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.
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