Education Loan Calculator
Plan student-loan repayments in Pakistan — monthly installments, total interest and payoff schedule.
Education Loan Calculator
Education Loan Calculator
Results
Breakdown
Detailed Breakdown
| Month | Principal | Interest | Balance |
|---|---|---|---|
| Start | — | — | Rs. 800,000.00 |
| Month 1 | Rs. 13,067.07 | Rs. 8,000.00 | Rs. 786,932.93 |
| Month 2 | Rs. 13,197.74 | Rs. 7,869.33 | Rs. 773,735.19 |
| Month 3 | Rs. 13,329.72 | Rs. 7,737.35 | Rs. 760,405.48 |
| Month 4 | Rs. 13,463.01 | Rs. 7,604.05 | Rs. 746,942.46 |
| Month 5 | Rs. 13,597.64 | Rs. 7,469.42 | Rs. 733,344.82 |
| Month 6 | Rs. 13,733.62 | Rs. 7,333.45 | Rs. 719,611.20 |
| Month 7 | Rs. 13,870.96 | Rs. 7,196.11 | Rs. 705,740.24 |
| Month 8 | Rs. 14,009.67 | Rs. 7,057.40 | Rs. 691,730.58 |
| Month 9 | Rs. 14,149.76 | Rs. 6,917.31 | Rs. 677,580.81 |
| Month 10 | Rs. 14,291.26 | Rs. 6,775.81 | Rs. 663,289.55 |
| Month 11 | Rs. 14,434.17 | Rs. 6,632.90 | Rs. 648,855.38 |
| Month 12 | Rs. 14,578.51 | Rs. 6,488.55 | Rs. 634,276.87 |
| Month 13 | Rs. 14,724.30 | Rs. 6,342.77 | Rs. 619,552.57 |
| Month 14 | Rs. 14,871.54 | Rs. 6,195.53 | Rs. 604,681.02 |
| Month 15 | Rs. 15,020.26 | Rs. 6,046.81 | Rs. 589,660.77 |
| Month 16 | Rs. 15,170.46 | Rs. 5,896.61 | Rs. 574,490.31 |
| Month 17 | Rs. 15,322.17 | Rs. 5,744.90 | Rs. 559,168.14 |
| Month 18 | Rs. 15,475.39 | Rs. 5,591.68 | Rs. 543,692.75 |
| Month 19 | Rs. 15,630.14 | Rs. 5,436.93 | Rs. 528,062.61 |
| Month 20 | Rs. 15,786.44 | Rs. 5,280.63 | Rs. 512,276.17 |
| Month 21 | Rs. 15,944.31 | Rs. 5,122.76 | Rs. 496,331.86 |
| Month 22 | Rs. 16,103.75 | Rs. 4,963.32 | Rs. 480,228.11 |
| Month 23 | Rs. 16,264.79 | Rs. 4,802.28 | Rs. 463,963.33 |
| Month 24 | Rs. 16,427.44 | Rs. 4,639.63 | Rs. 447,535.89 |
| Month 25 | Rs. 16,591.71 | Rs. 4,475.36 | Rs. 430,944.18 |
| Month 26 | Rs. 16,757.63 | Rs. 4,309.44 | Rs. 414,186.56 |
| Month 27 | Rs. 16,925.20 | Rs. 4,141.87 | Rs. 397,261.35 |
| Month 28 | Rs. 17,094.45 | Rs. 3,972.61 | Rs. 380,166.90 |
| Month 29 | Rs. 17,265.40 | Rs. 3,801.67 | Rs. 362,901.50 |
| Month 30 | Rs. 17,438.05 | Rs. 3,629.01 | Rs. 345,463.44 |
| Month 31 | Rs. 17,612.43 | Rs. 3,454.63 | Rs. 327,851.01 |
| Month 32 | Rs. 17,788.56 | Rs. 3,278.51 | Rs. 310,062.45 |
| Month 33 | Rs. 17,966.44 | Rs. 3,100.62 | Rs. 292,096.01 |
| Month 34 | Rs. 18,146.11 | Rs. 2,920.96 | Rs. 273,949.90 |
| Month 35 | Rs. 18,327.57 | Rs. 2,739.50 | Rs. 255,622.33 |
| Month 36 | Rs. 18,510.85 | Rs. 2,556.22 | Rs. 237,111.49 |
| Month 37 | Rs. 18,695.95 | Rs. 2,371.11 | Rs. 218,415.53 |
| Month 38 | Rs. 18,882.91 | Rs. 2,184.16 | Rs. 199,532.62 |
| Month 39 | Rs. 19,071.74 | Rs. 1,995.33 | Rs. 180,460.88 |
| Month 40 | Rs. 19,262.46 | Rs. 1,804.61 | Rs. 161,198.42 |
| Month 41 | Rs. 19,455.08 | Rs. 1,611.98 | Rs. 141,743.33 |
| Month 42 | Rs. 19,649.64 | Rs. 1,417.43 | Rs. 122,093.70 |
| Month 43 | Rs. 19,846.13 | Rs. 1,220.94 | Rs. 102,247.57 |
| Month 44 | Rs. 20,044.59 | Rs. 1,022.48 | Rs. 82,202.97 |
| Month 45 | Rs. 20,245.04 | Rs. 822.03 | Rs. 61,957.94 |
| Month 46 | Rs. 20,447.49 | Rs. 619.58 | Rs. 41,510.45 |
| Month 47 | Rs. 20,651.96 | Rs. 415.10 | Rs. 20,858.48 |
| Month 48 | Rs. 20,858.48 | Rs. 208.58 | Rs. 0.00 |
About the Education Loan Calculator
Whether it is a home, car, bike or personal loan, the two numbers that matter are the monthly installment (EMI) and the total interest over the loan's life. This Education Loan Calculator computes both from the loan amount, rate and tenure, using the standard reducing-balance formula used by Pakistani banks.
The calculation applies the annual rate monthly to the outstanding balance, so early payments are mostly interest and later payments mostly principal — exactly how banks structure the repayment. The amortisation table shows this month by month.
KIBOR-based pricing is common for home loans in Pakistan: banks quote 'KIBOR + spread', and the effective rate you enter should be the full rate you will actually pay. Getting this right is the difference between a realistic EMI and a misleading one.
Use the tool to test scenarios before you commit: a larger down payment, a shorter tenure, or a better rate. Keep your total monthly debt payments under roughly 40–50% of take-home income, and compare the total-interest column across banks — that is where the real money is saved.
How to calculate your loan EMI
- 1
Enter the loan amount (principal) in PKR.
- 2
Enter the annual interest rate your bank quoted.
- 3
Enter the tenure in months.
- 4
Read your EMI, total payment and total interest, plus the full amortisation table.
Frequently Asked Questions
What is an EMI?
EMI (Equated Monthly Installment) is the fixed monthly amount you pay a lender until the loan is fully repaid, including interest.
Does a longer tenure reduce my monthly payment?
Yes — spreading the loan over more months lowers the monthly payment, but increases total interest because interest accrues longer. Compare tenures before choosing.
What is KIBOR and how does it affect my loan?
KIBOR is the Karachi Interbank Offered Rate — the benchmark Pakistani banks use to price floating-rate loans. A loan quoted as 'KIBOR + 3%' reprices as KIBOR moves, so your EMI can change over the loan's life.
Should I choose a shorter or longer tenure?
A shorter tenure means a higher EMI but far less total interest. A longer tenure lowers the EMI but multiplies the interest — compare both with this calculator before deciding.