repayment. The following calculator is meant to help approximate monthly loan outgo for such student applicants whose fields of study have been specified for a loan amount with tenure of 1 to 15 years.

How to Use Axis Bank Educational Loan EMI Calculator

Axis Bank Education Loan EMI Calculator is a straightforward process. Here are the steps to follow:

  • Visit the Axis Bank website and locate the Education Loan EMI Calculator.
  • Enter the desired loan amount you require for your education expenses.
  • Select the appropriate interest rate applicable to your chosen education loan scheme.
  • Specify the repayment tenure in years, typically 1 to 20 years.
  • The webpage shows the estimated monthly installment amount on the right-hand side with a chart.

You can also use the above ClearTax Education Loan EMI Calculator for the best calculation results and to  get the repayment schedule of your Education Loan. 

How do you calculate Axis Bank Educational Loans EMI?

The Axis Bank Education Loan EMI is calculated using a standard formula that considers the loan amount, interest rate, and repayment tenure. The formula used is:

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

Where:

EMI = Equated Monthly Installment

  • P = Principal Loan Amount
  • R = Monthly Interest Rate (Annual Interest Rate / 12)
  • N = Total Number of EMIs (Repayment Tenure in Years × 12)

Advantages of Using Axis Bank Educational Loan EMI Calculator

Axis Bank Education Loan EMI Calculator example

Let's consider an example to understand how the Axis Bank Education Loan EMI Calculator works:

For example, you aspire to go for an expensive professional course in India that may cost you ₹10 lakhs. The interest rate is 9.5% p.a., and you can choose to repay up to 10 years.

You would enter the following details using the Axis Bank Education Loan EMI Calculator:

  • Loan Amount: ₹10,00,000
  • Interest Rate: 9.5%
  • Repayment Tenure: 10 years

The calculator returns an approximated EMI of ₹12,500 per month for the loan.

Advantages of Education Loan EMI Calculator 

  • Accurate Estimation: The calculator accurately estimates the monthly loan repayments, allowing you to plan your finances effectively.
  • Transparency: The calculator is transparent, enabling you to understand how various factors, such as loan amount, interest rate, and tenure, influence the EMI.
  • Comparisons: When the input changes, it is easy to compare one loan scenario with others; hence, one can make their best choice easily.
  • Budgeting: This makes it certain since a person can plan better expenses and pay back the education loan with prior knowledge about the estimated EMI.

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