Do I Need to Pay Interest Every Month for Education Loan?

Generally, interest on education loans accrues from the date of disbursement, but repayment terms vary:

• During Study Period: Most lenders offer a moratorium period where you pay only interest or no payments at all until after course completion.
• Repayment Period: After the moratorium, you start repaying both principal and interest through EMIs.
• Pre-EMI Interest: Some loans require monthly interest payments during the study period, while others allow interest to accumulate and be paid later.

Check your loan agreement for specific terms. Student loan calculators often allow you to factor in moratorium periods and interest-only payment phases.