Calculate Monthly Student Loan Payments
Estimate monthly payments for federal and private student loans. Standard, income-driven, and refinanced options.
India
SBI education loan: 8.5-10.5%। ₹10 lakh, 10 years: EMI ~₹12,400। Moratorium: course + 1 year। Section 80E: UNLIMITED interest deduction (no cap!) for 8 years। Vidyalakshmi portal: apply to multiple banks simultaneously।
Abroad Studies
US/UK MS: ₹25-50 lakh loan। Collateral above ₹7.5 lakh। Post-MS salary abroad: loan repayable in 2-3 years usually। Prodigy Finance, HDFC Credila: specialized abroad education loans।
The average 2024 graduate carries $29,400 in student loan debt. At the standard 10-year repayment, that is $319/month. Every $100/month in extra payments cuts the payoff time by 3-4 years and saves $3,000-5,000 in interest. Even small extra payments have an outsized impact.
