Education is essential but expensive, especially if you wish to go abroad or to an A-level college in the country. At that time, an education loan with its flexible tenure and varying rates comes to the rescue. With Uponly, you can take yours from the bank of your choice and pay it off in easy installments. But, for that, you also need an education loan EMI calculator.
Why to use Uponly education loan EMI calculator?
Fast |
Simple |
100% free |
Options
We will tell you why using the Uponly Education Loan EMI Calculator can help you plan your studies and choose your colleges in the best way possible.
Fast: Uponly education loan EMI calculator is an extremely fast tool. All you have to do is punch in the information and it will instantly generate your EMI over the said tenure and rate of interest.
Simple: We have done all the hard work for you. Choose the best bank from our dynamic list of trending ones and put the details in the calculator. That’s all! Depending on the EMI generated, choose your loan and fly off to your destination.
100% Free: We don’t charge to make your life easier. Use our education loan EMI calculator tool for free. It will give you accurate results and there is no charge for that.
Options: We believe in giving you a clear picture of all the options. Know which bank to go for on the basis of rates and tenure and the EMI calculated and choose your plan after thorough thinking. Our experts are available 24 x 7 to assist you.
How to use Uponly education loan EMI calculator in the best way?
Now that you know how good our education loan EMI calculator is, we will tell you how to use it in the best way possible so that you can plan your studies and future in the best way.
Step 1: First thing, put in the loan amount that you require, in the relevant field.
Step 2: Next, put in the tenure during which you would be comfortable paying off the loan.
Step 3: Depending on the trending bank rates, update this field for a tentative look into the interest amount that you would be paying on your education loan.
Step 4: This is the field that many do not know about or forget, thus owing to some surprising (shocking) charges afterwards. We are talking about the processing fee. While filling the relevant details, also put in the processing fee of the respective bank.
Step 5: Would you like to consider prepayment at any point of time? This also affects your EMI. Choose the option depending on what you think of your finances in the coming time.
Step 6: Give all the fields one final check and then submit it. The calculator will instantly generate your EMI amount.
Trust us when we say, the whole process does not take more than a few seconds. We know time is precious when you are planning your career panning a whole future ahead. Invest it in the right place.
Is Uponly education loan EMI calculator customisable?
Totally! We know that everyone has varying financial constraints and needs, and so, our calculator is created in a fully-customisable manner so that you can punch in different figures until you reach the EMI and tenure that works best for you. When in doubt, our experts are there to help you out.
What are the top trending bank rates for education loan EMI in India?
| Banks | Interest Rate | Processing Fees |
|---|---|---|
| State Bank of India | 6.85% to 8.65% p.a. | Up to Rs.10,000 |
| Bank of India | 6.80% to 10.05% p.a. | Up to Rs.5,000 |
| ICICI Bank | 10.50% p.a. onwards | RAAC pricing + GST |
| Axis Bank | 13.70% to 15.20% p.a. | Rs.15,000 + GST |
| HDFC | 9.40% to 13.34% p.a. | Up to 1% of loan amount |
How to use the Uponly education loan EMI calculator for NRI financial entities?
Want to apply for an education loan abroad? Not a problem. You can totally fill in the relevant details in the Uponly education loan EMI calculator and figure out which is the fixed monthly amount that you are comfortable paying. Just remember that the highest loan amount that you can draw is 1 crore, and the maximum tenure is 30 years. Happy calculating!
How to calculate EMI if you do not know about your processing fee?
Again, with Uponly, you do not have to worry at all. Just pick up your phone and give us a call at our toll-free number. We will guide you to the banks and let you know the relevant information, including the processing fee so that you can get the exact EMI calculated using our calculator.
Will you be bombarded with ads for loans if you use Uponly education loan EMI calculator?
Well, no. For starters, we at Uponly.in believe in privacy. We do not use proxy tools that collect your interests and information to then push their own ads and make your life difficult. Use our education loan EMI calculator without any worry. The information is private and meant to make you plan your future in an easy manner.
How to calculate EMI using Uponly.in EMI calculator?
You can do that in a few simple steps.
Step 1: Log on to Uponly.in
Step 2: Click on the home loan EMI calculator
Step 3: Enter the amount you wish to borrow
Step 4: Enter the prepayment period
Step 5: Enter the tenure over which you wish to pay your loan
Submit these details and you will instantly get your EMI. Then you can choose a financial institution of your choice from the wide range of options that are available on Uponly.in.
