Education loans: simple interest then EMI

Many education loans have (1) a study / moratorium phase where interest may be simple on the disbursed amount, and (2) a repayment phase with reducing-balance EMI on the outstanding (which may include unpaid interest).

Exact rules vary by lender and scheme (interest servicing during study, partial disbursements, rate type). Always read your sanction letter.

Step 1: Use Simple Interest (or the education simple-interest landing) with principal, rate, and course/moratorium years. Step 2: If interest is unpaid and capitalized, outstanding ≈ principal + simple interest. Step 3: Use Loan EMI or the education EMI landing (and Amortization) on that outstanding with the repayment rate and tenure.

Multiple disbursements make principal a path over time; for a first estimate, use average or total disbursed as your bank defines. A guided single-flow education mode may be added later; the two-step method matches the economics.

The Compound Interest calculator is for growth of a lump sum investment. Education loan study-phase interest is usually simple interest, then EMI — use those tools instead.