Everything you need to know about educational loan interest calculators.
An education loan interest calculator is also known as an EMI calculator. It is an extremely useful tool that can help you create streamlined repayment plans and ensure you have a smooth borrowing experience. However, despite this, not many students are aware of these innovative online calculators. Keeping this in mind, the following article will attempt to build awareness around these helpful tools by explaining what they are, how to use them, and the benefits of using them before you apply for a loan. So, what is an education loan interest calculator? As mentioned earlier, an education loan interest calculator is better known as an EMI calculator. It is a simple yet extremely powerful online tool that calculates the equated monthly installments of your education loan. A good EMI calculator will also tell you the break-up of the interest amount & the principal repayment amount of each EMI along with the total interest payable. That’s why the EMI calculator is also known as an ...