What is the monthly repayment amount if I take an education loan for my studies abroad?
The monthly repayment for your education loan depends on the loan amount, interest rate, and repayment period. Typically, repayment begins after your course and a moratorium period of 6-12 months, with EMIs (Equated Monthly Installments) spread over 10-15 years.
For example, a ₹30 lakh loan at 10% annual interest over 10 years would have an EMI of about ₹35,000 - ₹40,000 per month.
Your exact EMI will vary based on your loan details. LeapScholar can help you calculate your specific repayment amount and explore the best loan options for you.
Still have doubts?
Speak to a LeapScholar expert — free, no obligations.
More Cost & living questions
- How do US universities evaluate Indian LLM applicants differently from UK or European law schools?
- What is the fee range for a one-year MBA course compared to a two-year course in UK?
- Do I need to show living expenses in my bank account for visa purposes, and can I withdraw it after reaching Ireland?
- What is the minimum budget required for studying abroad in Canada or Ireland for two years?
- Can you provide the best UK university options for a Master's within my budget?
- What are the tuition fees for studying in Germany for a Master's/Bachelor's?
- What do you think are the chances of living a very comfortable life in the UK compared to India considering expenses?
- How much are the average monthly living expenses in East London including rent and other costs?
