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Education Loan EMI Calculator

Availing an education loan is a big step. It is a significant sum of money that needs some planning beforehand so that you can repay in time. Read More

Here, the Education Loan EMI calculator can help. It is a convenient tool that can assist you in planning your monthly repayments and tenure.Read Less

Loan Amount

Rate of Interest

Course Duration

Loan Tenure

Your monthly EMI amount

Your monthly EMI amount, post moratorium period

Your monthly EMI amount, post moratorium period

The amount might change as per actual details

Apply Now

This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to Metra Trust’s policy for approval.



This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to Metra Trust’s policy for approval.

 

 

Dear your total eligible amount is

The amount might change as per actual details

Apply Now

This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to Metra Trust’s policy for approval.

 

 

Dear

The amount might change as per actual details

Apply Now

This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to Metra Trust’s policy for approval.

 

 

Our representative will reach you shortly

This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to Metra Trust’s policy for approval.

 

 

Your monthly income

Rate of interest

Loan Tenure

Your monthly obligation

Dear  your total eligible amount is

The amount might change as per actual details

Apply Now

This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to Metra Trust’s policy for approval.

 

 

Oops, there seems to be some issue with the input values. Please re-enter or contact our bank representative.

This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to Metra Trust’s policy for approval.

 

 

Loan Amount

Rate of Interest

Tax saved per year

Effective ROI

This calculator is a self- help instrument meant for illustrative purspose only. Figures displayed above are indicative, actual values might differ on the basis of applicant's profile. All loans will be subjected to Metra Trust’s policy for approval.

 

Benefits of an Education Loan EMI Calculator

Apart from giving a quick, real-time estimation of your EMI amount and saving time, the Education Loan EMI calculator also has other benefits. Some of them are as follows:

Gives precise estimation of EMIs

There is a possibility of error when you manually calculate your education loan EMIs. However, with education loan EMI calculator you can be rest assured that you would get precise EMI estimations on your education loan.

Helps plan your finances

You can calculate the EMI amount you will require to pay by entering the data into the calculator. It is an important piece of information as it reflects whether and by when you can repay the loan and its probable impact on your finances. The education loan EMI calculator by Metra Trust also comes with different repayment modes, so you can try them to see which one fits your needs.

Is convenient

You can use an Education Loan EMI calculator on your mobile phone or on laptop as it works everywhere and, on any device, making it highly convenient for everyone to do Education Loan EMI planning.

Gives precise estimation of EMIs

There is a possibility of error when you manually calculate your education loan EMIs. However, with education loan EMI calculator you can be rest assured that you would get precise EMI estimations on your education loan.

Helps plan your finances

You can calculate the EMI amount you will require to pay by entering the data into the calculator. It is an important piece of information as it reflects whether and by when you can repay the loan and its probable impact on your finances. The education loan EMI calculator by Metra Trust also comes with different repayment modes, so you can try them to see which one fits your needs.

Is convenient

You can use an Education Loan EMI calculator on your mobile phone or on laptop as it works everywhere and, on any device, making it highly convenient for everyone to do Education Loan EMI planning.

What is Education Loan EMI calculator?


It is an online tool for calculating your loan EMIs. With few inputs you can quickly find out the EMIs you will need to pay on your education loan, much like a simple calculator!

How does the Education Loan EMI calculator help you?


1. Delivers instant results


You can use an education loan EMI calculator to estimate the EMIs you will be required to pay on your loan. Enter the tentative loan amount, tenure, interest rate, and course duration - the tool will instantly tell you the amount of your EMI.

2. Easy to use 


A simple calculator-like interface and only four inputs. You only need to enter your loan amount, interest rate, loan tenure, and course duration.

3. Customizable


You can change the combination of the four inputs to arrive at the amount of EMI that works for you and plan your repayment.

How to use an Education Loan EMI Calculator?


It is easier than the calculator on your phone! Anyone can use it to calculate the education loan EMIs. Just follow these steps:

• Enter the loan amount you want to borrow as Education Laon

• Enter the approximate interest rate for your education loan

• Select the loan tenure you want. An education loan tenure can last from 5-7 years, but some lenders may also offer tenures up to 15 years.

Upon entering these inputs, you can see upfront the amount of education loan EMI you will require to pay. However, do note that the EMI can change slightly after factoring in interest changes, processing fees, and other mandatory components.

FREQUENTLY ASKED QUESTIONS

How to apply for an Education Loan with Metra Trust?

We have simplified the procedure wherein we offer convenience of applying through various modes including our website, branch, mobile application and calling agents. You can even verify your eligibility for an education loan online. You can enter your basic details online, and we will assist you throughout the journey.

What are the documents required for successful application and disbursement of Education Loan?

When applying for an Education Loan with Metra Trust, you must submit your KYC documents and proof of address. At Metra Trust, we believe in your potential and provide loan based on your future income. However, co-applicant’s income is required for assessment on a case-to-case basis as per the Metra Trust’s policy.

How many times can I use an education loan EMI calculator?

There is no limit on the number of times you can use an education loan EMI calculator. Using the calculator does not affect your credit score, so you do not have to worry about using the calculator.

Is an education loan eligible for tax deduction?

Section 80E of the IT Act allows you to deduct interest paid on loans taken for higher education from your taxable income. The deduction is allowed on the entire interest amount of the EMI paid throughout the financial year.

When should I use an Education Loan EMI calculator?

You should use the Education Loan EMI calculator once you have decided to take a loan. The Education Loan EMI calculator requires the loan amount, the interest rate, and the loan term to provide an estimation of your EMI amount.

What happens if you do not use an Education Loan EMI calculator?

Using the EMI calculator is not mandatory. You can also calculate your applicable EMIs manually. However, an EMI calculator saves a lot of time and reduces effort significantly. Also, it has less risk of calculation error and you can do customize the output, i.e., the EMI amount according to your requirements, other financial considerations and goals.

How much is the margin money required to avail an education loan?

Metra Trust provides up to 100% financing. The quantum of margin money is subjected to the institute classification done in Metra Trust’s policy.

What if I miss my EMI or pay late? Are there any charges?

Yes, there are nominal charges wherein you have to pay 2% per month of the unpaid amount or INR 300 whichever is higher.

What are the different repayment modes offered by Metra Trust ?

With Metra Trust’s education loan, you will enjoy flexible repayment options as below:

EMI – Start repaying your loan immediately

Simple Interest – Pay only simple interest, while you study

Moratorium – You need not to pay anything, while you study

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