Use Our Education Loan EMI Calculator
(Principal + Interest)
What Are Education Loan EMI Calculators?
An educational loan calculator allows you to understand your financial obligations once you opt for an education loan. They work like normal calculators. To use the EMI calculator education loan amount with Ravi Savani, you can visit our website and locate the online EMI calculator tool. You have to enter a few details about your loan, including the interest on education loan and click the Calculate button.
We’ll tell you what your estimated EMI will be within a fraction of a second. You won’t need any spreadsheets or formulae or mental maths. Our powerful EMI calculator algorithm will do all the work for you and help you identify the lowest education loan interest rate possible based on your needs.
Education Loan Interest Rates
While using the educational loan calculator, you must remember that Education Loan Ravi Savani works with a floating education loan interest rate in India. We do this to ensure you always get the most competitive education loan rate of interest. We calculate the interest on your loan using the formula: Interest = Education Loan Ravi Savani Base Rate (+) Spread.
To calculate education loan EMI, you can use the base rate of 14.55% (WEF 01.12.2024) on the EMI education loan calculator. The spread changes periodically based on your overall credit and course profiling. We use a simple interest rate with monthly rest to calculate the interest on education loan for students.