Your education loan, explained.

Education loan · Sahyadri Bank Ltd · ••••6644

Illustrative

Education loan · India · Bank

Sanction15 Jun

EMI

₹11,330

84 months from 1 Jul 2025

Owed now

₹6,00,400

per the latest statement

Tax deduction

₹82,337

tax saved at 30%, est.

Rate a year

9.75%

fixed

An education loan of ₹6,00,000 from Sahyadri Bank Ltd at 9.75% a year, for study in India. Interest built up while studying (about ₹87,830) and was added to the loan; EMIs started on 1 Jul 2025 and run 84 months. The interest is tax-deductible for 8 years under the old regime.

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