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Axis Bank Education Loan EMI Calculator

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MONTHS
%
Yearly/monthly repayment schedule
2025
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jul20,00,00068,35545,02223,33319,54,978
Aug19,54,97868,35545,54722,80819,09,431
Sep19,09,43168,35546,07922,27718,63,352
Oct18,63,35268,35546,61621,73918,16,736
Nov18,16,73668,35547,16021,19517,69,576
Dec17,69,57668,35547,71020,64517,21,866
2026
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan17,21,86668,35548,26720,08816,73,599
Feb16,73,59968,35548,83019,52516,24,769
Mar16,24,76968,35549,40018,95615,75,369
Apr15,75,36968,35549,97618,37915,25,393
May15,25,39368,35550,55917,79614,74,834
Jun14,74,83468,35551,14917,20614,23,685
Jul14,23,68568,35551,74616,61013,71,939
Aug13,71,93968,35552,34916,00613,19,590
Sep13,19,59068,35552,96015,39512,66,630
Oct12,66,63068,35553,57814,77712,13,052
Nov12,13,05268,35554,20314,15211,58,849
Dec11,58,84968,35554,83513,52011,04,014
2027
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan11,04,01468,35555,47512,88010,48,539
Feb10,48,53968,35556,12212,2339,92,417
Mar9,92,41768,35556,77711,5789,35,640
Apr9,35,64068,35557,43910,9168,78,201
May8,78,20168,35558,11010,2468,20,091
Jun8,20,09168,35558,7889,5687,61,303
Jul7,61,30368,35559,4738,8827,01,830
Aug7,01,83068,35560,1678,1886,41,663
Sep6,41,66368,35560,8697,4865,80,794
Oct5,80,79468,35561,5796,7765,19,215
Nov5,19,21568,35562,2986,0584,56,917
Dec4,56,91768,35563,0255,3313,93,892
2028
MonthBeginning balanceEMIPrincipalInterestEnding Balance
Jan3,93,89268,35563,7604,5953,30,132
Feb3,30,13268,35564,5043,8522,65,628
Mar2,65,62868,35565,2563,0992,00,372
Apr2,00,37268,35566,0182,3381,34,354
May1,34,35468,35566,7881,56767,566
Jun67,56668,35567,5677880
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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