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Federal Bank Education Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

Federal Bank advertises education loan rates starting from 9.75% per annum. For ₹20 lakh over 10 years that is an EMI of about ₹26,154 a month.

Starting rate9.75%per annum
EMI per month₹26,154₹20 lakh, 10 years
Total interest₹11,38,486over the full term
Max tenuren/aas stated by the bank

Federal Bank education loan rates and charges

Starting interest rate9.75% per annum
Applies toFloating rate 9.75% to 13.75%, linked to the repo rate
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: Federal Bank 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.

Federal Bank education loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

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Frequently asked questions

What is the Federal Bank education loan interest rate?

Federal Bank's website advertises education loan rates starting from 9.75% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹20 lakh education loan from Federal Bank?

At the starting rate of 9.75% over 10 years the EMI is about ₹26,154 a month, with total interest of about ₹11,38,486. A higher personal rate would raise this.

What is the processing fee for a Federal Bank education loan?

The Federal Bank page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does Federal Bank charge prepayment charges on a education loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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