How to calculate your MBA education loan EMI value?

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How to calculate your MBA education loan EMI
value?
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• Do you want to earn an MBA degree?
• If yes, then study hard in your undergraduate
  years and clear the MBA entrance exam with flying
  colours. Along with that, find different ways to
  fund your MBA education. Many students confirm
  their seat at B-schools by taking an education
  loan for MBA studies to pay its fees because
  pursuing an MBA degree is an expensive affair. To
  help you estimate your total MBA education costs
  and help you estimate the EMI values to repay it,
  we have written this blog.
• Let us look at the costs you would want your
  education loan to cover.
• First, you will need money to pay your course
  tuition fees every year of the course. If your
  MBA college is not in your hometown then you will
  have to relocate to a hostel near your college.
  You will need money to travel to the city where
  your college is based. You will need money to
  sustain a good lifestyle in that city for the
  duration of your MBA course. If you need to
  relocate to a foreign city for your MBA education
  then you will perhaps need more funds to live
  abroad.

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• You will also need money to pay the course exam
  fees, the library fees, buy a laptop, and books
  and stationery expenses, and so on.
• The best education loan in India will cover all
  of these MBA education costs. The best lenders
  would not even ask you to pay margin money, or in
  other words, cover MBA education costs partially.
  They would finance your MBA education costs 100
  percent.
• Once you complete your MBA education and start
  earning money, you will have to repay your
  education loan through EMIs. So, let us look at
  the educational loan EMI calculator and how to
  use it to calculate the value of your loan EMI.
• This calculator has 3 fields in it.

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Education loan amount

• In this field, you have to put the total
  education loan amount you intend to borrow from
  the lender. It should be in Indian Rupees.
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 Rate of interest

• In this field of the educational loan EMI
  calculator, you have to put the rate of interest
  the lender has agreed to charge on your education
  loan. It should be in per cent per annum. In
  India, the education loan interest rate usually
  lies between 9 to 14 percent.

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Repayment tenure

• In this field, you have to put the number of
  years in which you intend to pay off your
  education loan gradually. The maximum repayment
  tenure of education loans in India is generally
  15 years.
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• When you put valid values in these fields and
  press the submit button, you will get a
  speculative EMI value in the result section of
  the calculator. Talk with the lender directly to
  know the exact EMI value to pay off your
  education loan.

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• We hope this article was helpful to you.