What is this Education Cost Planner?
This free education cost planner helps students and parents calculate the total cost of a college degree or professional course in India — including tuition fees, hostel, food, books, transport, laptop and living expenses. Unlike just looking at the fee structure, this tool gives you the real total cost of education including all hidden expenses.
Whether you're planning for B.Tech engineering fees, MBBS costs, MBA expenses or any other course, this planner helps you budget for the full duration and decide whether to take a student loan — and for how much.
Average Education Costs in India — Reference Table
| Course | Duration | Govt College (Total) | Private College (Total) |
|---|
| B.Tech / B.E. | 4 years | ₹1–4 lakh | ₹4–20 lakh |
| MBBS | 5.5 years | ₹1–5 lakh | ₹25–80 lakh |
| MBA (IIM) | 2 years | ₹15–25 lakh | ₹8–25 lakh |
| B.Com / BBA / BA | 3 years | ₹30k–1.5 lakh | ₹1.5–8 lakh |
| M.Tech / M.E. | 2 years | ₹50k–2 lakh | ₹2–8 lakh |
| CA (all levels) | 4–5 years | ₹1–2 lakh | ₹2–5 lakh |
Costs above are tuition fees only. Add ₹1–1.5 lakh per year for hostel, food and living expenses for out-of-city students.
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Frequently Asked Questions
What is the total cost of B.Tech in India?
The total cost of a B.Tech degree in India ranges from ₹1–4 lakh at government colleges to ₹4–20 lakh at private colleges for tuition alone. Adding hostel, food, books and living expenses of approximately ₹1–1.5 lakh per year, the total 4-year cost at a private engineering college is typically ₹8–26 lakh. Use this calculator to plan your specific college's costs.
How much does an MBA cost in India?
MBA fees in India range from ₹15–25 lakh at IIMs to ₹8–20 lakh at top private B-schools and ₹3–8 lakh at smaller private institutes. Living expenses for a 2-year MBA add approximately ₹2–4 lakh. Many students take education loans for MBA given the high expected ROI.
Should I take an education loan for college?
Education loans make sense when: (1) the course has strong career ROI — engineering, MBA, medical; (2) the loan amount is under 10x your expected first-year salary; (3) you've exhausted scholarship options. For a ₹10 lakh loan at 10% over 7 years, the EMI is approximately ₹16,600/month. Use the EMI calculator on this site to plan your repayment.
What is a future college cost calculator?
A future college cost calculator estimates the total cost of a degree or course including tuition fees, hostel, food, books, transport and living expenses — not just the fee structure. This free education cost planner covers all major Indian courses including B.Tech, MBBS, MBA, B.Com and CA, with realistic cost estimates for government and private colleges.
How do I calculate masters degree fees in India?
Select M.Tech or MBA from the course dropdown above — realistic annual fee defaults load automatically. Add your hostel, food and living expenses to get the total 2-year masters cost. M.Tech at government colleges costs ₹1–4 lakh total while MBA at IIMs costs ₹15–25 lakh. Adjust the figures for your specific institution.
What is an online tuition calculator?
An online tuition calculator estimates the total tuition fees for a course over its full duration. Enter your annual tuition fee and course duration above — the planner calculates total tuition cost, total living expenses and overall course cost including all categories. Use it to decide whether to take an education loan and for how much.
How much does education cost in India per year?
Annual education costs in India vary widely: Government engineering colleges ₹25,000–1 lakh/year, Private engineering colleges ₹1–5 lakh/year, MBBS government colleges ₹10,000–50,000/year, Private MBBS ₹5–15 lakh/year, IIM MBA ₹7.5–12.5 lakh/year. Add ₹1–1.5 lakh/year for living expenses for outstation students.
What are the hidden costs of college education?
Hidden costs of college that parents often miss: exam fees (₹2,000–10,000/year), college event fees, uniform/lab coats, project materials, study tours and field trips, sports fees, identity card fees, laptop (₹30,000–80,000 one-time), and internet/mobile recharge costs. This planner includes miscellaneous expenses to account for these.
Education Loan FAQs — SBI, HDFC Credila & Canara Bank
What is the SBI education loan interest rate?
According to SBI's website (rates effective 9 June 2026): Student Loan Scheme — 9.90% p.a. up to ₹7.5 lakh without collateral and 9.40% above ₹7.5 lakh with collateral; Scholar Loan for select premier institutions — 6.90% to 7.65%; Global Ed-Vantage for study abroad — 9.40%. Girl students get a 0.50% concession on eligible schemes. Work out your repayment with our
Education Loan EMI Calculator.
How do I calculate SBI education loan EMI?
EMI = [P × r × (1+r)^n] ÷ [(1+r)^n − 1], where P is the loan amount, r the monthly interest rate and n the number of monthly payments. For ₹10 lakh at 9.40% over 7 years the EMI is about ₹16,300 a month. Our
Education Loan EMI Calculator does this instantly and includes the moratorium period.
What is the SBI education loan EMI with moratorium period?
During the moratorium (usually the course duration plus up to a year) interest keeps building up, but no EMI is due. After it ends, the outstanding amount — principal plus accrued interest — is repaid as EMI. For example, ₹10 lakh at 10% simple interest over a 5-year moratorium grows to about ₹15 lakh, and repaying that over 7 years is roughly ₹24,900 a month. Try your own numbers in our
Education Loan EMI Calculator.
What is the HDFC Credila education loan interest rate?
Credila (formerly HDFC Credila) lists secured education loan rates from 9.95% p.a. onwards. Your final rate depends on the course, institution, collateral and co-applicant profile.
How do I calculate HDFC Credila EMI?
Enter your loan amount, rate and tenure in our
Education Loan EMI Calculator — it has a Credila button that pre-fills 9.95%. For example, ₹20 lakh at 9.95% over 10 years is an EMI of about ₹26,400 a month.
What is the Canara Bank education loan interest rate?
Canara Bank lists its Vidya Turant loan — collateral-free, for students admitted to institutions on its approved list — at 6.85% p.a. (terms apply), with limits of up to ₹50 lakh, ₹40 lakh or ₹30 lakh depending on the institution's category. Other Canara schemes have different rates.
How do I calculate Canara Bank education loan EMI?
Use our
Education Loan EMI Calculator — the Canara Bank button pre-fills the Vidya Turant rate of 6.85%. For example, ₹5 lakh at 6.85% over 7 years is an EMI of about ₹7,500 a month.
Which bank gives the best education loan in India?
For premier institutions, SBI's Scholar Loan (6.90–7.65%) and Canara Bank's Vidya Turant (6.85%) are among the lowest rates. For other colleges, public-sector bank schemes like SBI's Student Loan Scheme (9.40–9.90%) are usually cheapest. For study abroad, lenders like Credila (from 9.95%) may lend more and process faster. Compare processing fees, moratorium and prepayment terms, not just the rate.
What documents are required for an SBI education loan?
SBI education loan documents: admission letter from the institution, fee structure, mark sheets (10th, 12th, graduation), KYC documents (Aadhaar, PAN) for applicant and co-applicant, income proof of co-applicant (salary slips, ITR), bank statements (6 months), passport-size photos, and collateral documents for loans above ₹7.5 lakh. The process typically takes 7–15 working days.
What is the maximum education loan amount in India?
It depends on the lender and scheme. SBI's Global Ed-Vantage for study abroad goes up to ₹3 crore with collateral, and Canara Bank's Vidya Turant goes up to ₹50 lakh without collateral for approved institutions. Loans up to ₹7.5 lakh from public-sector banks usually need no collateral.
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