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Auxilo- EMI Calculator

Calculate your Education Loan repayment with EMI Calculator

Your Monthly Education Loan EMI:

₹28,119

*Monthly Amount Paid To Your Education Loan Provider

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Benefits Of Using The Education Loan EMI Calculator

Quick Results:

Applicants can easily use the this calculator to calculate the EMIS that they will be liable to pay for the pre-determined tenure and interest rate that the education loans are offered, in mere seconds.

Simplicity:

The calculations using this EMI calculator are based on the applicant providing three key bits of information ie the principal amount of the loan, the applicable rate of interest and the loan tenure.

Varying Combinations:

With the educational loan EMI calculator, you can easily input different interest rates and tenures to look for a combination that will allow you to easily repay the principal amount, without putting undue pressure on your finances

Free Usage:

The Auxilio's education loan EMI calculator is a user friendly education loan calculator that is available to everyone free of charge and is easy to use.

How To Use The Auxilo Education Loan EMI Calculator?

The interface of the Auxilio's education loan EMI calculator has been designed to offer utmost efficiency with maximum simplicity. This EMI calculator is user friendly, saves time and is highly scalable. To calculate EMI for your education loan, you just need to enter the following details:

The principal amount of the loan:

In the first section of the education loan EMI calculator, you need to update the total loan amount that you wish to apply for in case of your education loan.

The applicable rate of interest:

In the second section, you need to enter the interest rate that is applicable to your educational loan.

The tenure of the loan:

Similar to the previous steps, you need to enter the tenure that you would wish to choose for your education loan to get the EMI amount payable by you.

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Reviews
star 4.3 out of 5 (Total Reviews: 125)

What Students Say About Auxilo

Anubrata Das star
Anubrata Das
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I don't have words enough to thank Ashish Dubey and Auxilo Finance for helping me with my student loan.

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Alladi Aditya star
Alladi Aditya
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It was a good experience with AUXILO FINSERV PVT. LTD. I am a student who was in search of an educational loan

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Pooja Parab star
Pooja Parab
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It was an extremely smooth journey with Auxilo.When major other organizations failed to provide me a educational loan

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snehal wagh star
Snehal wagh
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A great experience with Auxilo with my educational loan. The way Mr Ashish Dubey has handled my case was amazing.

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Anju Lalwani star
Anju Lalwani
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I got in touch with Auxilo on 14th Sep, applied for education loan for my son and sent documents on 15th.

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snehal kadam star
Snehal kadam
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When I had almost lost my all hopes then AUXILO(The best financial services ever) is the one who made my dream come true of studying abroad.

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Got A Question? Get Answers Right Here!

It is possible to increase the tenure of an education loan, but it depends on the lender's policies and the borrower's qualifications. Some lenders may offer an extension of the loan term based on the borrower's income, credit score, and other factors. Additionally, some loan programs may have a maximum loan term that cannot be exceeded. It is best to check with the lender directly to see what options are available.

To calculate your applicable EMIs without using an education loan calculator, you can use the following formula: EMI = P x r x (1+r)^n/((1+r)^n-1) Where: P = Principal loan amount r = Interest rate (annual interest rate divided by 12) n = Number of months for repayment.For example, if you have a loan amount of Rs. 5,00,000 with an interest rate of 12% p.a. and a repayment period of 60 months, your EMI would be:EMI = 500,000 x 0.01 x (1+0.01)^60/((1+0.01)^60-1) = Rs. 11,289. Please note that this is a rough calculation, and the actual EMI may differ slightly depending on the lender's terms and conditions.

EMI stands for "Equated Monthly Installment." It is a fixed amount of money that you need to pay to your lender each month to pay off a loan. The EMI includes both the interest and the principal amount of the loan. The amount of the EMI is determined by the loan amount, the interest rate, and the loan tenure (the number of months you have to repay the loan). Your lender will provide you with a schedule of EMIs that you need to pay each month until the loan is fully paid off.

You can use an education loan EMI calculator as many times as you need to. It is a useful tool that can help you plan your finances and estimate your monthly payments. You can use it to compare different education loan options and determine which one is the best for you. It is also helpful to use the calculator multiple times as you may need to adjust your education loan amount, interest rate, or repayment period based on your financial situation.

Typically, an education loan is available to students who are enrolled in an accredited college or university, or a vocational or trade school. Eligibility for an education loan may also depend on the student's/Co-applicant's credit history, income, and other financial factors. Some loans may have additional requirements, such as being an Indian citizen or permanent resident, or being enrolled in a specific program or field of study.

More questions?

Click the link below to view the answers to our frequently asked questions.