How Do I Factor in Interest Rate Changes with a Student Loan Calculator?

If your loan has a floating interest rate, it can change over time based on market conditions. To factor this in:

• Use calculators that allow you to input different interest rates for different periods.
• Estimate your repayments based on an average or expected rate over the loan tenure.
• Some advanced calculators let you simulate scenarios with rate hikes or reductions.

This helps you understand how fluctuations impacts your monthly EMI and total interest payable, aiding better financial planning.