An education loan interest calculator is an online instrument that has been specifically designed to provide maximum productivity with great ease.

1. How an Education loan Calculator Can Help You Customize Your
Education
We all are well aware of the growing necessity of education to emerge as victorious in the race
of knowledge economy. Nowadays, with a rapid increase in the cost of quality education in
India and abroad, parents strive hard to stand the additional cost for financing the higher
education of their children.
Parents often find themselves in a dilemma of whether to utilize their savings or to go for an
education loanto fund the premium quality higher education for their children. An education
loan interest calculator is an online instrument that has been specifically designed to provide
maximum productivity with great ease.
• How can you use the education loan interest calculator?
You can easily use an education loan calculator by entering details like: -
1) The total amount that you are going to apply for the student or education loan
2) The second is the interest rate pertinent for the principal amount of the loan.
3) Lastly, you are required to enter the loan tenure that you think is suitable for your
student/education loan.
Generally, the loan term varies from five to seven years but can also extend up to 15 years.
• What are the advantages of using an education loan calculator?
1) Faster Results - This calculator can be used to quickly and efficiently calculate the monthly
installments that you are expected to pay for pre-established loan term and the rate of interest
on your education loan.
2) Easy to use–The calculations on this calculator can be conveniently done using just three
factors- the total amount of the education loan, the interest rate, and the entire period of the
loan.
3) Various combinations- An education loan interest calculator enables you to try out different
combinations of the rate of interests and loan tenure so that you can find an ideal one that
suits your needs and requirements.
4) Free of charge- The best thing about this easily accessible and user-friendly EMI calculator for
a student or education loan is that it is free of cost.
Thus, by using an EMI calculator for an education loan, you can effectively save a lot of time as
compared to the time-consuming conventional method of EMI calculation.

2. For More Details Visit Website : Eduvanz