MoneyLens / Education loans
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.
Myra's most important observations
The loan's timeline
Sanction p.1, Loan · Sanction p.1, Interest · Sanction p.1, Repayment- CourseB.Tech (4 years)
- Course ends30 Jun 2029
- EMIs start30 Jun 2030
- Repaid over120 months
- Rate9.25% a year · floating, EBLR
- If interest is paid while studying0.50% off
- Interest while studyingAdded, simple interest
Payouts, security and co-borrower
Statement p.1, Disbursements- Paid out 1 Jul 2025₹1,00,000
- Paid out 1 Jul 2026₹1,00,000
- Still to be paid out₹2,00,000
- SecurityNone
- Co-borrowerparent
Each payout earns interest from its own date. A co-borrower owes the whole loan, and it shows on their credit report.
Extracted terms
Each term keeps its source. Interest, tax and subsidies are on the Interest & Tax tab.
| Term | Value | Source | Status |
|---|---|---|---|
| Product name | Tapti Vidya Loan | Sanction p.1 | Verified |
| Reference number | ••••7302 | Sanction p.1 | Verified |
| Type of lender | Bank | Sanction p.1 | Verified |
| Studying in | India | Sanction p.1 | Verified |
| Course | B.Tech (4 years) | Sanction p.1 | Verified |
| Course ends | 30 Jun 2029 | Sanction p.1, Repayment | Verified |
| Moratorium after the course | 12 months | Sanction p.1, Repayment | Verified |
| Loan sanctioned | ₹4,00,000 | Sanction p.1, Loan | Verified |
| Sanctioned on | 20 Jun 2025 | Sanction p.1 | Verified |
| Disbursements | 1 Jul 2025 ₹1,00,000 · 1 Jul 2026 ₹1,00,000 | Statement p.1, Disbursements | Verified |
| Interest rate, a year | 9.25% | Sanction p.1, Interest | Verified |
| Rate type | Floating | Sanction p.1 | Verified |
| Benchmark | EBLR | Sanction p.1 | Verified |
| Concession if interest is paid during studies | 0.50% | Sanction p.2, Interest | Verified |
| Interest during studies | Added to the loan (simple) | Sanction p.2, Interest | Verified |
| Repaid over | 120 months | Sanction p.1, Repayment | Verified |
| Security asked for | None | Sanction p.1, Security | Verified |
| Co-borrower | Parent | Sanction p.1 | Verified |