Moratorium silently inflates your loan
During the 1-yr moratorium, interest compounds monthly and is added to principal. You'll repay EMIs on a larger effective principal.
+₹1,65,305 added to principal
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Compare 6 tenures
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Moratorium math
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You will repay
₹23,85,566
for a loan of ₹15,00,000 · ₹8,85,566 extra in interest & fees
Monthly EMI
₹28,078
Total interest
₹8,58,566
Moratorium
₹1,65,305
Upfront fees
₹27,000
Effective principal₹16,65,305
Total months84 months
Total payment₹23,58,566
Where your money goes
₹23,85,566
- Principal₹15,00,000
- Interest (post-moratorium)₹6,93,261
- Moratorium interest₹1,65,305
- Fees & insurance₹27,000
Outstanding balance over time
84 months
BalanceCumulative interest
What this loan is really costing you
Auto-generated from your inputs — no AI guesswork, just math.
Adding 2 years lowers EMI but costs ₹2.2L more
EMI drops from ₹28,078 to ₹23,899, but total interest rises by ₹2,22,479.
Cut 2 years → save ₹2.1L
Repaying in 5 years instead of 7 raises EMI to ₹35,794 but saves ₹2,10,932 in interest.
Don't forget upfront costs
Processing fee (1%) and insurance combined: ₹27,000 — usually deducted from disbursal.
Tenure scenarios
Same loan, different repayment horizons
| Tenure | Monthly EMI | Total interest | Total payment | vs current | |
|---|---|---|---|---|---|
3y3 years | ₹54,126 | ₹4,48,554 | ₹19,48,554 | −₹4,10,012 | |
5y5 years | ₹35,794 | ₹6,47,634 | ₹21,47,634 | −₹2,10,932 | |
7y7 years current | ₹28,078 | ₹8,58,566 | ₹23,58,566 | — | |
10y10 years | ₹22,471 | ₹11,96,495 | ₹26,96,495 | +₹3,37,929 | |
12y12 years | ₹20,386 | ₹14,35,538 | ₹29,35,538 | +₹5,76,972 | |
15y15 years | ₹18,408 | ₹18,13,488 | ₹33,13,488 | +₹9,54,922 |
EMIs and interest assume the same rate of 10.50% and your current moratorium settings.
Lender comparison
Tap "Apply this rate" to model the lender's pricing instantly.
BoB
8.4% – 11.5%Bank of Baroda
Public
- EMI @ best rate
- ₹25,747
- Total interest
- ₹6,62,734
- Processing fee
- 1% (max ₹10,000)
- Collateral above
- ₹7.5L
Moratorium · Course period + 12 months. Simple interest.
Note · Baroda Scholar covers 35+ premier institutes worldwide.
SBI
8.55% – 11.15%State Bank of India
Public
- EMI @ best rate
- ₹25,908
- Total interest
- ₹6,76,302
- Processing fee
- 0.1% (max ₹10,000)
- Collateral above
- ₹7.5L
Moratorium · Course period + 12 months. Simple interest accrues.
Note · Lowest rates for premier institutes via SBI Scholar.
ICI
10.5% – 14.5%ICICI Bank
Private
- EMI @ best rate
- ₹28,078
- Total interest
- ₹8,58,566
- Processing fee
- 1% (max ₹11,000)
- Collateral above
- ₹50L
Moratorium · Course + 12 months. Simple interest.
Note · Doorstep service. Strong on overseas studies.
Cre
11.25% – 13.75%HDFC Credila
NBFC
- EMI @ best rate
- ₹28,948
- Total interest
- ₹9,31,616
- Processing fee
- 1.25%
- Collateral above
- Always
Moratorium · Course + 6 months. Compound interest during moratorium.
Note · Specialist NBFC for overseas study; flexible but compounded.
Ava
11.5% – 14.75%Avanse Financial
NBFC
- EMI @ best rate
- ₹29,242
- Total interest
- ₹9,56,336
- Processing fee
- 1.5%
- Collateral above
- Always
Moratorium · Course + 12 months. Compound interest.
Note · Co-lending with PSU banks; quick turnaround.
Axi
13.7% – 15.2%Axis Bank
Private
- EMI @ best rate
- ₹31,928
- Total interest
- ₹11,81,965
- Processing fee
- 2% (max ₹15,000)
- Collateral above
- ₹40L
Moratorium · Course + 6 months. Optional partial interest servicing.
Note · Faster sanctions, higher rates than PSU banks.
Disclaimer: Rates and policies are indicative ranges from public sources, not guaranteed offers. Always confirm with the lender.
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Frequently asked questions
The eight questions every Indian student loan applicant should ask.
- EMI = P × r × (1+r)^n / ((1+r)^n − 1), where P is the effective principal, r is the monthly interest rate (annual rate ÷ 12 ÷ 100) and n is the total number of months. Vidya also adds the moratorium-period interest to your principal before computing EMIs because most Indian banks compound it monthly during your studies.