Education Loan Subsidy Calculator
Simulate Central Sector Interest Subsidy (CSIS) and PM Vidyalaxmi benefits. Calculate exact interest paid by the government during your study period.
Explore specialized student loan simulators, moratorium calculators, government subsidies, tax deductions, and bank presets:
🏛️ Key Government Subsidy Slabs in India
Family Income ≤ ₹4.5 Lakh. 100% interest subsidy during course + 1 year grace.
Family Income ≤ ₹8.0 Lakh. Top 860 NIRF institutes. 3% interest subvention up to ₹10L.
OBC/EBC (≤ ₹8L). 100% interest subsidy for overseas Master's & PhD programs.
Subsidy Scheme Setup
📑 Required Documents for Subsidy Claim:
Submit your official Income Certificate issued by the Revenue Authority (Tahsildar/SDM) to your bank branch before 1st disbursement.
Amortization Schedule
Interactive breakdown of balance, interest, and prepayment impact
| Period | EMI Paid | Principal Paid | Extra Prepayment | Interest Paid | Total Payment | Remaining Balance |
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Frequently Asked Questions
What is the Central Sector Interest Subsidy (CSIS) scheme?
The Central Sector Interest Subsidy (CSIS) is a Ministry of Education initiative in India where the Government pays 100% of the interest accrued during the entire course duration + 1 year moratorium for students from Economically Weaker Sections (EWS with family income up to ₹4.5 Lakh).
What is the new PM Vidyalaxmi scheme?
Under the PM Vidyalaxmi Scheme, students admitted to top 860+ Quality Higher Education Institutes (QHEIs based on NIRF rankings) can get collateral-free, guarantor-free education loans up to ₹10 Lakh with a 3% to 100% interest subvention for families with income up to ₹8 Lakh.
How do I claim an education loan subsidy?
You must apply on the official government portal (Jan Samarth Portal or PM-Vidyalaxmi Portal) and upload an authentic Income Certificate issued by an authorized State Revenue Authority (Tahsildar/SDM) before loan disbursement.
Can I get a subsidy for studying abroad?
Under the Dr. Ambedkar Central Sector Scheme and previously Padho Pardesh, interest subsidy is available for OBC, EBC, and minority students pursuing Master's, M.Phil, or Ph.D. degrees abroad.