This education loan EMI calculator with amoratorium period covers all expenses, including tuition fees, hostel charges, travelling, library charges, cost of books, laptop and other additional costs.
The education Loan EMI calculator will help you calculate Equated monthly instalments on any education loan you take.
Inputs-
Total Fees- Here you need to enter the total fees for all the years/semesters needed to complete your education in the college/university.
Total hostel charges- here you need to enter the total hostel or rent charges you will need while attending the college/university including food expenses and travelling if required.
Total education material cost- here you will add the total cost of books, laptops or other miscellaneous expenses.
personal friend and family contribution- here you need to add the amount you, your friends and your family will be contributing towards your education.
Scholarships -Here you need to add scholarship, financial aid/ assistance, award, donation, fellowship and reward you may have got for your proposed education.
Course period - Here you need to add The number of months you need to attend college/university.
Annual bank rate of interest on loan--Here you need to add The annual rate of interest charged by the bank or lender on the loan amount.
Moratorium/Grace period - Here you need to add The moratorium period in months which is a period of time during a loan term when the borrower is not required to make any payments. It is a grace period after which EMI payments start.
Tenure-Here you need to add The number of months in which you wish to repay the loan amount. It usually starts after the course and the moratorium period ends.
The education Loan EMI calculator will help you calculate Equated monthly instalments on any education loan you take.
Inputs-
Total Fees- Here you need to enter the total fees for all the years/semesters needed to complete your education in the college/university.
Total hostel charges- here you need to enter the total hostel or rent charges you will need while attending the college/university including food expenses and travelling if required.
Total education material cost- here you will add the total cost of books, laptops or other miscellaneous expenses.
personal friend and family contribution- here you need to add the amount you, your friends and your family will be contributing towards your education.
Scholarships -Here you need to add scholarship, financial aid/ assistance, award, donation, fellowship and reward you may have got for your proposed education.
Course period - Here you need to add The number of months you need to attend college/university.
Annual bank rate of interest on loan--Here you need to add The annual rate of interest charged by the bank or lender on the loan amount.
Moratorium/Grace period - Here you need to add The moratorium period in months which is a period of time during a loan term when the borrower is not required to make any payments. It is a grace period after which EMI payments start.
Tenure-Here you need to add The number of months in which you wish to repay the loan amount. It usually starts after the course and the moratorium period ends.
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