Education Loan EMI for Rs 20 Lakh with 2 Year Moratorium
See the EMI for a Rs 20,00,000 education loan with a 2 year moratorium period, typical for a longer overseas course.
A ₹20,00,000 education loan at 9.5% p.a. with a 24-month moratorium accrues ₹4,16,691 in interest before repayment starts, capitalising to ₹24,16,691. Over the 10-year repayment tenure, your EMI is ₹31,271, with total interest of ₹13,35,876 on top of the capitalised principal.
- Loan amount
- ₹20,00,000
- Interest rate
- 9.5% p.a.
- Moratorium period
- 24 months
- Repayment tenure
- 10 years
Monthly EMI
9.5% p.a.₹31,
after 24-month moratorium
Original principal
₹20 Lakhs
₹20,00,000
Interest during moratorium
₹4.17 Lakhs
₹4,16,691
Principal at repayment
₹24.17 Lakhs
₹24,16,691
Total interest (repayment)
₹13.36 Lakhs
₹13,35,876
| Year | Principal paid | Split | Interest paid | Outstanding balance |
|---|---|---|---|---|
| 1 | ₹1,52,184 | ₹2,23,072 | ₹22,64,506 | |
| 2 | ₹1,67,288 | ₹2,07,969 | ₹20,97,218 | |
| 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.