SBI Education Loan EMI Calculator
Estimate your State Bank of India study loan EMI the correct way — the calculator first works out the principal after the moratorium and interest capitalization, then computes your real post-moratorium EMI, total interest and full amortization schedule. The rate below is pre-filled at an indicative SBI rate; replace it with your sanctioned rate for an exact figure.
Moratorium & Capitalization
Interest accrued during the moratorium is capitalized (added to principal) when EMI begins. The EMI calculator below is pre-filled with the capitalized principal — this is your true repayment base, not the original disbursement amount.
Principal vs Interest
Distribution of your total payment
Yearly Breakdown
Principal and interest paid each year (first 15)
Amortization Schedule
| Month | Opening Balance | EMI | Principal | Interest | Closing Balance |
|---|---|---|---|---|---|
| 1 | ₹19,34,250 | ₹25,188 | ₹9,633 | ₹15,555 | ₹19,24,617 |
| 2 | ₹19,24,617 | ₹25,188 | ₹9,711 | ₹15,477 | ₹19,14,906 |
| 3 | ₹19,14,906 | ₹25,188 | ₹9,789 | ₹15,399 | ₹19,05,117 |
| 4 | ₹19,05,117 | ₹25,188 | ₹9,868 | ₹15,320 | ₹18,95,250 |
| 5 | ₹18,95,250 | ₹25,188 | ₹9,947 | ₹15,241 | ₹18,85,303 |
| 6 | ₹18,85,303 | ₹25,188 | ₹10,027 | ₹15,161 | ₹18,75,276 |
| 7 | ₹18,75,276 | ₹25,188 | ₹10,108 | ₹15,080 | ₹18,65,168 |
| 8 | ₹18,65,168 | ₹25,188 | ₹10,189 | ₹14,999 | ₹18,54,980 |
| 9 | ₹18,54,980 | ₹25,188 | ₹10,271 | ₹14,917 | ₹18,44,709 |
| 10 | ₹18,44,709 | ₹25,188 | ₹10,353 | ₹14,835 | ₹18,34,356 |
| 11 | ₹18,34,356 | ₹25,188 | ₹10,437 | ₹14,751 | ₹18,23,919 |
| 12 | ₹18,23,919 | ₹25,188 | ₹10,521 | ₹14,667 | ₹18,13,399 |
Results are indicative only. Actual EMI may vary based on your lender's rounding method, processing date, stub-period interest, and applicable fees. Always verify with your bank or NBFC before making a financial decision. See our disclaimer for full details.
Frequently Asked Questions
State Bank of India Education Loan — Rates, Moratorium and EMI Explained
SBI offers the lowest education loan rates among large lenders for admits to premier institutes (IITs, IIMs, NITs) under the Scholar Loan scheme, where collateral-free limits go up to ₹50 lakh.
SBI Education Loan Interest Rate & Key Terms (2026)
| Lender type | Public sector bank |
| Schemes | Student Loan Scheme, Scholar Loan (premier institutes), Global Ed-Vantage (abroad) |
| Interest rate — India | 8.05% – 11.15% p.a. (indicative) |
| Interest rate — Abroad | 10.15% – 11.15% p.a. (indicative) |
| Maximum loan — India | ₹50 lakh |
| Maximum loan — Abroad | ₹1.5 crore |
| Moratorium | Course period + 12 months |
| Collateral-free limit | ₹7.5 lakh (₹50 lakh for top institutes under Scholar Loan) |
| Girl student concession | 0.50% |
| Processing fee | Nil up to ₹20 lakh for India; ₹10,000 + GST for Global Ed-Vantage |
Rates and terms are indicative and change with RBI benchmark revisions and SBI's internal policy. Always confirm the sanctioned rate, margin and charges with SBI before signing.
Why Your SBI EMI Is Higher Than You Expect — The Moratorium Effect
The single most misunderstood part of a SBI education loan is the moratorium. During course period + 12 months, you pay no EMI — but simple interest keeps accruing on every rupee SBI disburses. If you do not service that interest, it is capitalized (added to your principal) the day repayment begins. Your EMI is then calculated on this larger capitalized principal, not the amount originally disbursed. The calculator above models this exactly — toggle “pay simple interest during moratorium” to see how much capitalization you can avoid.
A practical tip: even servicing only the monthly interest during the study years can save lakhs over the life of the loan. To see how a lump-sum prepayment after you start earning shrinks the balance, run the numbers through our prepayment calculator.
Section 80E — Claim 100% of SBI Loan Interest
Every rupee of interest you pay on your SBI education loan is deductible from taxable income under Section 80E, with no upper cap, for up to 8 years from the year EMIs begin. In the 30% bracket, a 9.65% loan has an effective after-tax cost of about 6.75%. Collect SBI's interest certificate each financial year and claim it when filing your ITR.
Compare Before You Sign
SBI is one of several lenders worth comparing. Read our full education loan guide and our repayment strategy, then put competing offers side by side on total interest with our loan comparison tool. You can also model the general case on the main education loan EMI calculator.