Studying in India
Plan the loan for private and deemed universities, management quota seats and professional courses, with the full fee, hostel and living cost counted.
- MBBS & BDS
- B.Tech & B.E.
- MBA & PGDM
- Nursing & Pharmacy
- Law & Design
An education loan for every study plan
Whether your seat is in a medical college in Maharashtra or a master's programme in Canada, funding should never be the reason you turn down an offer. Bodmas Education helps Indian students plan and compare loans for both routes.
Studying abroad
Estimate your loan for overseas tuition, living expenses and travel, and see how the moratorium affects what you owe when your repayment starts.
- USA
- UK
- Canada
- Australia
- Germany
- Ireland
- New Zealand
- Singapore
Know the real cost of your loan before you borrow
Most students compare interest rates and miss the interest that builds up while they are still studying. This calculator shows the full picture in one place.
Loan eligibility
See how much you can borrow based on course cost, margin money and your family's income.
Monthly EMI
Check an EMI you can actually afford, and adjust the repayment period to fit your budget.
Moratorium interest
Find out how much interest accrues during your course and the principal when EMIs begin.
Total repayment
Understand the total interest and the full amount you will pay back over the loan term.
How to use the education loan calculator
Three quick steps. You don't need any documents to get an estimate.
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Enter your course and costs
Add tuition, hostel, living and travel expenses, plus the amount your family will contribute.
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Set the loan terms
Choose the interest rate, course duration, moratorium and repayment period. We've filled in common defaults.
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Get your estimate
View eligibility, EMI and total repayment instantly, then talk to our team about the next step.
Education loan questions, answered
The questions Indian students and parents ask us most often.
Who can use this education loan calculator?
Indian students planning to study in India or abroad, and their parents or co-applicants, can use it to estimate loan eligibility, EMI and total repayment before applying.
Can I get an education loan to study abroad?
Yes. Many lenders finance studies abroad, covering tuition, living costs and travel. Approval depends on the course, university, country, loan amount and the co-applicant's financial profile.
What is the moratorium period in an education loan?
It is the repayment holiday, usually the course duration plus a few months after it. Interest generally keeps accruing during this time, and this calculator shows the moratorium interest and the principal when your EMIs begin.
What is margin money?
Margin money is the share of the total education cost that the student or family contributes. The lender finances the rest. You can set the margin percentage in the calculator.
What is FOIR and why does it matter?
FOIR (Fixed Obligation to Income Ratio) is the share of monthly income that can go towards loan EMIs. Lenders use it to decide income-based eligibility, so existing EMIs lower the loan you can get.
Is collateral required for an education loan?
It depends on the lender and the loan amount. Many lenders offer collateral-free loans up to a limit, while higher amounts usually need security. Check current terms with your lender.
Is there a tax benefit on education loan interest?
Interest paid on an education loan can be eligible for a deduction under Section 80E of the Income Tax Act under the old tax regime. Please confirm with a tax advisor.
Is the calculator result a loan approval?
No. The result is an estimate. Final eligibility, interest rate and terms are decided by the lender after reviewing your documents.
Your admission is ready. Let's get the funding ready too.
Run your numbers, then speak to a Bodmas Education counsellor who can guide you on education loan options for India and abroad.
Check my loan eligibilityThe figures shown are estimates for planning only and are not a loan offer or approval. Interest rates, eligibility, collateral rules and tax benefits vary by lender and change over time. Please confirm the final terms with your lender.