The amortization schedule also gives you a fair idea about how much an education loan is going to cost you by helping you calculate the total interest amount to be paid over the entire loan tenure. And that’s not all, it also details the amount of loan that you have repaid till date and how much is outstanding. It also gives you an amortization schedule which shows EMI break-up in terms of monthly interest paid and the principal repaid. GyanDhan’s education loan EMI calculator is an online tool that helps students calculate the amount they need to pay monthly after taking an education loan.
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