Can I use the calculator to estimate the tenure of my education loan on property?

The education loan calculator does not estimate the tenure - you need to input the desired loan tenure to use the calculator.

Based on details like loan amount, interest rate, and tenure you specify, it calculates the EMI amount.

To plan the optimal tenure for repayment, you need to try different tenure options in the calculator and assess the resulting EMI amount along with total interest outgo.

A longer tenure results in a lower EMI burden but higher total interest paid. A shorter tenure means higher EMI but less interest burden.

You have to evaluate your income potential after the course and decide an optimal tenure that provides affordable EMIs while minimising interest outgo.

Financial institutions will also determine the final approved tenure based on your age, career prospects, financials and existing liabilities.