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Education Loan EMI Calculator
Calculate your monthly EMI for online MBA, MCA, BBA, BCA education loans. Most banks offer education loans at 8-12% interest for UGC-approved programs.
Calculate Your EMI
₹50K₹1,50,000₹5L
6%10%18%
Your Monthly EMI
₹6,922
Total Payment
₹1,66,122
Total Interest
₹16,122
Education Loan Tips
- UGC-DEB approved programs are eligible for education loans
- SBI, HDFC, Axis offer education loans at 8.5-11% interest
- Most banks offer 100% financing for top-ranked universities
- EMI moratorium available during study period
- Tax benefit under Section 80E on interest paid
Compare University Fees
Online MBA fees range from ₹40,000 to ₹4,00,000 depending on the university.
View all universities →How to Finance Your Online MBA/MCA in India
Online degrees from UGC-DEB approved universities are eligible for education loans from all major banks. With fees ranging from ₹40,000 to ₹4,00,000 for a complete program, most students can comfortably finance their education through EMI options.
Popular Banks for Education Loans
- SBI Scholar Loan: 8.5% onwards, up to ₹20 lakhs without collateral
- HDFC Credila: 9.5% onwards, flexible repayment options
- Axis Bank: 10.5% onwards, quick processing
- ICICI Bank: 10% onwards, covers tuition + living expenses
Tax Benefits on Education Loan
Under Section 80E of the Income Tax Act, the interest paid on education loans is fully deductible from your taxable income. There is no upper limit on this deduction, and it can be claimed for up to 8 years from the year you start repaying.