What is the principal of an education loan?

The principal is the actual amount disbursed toward your education loan. An EMI calculator can help you figure out how much you will end up paying over and above the principal loan amount after the interest rate is factored in.

Can an EMI calculator help me know my EMIs after making a lump sum payment towards the principal loan amount?

Yes. All you need to do is fill in the outstanding principal and loan tenure. The EMI calculator will calculate your EMI for the remaining period.

Can I calculate the loan processing fee from an online education loan calculator?

No. The online EMI calculator does not factor in the processing fee because your bank will determine it for you. You can only enter your desired loan amount and the tenure of your choice.