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Axis Bank Education Loan EMI Calculator

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MONTHS
%
Yearly/monthly repayment schedule
2025
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jun20,00,00068,35545,02223,33319,54,978
Jul19,54,97868,35545,54722,80819,09,431
Aug19,09,43168,35546,07922,27718,63,352
Sep18,63,35268,35546,61621,73918,16,736
Oct18,16,73668,35547,16021,19517,69,576
Nov17,69,57668,35547,71020,64517,21,866
Dec17,21,86668,35548,26720,08816,73,599
2026
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan16,73,59968,35548,83019,52516,24,769
Feb16,24,76968,35549,40018,95615,75,369
Mar15,75,36968,35549,97618,37915,25,393
Apr15,25,39368,35550,55917,79614,74,834
May14,74,83468,35551,14917,20614,23,685
Jun14,23,68568,35551,74616,61013,71,939
Jul13,71,93968,35552,34916,00613,19,590
Aug13,19,59068,35552,96015,39512,66,630
Sep12,66,63068,35553,57814,77712,13,052
Oct12,13,05268,35554,20314,15211,58,849
Nov11,58,84968,35554,83513,52011,04,014
Dec11,04,01468,35555,47512,88010,48,539
2027
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan10,48,53968,35556,12212,2339,92,417
Feb9,92,41768,35556,77711,5789,35,640
Mar9,35,64068,35557,43910,9168,78,201
Apr8,78,20168,35558,11010,2468,20,091
May8,20,09168,35558,7889,5687,61,303
Jun7,61,30368,35559,4738,8827,01,830
Jul7,01,83068,35560,1678,1886,41,663
Aug6,41,66368,35560,8697,4865,80,794
Sep5,80,79468,35561,5796,7765,19,215
Oct5,19,21568,35562,2986,0584,56,917
Nov4,56,91768,35563,0255,3313,93,892
Dec3,93,89268,35563,7604,5953,30,132
2028
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan3,30,13268,35564,5043,8522,65,628
Feb2,65,62868,35565,2563,0992,00,372
Mar2,00,37268,35566,0182,3381,34,354
Apr1,34,35468,35566,7881,56767,566
May67,56668,35567,5677880
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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