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Central Bank of India ₹20 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 6.95%, the EMI is about ₹17,921 a month, with total interest of about ₹12,25,727.
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) | ₹17,921 | ₹12,25,727 | ₹32,25,727 |
| 7.45% | ₹18,483 | ₹13,27,024 | ₹33,27,024 |
| 7.95% | ₹19,055 | ₹14,29,964 | ₹34,29,964 |
| 8.45% | ₹19,636 | ₹15,34,519 | ₹35,34,519 |
| 8.95% | ₹20,226 | ₹16,40,660 | ₹36,40,660 |
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 | ₹78,518 | ₹1,36,530 | ₹2,15,048 | ₹19,21,482 |
| Year 2 | ₹84,153 | ₹1,30,896 | ₹2,15,048 | ₹18,37,329 |
| Year 3 | ₹90,191 | ₹1,24,857 | ₹2,15,048 | ₹17,47,138 |
| Year 4 | ₹96,663 | ₹1,18,386 | ₹2,15,048 | ₹16,50,475 |
| Year 5 | ₹1,03,599 | ₹1,11,449 | ₹2,15,048 | ₹15,46,876 |
| Year 6 | ₹1,11,033 | ₹1,04,015 | ₹2,15,048 | ₹14,35,843 |
| Year 7 | ₹1,19,001 | ₹96,048 | ₹2,15,048 | ₹13,16,842 |
| Year 8 | ₹1,27,540 | ₹87,509 | ₹2,15,048 | ₹11,89,302 |
| Year 9 | ₹1,36,692 | ₹78,357 | ₹2,15,048 | ₹10,52,611 |
| Year 10 | ₹1,46,500 | ₹68,548 | ₹2,15,048 | ₹9,06,110 |
| Year 11 | ₹1,57,013 | ₹58,036 | ₹2,15,048 | ₹7,49,098 |
| Year 12 | ₹1,68,279 | ₹46,769 | ₹2,15,048 | ₹5,80,818 |
| Year 13 | ₹1,80,355 | ₹34,694 | ₹2,15,048 | ₹4,00,463 |
| Year 14 | ₹1,93,297 | ₹21,752 | ₹2,15,048 | ₹2,07,167 |
| Year 15 | ₹2,07,167 | ₹7,882 | ₹2,15,048 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 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 ₹17,921 a month. If your offered rate is 7.95% it would be about ₹19,055.
How much total interest will I pay?
At 6.95% the total interest over 15 years is about ₹12,25,727, so you repay about ₹32,25,727 in all.