Axis Bank Education Loan EMI Calculator

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MONTHS
%
Yearly/monthly repayment schedule
2025
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Aug20,00,00068,35545,02223,33319,54,978
Sep19,54,97868,35545,54722,80819,09,431
Oct19,09,43168,35546,07922,27718,63,352
Nov18,63,35268,35546,61621,73918,16,736
Dec18,16,73668,35547,16021,19517,69,576
2026
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan17,69,57668,35547,71020,64517,21,866
Feb17,21,86668,35548,26720,08816,73,599
Mar16,73,59968,35548,83019,52516,24,769
Apr16,24,76968,35549,40018,95615,75,369
May15,75,36968,35549,97618,37915,25,393
Jun15,25,39368,35550,55917,79614,74,834
Jul14,74,83468,35551,14917,20614,23,685
Aug14,23,68568,35551,74616,61013,71,939
Sep13,71,93968,35552,34916,00613,19,590
Oct13,19,59068,35552,96015,39512,66,630
Nov12,66,63068,35553,57814,77712,13,052
Dec12,13,05268,35554,20314,15211,58,849
2027
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan11,58,84968,35554,83513,52011,04,014
Feb11,04,01468,35555,47512,88010,48,539
Mar10,48,53968,35556,12212,2339,92,417
Apr9,92,41768,35556,77711,5789,35,640
May9,35,64068,35557,43910,9168,78,201
Jun8,78,20168,35558,11010,2468,20,091
Jul8,20,09168,35558,7889,5687,61,303
Aug7,61,30368,35559,4738,8827,01,830
Sep7,01,83068,35560,1678,1886,41,663
Oct6,41,66368,35560,8697,4865,80,794
Nov5,80,79468,35561,5796,7765,19,215
Dec5,19,21568,35562,2986,0584,56,917
2028
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan4,56,91768,35563,0255,3313,93,892
Feb3,93,89268,35563,7604,5953,30,132
Mar3,30,13268,35564,5043,8522,65,628
Apr2,65,62868,35565,2563,0992,00,372
May2,00,37268,35566,0182,3381,34,354
Jun1,34,35468,35566,7881,56767,566
Jul67,56668,35567,5677880
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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