Calculating an Education Loan EMI is significantly different from a standard personal or home loan. Because students are not expected to repay the loan while studying, banks offer a Moratorium Period (usually the course duration plus 6 to 12 months grace).
During this study phase, you aren't required to pay the principal, but the bank *does* charge Simple Interest on the disbursed amount. If you choose not to pay this interest during your studies, it gets capitalized—meaning it gets added to your base loan amount when your actual EMI phase kicks in. Our calculator handles this exact moratorium math, helping students and parents plan their post-graduate debt precisely.