Education Loan EMI for Rs 10 Lakh with 1 Year Moratorium
Calculate the EMI for a Rs 10,00,000 education loan with a 1 year moratorium period before repayment starts.
A ₹10,00,000 education loan at 9.5% p.a. with a 12-month moratorium accrues ₹99,248 in interest before repayment starts, capitalising to ₹10,99,248. Over the 10-year repayment tenure, your EMI is ₹14,224, with total interest of ₹6,07,632 on top of the capitalised principal.
- Loan amount
- ₹10,00,000
- Interest rate
- 9.5% p.a.
- Moratorium period
- 12 months
- Repayment tenure
- 10 years
Monthly EMI
9.5% p.a.₹14,
after 12-month moratorium
Original principal
₹10 Lakhs
₹10,00,000
Interest during moratorium
₹99,
Principal at repayment
₹10.99 Lakhs
₹10,99,248
Total interest (repayment)
₹6.08 Lakhs
₹6,07,632
| Year | Principal paid | Split | Interest paid | Outstanding balance |
|---|---|---|---|---|
| 1 | ₹69,222 | ₹1,01,466 | ₹10,30,026 | |
| 2 | ₹76,092 | ₹94,596 | ₹9,53,934 | |
| 3 |
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During the moratorium, interest accrues monthly and is capitalised (added to the principal) once repayment begins. EMI is then computed on this larger principal using the standard reducing-balance formula over the repayment tenure.