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Central Bank of India ₹10 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 6.95%, the EMI is about ₹11,585 a month, with total interest of about ₹3,90,211.
Source: Central Bank of India official page, checked 2 November 2026.
These figures use the bank's advertised starting rate. Most borrowers are offered a higher rate depending on credit score, income and loan size, so treat the result as a best case.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 6.95% (starting) | ₹11,585 | ₹3,90,211 | ₹13,90,211 |
| 7.45% | ₹11,844 | ₹4,21,292 | ₹14,21,292 |
| 7.95% | ₹12,106 | ₹4,52,763 | ₹14,52,763 |
| 8.45% | ₹12,372 | ₹4,84,621 | ₹14,84,621 |
| 8.95% | ₹12,641 | ₹5,16,864 | ₹15,16,864 |
Year-by-year repayment schedule at 6.95%
How much of each year's payments goes to principal and to interest, and what you still owe at the end of the year. Use the calculator above for a month-by-month view and prepayment options.
| Year | Principal | Interest | Paid | Balance left |
|---|---|---|---|---|
| Year 1 | ₹71,779 | ₹67,242 | ₹1,39,021 | ₹9,28,221 |
| Year 2 | ₹76,930 | ₹62,091 | ₹1,39,021 | ₹8,51,291 |
| Year 3 | ₹82,450 | ₹56,571 | ₹1,39,021 | ₹7,68,841 |
| Year 4 | ₹88,366 | ₹50,655 | ₹1,39,021 | ₹6,80,475 |
| Year 5 | ₹94,707 | ₹44,314 | ₹1,39,021 | ₹5,85,768 |
| Year 6 | ₹1,01,503 | ₹37,518 | ₹1,39,021 | ₹4,84,265 |
| Year 7 | ₹1,08,787 | ₹30,234 | ₹1,39,021 | ₹3,75,478 |
| Year 8 | ₹1,16,593 | ₹22,428 | ₹1,39,021 | ₹2,58,885 |
| Year 9 | ₹1,24,959 | ₹14,062 | ₹1,39,021 | ₹1,33,926 |
| Year 10 | ₹1,33,926 | ₹5,095 | ₹1,39,021 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Central Bank of India education loan for 10 years?
At Central Bank of India's starting rate of 6.95% the EMI is about ₹11,585 a month. If your offered rate is 7.95% it would be about ₹12,106.
How much total interest will I pay?
At 6.95% the total interest over 10 years is about ₹3,90,211, so you repay about ₹13,90,211 in all.