SBI Education Loan EMI Calculator
Calculate monthly repayment schedules on SBI higher education loans for premier institutions in India and abroad.
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Official Rate Formula & Benchmark:
SBI Education Loans use reducing balance interest linked to EBLR starting at 8.20% p.a. Moratorium covers course duration plus 12 months.
Current official starting rate: 8.20% p.a. (Range: 8.20% – 10.50% p.a.).
SBI Education Loan EMI Calculator
Interactive calculation engine using official SBI rates
Official SBI Rate (8.20%)
₹15,00,000
₹1.00 L₹2.00 Cr
%
5.00%Published range: 8.2% - 10.5%20.00%
10 Years(120 mo)
1 Yr30 Yrs
Monthly EMI
₹18,358
For 10 years at 8.20% p.a. reducing balance
Principal Loan Amount₹15,00,000
Total Interest Payable₹7,02,969
Total Amount Payable₹22,02,969
Principal (68.1%)Interest (31.9%)
Calculated according to standard Indian banking methodology (Quarterly compounding for deposits, monthly reducing balance for loans).
Yearly Repayment Schedule
| Year | Principal Paid | Interest Paid | Total Paid | Balance |
|---|---|---|---|---|
| Year 1 | ₹1,01,037 | ₹1,19,259 | ₹2,20,296 | ₹13,98,963 |
| Year 2 | ₹1,09,641 | ₹1,10,655 | ₹2,20,296 | ₹12,89,322 |
| Year 3 | ₹1,18,977 | ₹1,01,319 | ₹2,20,296 | ₹11,70,345 |
| Year 4 | ₹1,29,108 | ₹91,188 | ₹2,20,296 | ₹10,41,236 |
| Year 5 | ₹1,40,102 | ₹80,194 | ₹2,20,296 | ₹9,01,134 |
Rate Verification & Official Notice
Verified Official Published RateLast verified:
Rate Methodology →Headline / Starting Rate
8.20% p.a.
Effective Rate Range
8.20% – 10.50% p.a.
floating RateBenchmark Index
EBLR (8.65%)
Applicable Conditions & Eligibility Factors:
- 0.50% concession for girl students
- Full tax deduction under Section 80E on interest
Source: SBI Education Loan Guidelines
Rates subject to borrower risk-grade & RBI regulatory changes.How It Works
- 1Moratorium of course period plus 12 months.
- 2100% tax deduction on interest under Section 80E.
Key Factors Influencing Your Rate
- •Girl student 0.50% rebate
- •No collateral up to ₹7.5 Lakh under CGFSEL
Worked Numerical Example: SBI Education Loan EMI Calculator
Principal₹15,00,000
Rate Applied8.2% p.a.
Tenure10 Years
Monthly EMI₹18,358
For a ₹15,00,000 loan at 8.20% p.a. for 10 years (120 months), your monthly EMI is ₹18,358, with total interest of ₹7,02,969.
Frequently Asked Questions: SBI Education Loan EMI Calculator
- What is moratorium period?
- Course duration plus 1 year.
- Is tax deduction available?
- Full interest deduction under Section 80E for 8 years.