Home › Education Loan › Central Bank of India › ₹10 lakh for 15 years
Central Bank of India ₹10 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 6.95%, the EMI is about ₹8,960 a month, with total interest of about ₹6,12,863.
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) | ₹8,960 | ₹6,12,863 | ₹16,12,863 |
| 7.45% | ₹9,242 | ₹6,63,512 | ₹16,63,512 |
| 7.95% | ₹9,528 | ₹7,14,982 | ₹17,14,982 |
| 8.45% | ₹9,818 | ₹7,67,260 | ₹17,67,260 |
| 8.95% | ₹10,113 | ₹8,20,330 | ₹18,20,330 |
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 | ₹39,259 | ₹68,265 | ₹1,07,524 | ₹9,60,741 |
| Year 2 | ₹42,076 | ₹65,448 | ₹1,07,524 | ₹9,18,665 |
| Year 3 | ₹45,096 | ₹62,429 | ₹1,07,524 | ₹8,73,569 |
| Year 4 | ₹48,331 | ₹59,193 | ₹1,07,524 | ₹8,25,238 |
| Year 5 | ₹51,800 | ₹55,725 | ₹1,07,524 | ₹7,73,438 |
| Year 6 | ₹55,517 | ₹52,008 | ₹1,07,524 | ₹7,17,921 |
| Year 7 | ₹59,500 | ₹48,024 | ₹1,07,524 | ₹6,58,421 |
| Year 8 | ₹63,770 | ₹43,754 | ₹1,07,524 | ₹5,94,651 |
| Year 9 | ₹68,346 | ₹39,178 | ₹1,07,524 | ₹5,26,305 |
| Year 10 | ₹73,250 | ₹34,274 | ₹1,07,524 | ₹4,53,055 |
| Year 11 | ₹78,506 | ₹29,018 | ₹1,07,524 | ₹3,74,549 |
| Year 12 | ₹84,140 | ₹23,384 | ₹1,07,524 | ₹2,90,409 |
| Year 13 | ₹90,177 | ₹17,347 | ₹1,07,524 | ₹2,00,232 |
| Year 14 | ₹96,648 | ₹10,876 | ₹1,07,524 | ₹1,03,583 |
| Year 15 | ₹1,03,583 | ₹3,941 | ₹1,07,524 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Central Bank of India education loan for 15 years?
At Central Bank of India's starting rate of 6.95% the EMI is about ₹8,960 a month. If your offered rate is 7.95% it would be about ₹9,528.
How much total interest will I pay?
At 6.95% the total interest over 15 years is about ₹6,12,863, so you repay about ₹16,12,863 in all.