Online,Easy and Quick Student Education Loan EMI Repayment Calculation
Student Education Loan Calculator
Instantly calculates your education loan EMI and total loan repayment for different periods.
Student Education Loan Calculation, formulas
Student Education Loan calculator is an EMI repayment calculator which helps you calculate your monthly repayments.
(All you have to do is, Just enter the educational loan amount, Period (in months) and the annual rate of interest, and you are done.)
The Education repayment loan calculator uses the following formulas:
EMI = ( P × r × (1+r)n ) / ((1+r)n - 1)
Total Loan Repayment = EMI × n
EMI = Equated Monthly Installment
r = Interest rate / 1200
P = Loan Amount
n = Period