Your education loan, explained.

Education loan · Tapti Vidya Loan · Tapti Bank Ltd · ••••7302

Illustrative

Education loan · India · Bank

Sanction20 Jun

Interest building up

₹83,250

added to the loan on 30 Jun 2030

Paid out

₹2,00,000

of ₹4,00,000 sanctioned

EMIs start

30 Jun 2030

in 44 months

EMI

₹3,627

for 120 months, on what's paid out so far

50% of the loan paid out₹2,00,000 still to come

An education loan of ₹4,00,000 from Tapti Bank Ltd at 9.25% a year (floating), for study in India. Interest builds up while studying (about ₹83,250) and is added to the loan; EMIs start on 30 Jun 2030 and run 120 months. The interest is tax-deductible for 8 years under the old regime.

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