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Federal Bank ₹20 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 9.75%, the EMI is about ₹26,154 a month, with total interest of about ₹11,38,486.
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.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 9.75% (starting) | ₹26,154 | ₹11,38,486 | ₹31,38,486 |
| 10.25% | ₹26,708 | ₹12,04,936 | ₹32,04,936 |
| 10.75% | ₹27,268 | ₹12,72,128 | ₹32,72,128 |
| 11.25% | ₹27,834 | ₹13,40,055 | ₹33,40,055 |
| 11.75% | ₹28,406 | ₹14,08,707 | ₹34,08,707 |
Year-by-year repayment schedule at 9.75%
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 | ₹1,24,306 | ₹1,89,542 | ₹3,13,849 | ₹18,75,694 |
| Year 2 | ₹1,36,983 | ₹1,76,866 | ₹3,13,849 | ₹17,38,711 |
| Year 3 | ₹1,50,952 | ₹1,62,897 | ₹3,13,849 | ₹15,87,760 |
| Year 4 | ₹1,66,345 | ₹1,47,503 | ₹3,13,849 | ₹14,21,414 |
| Year 5 | ₹1,83,309 | ₹1,30,540 | ₹3,13,849 | ₹12,38,106 |
| Year 6 | ₹2,02,002 | ₹1,11,847 | ₹3,13,849 | ₹10,36,104 |
| Year 7 | ₹2,22,602 | ₹91,247 | ₹3,13,849 | ₹8,13,502 |
| Year 8 | ₹2,45,302 | ₹68,547 | ₹3,13,849 | ₹5,68,200 |
| Year 9 | ₹2,70,317 | ₹43,532 | ₹3,13,849 | ₹2,97,883 |
| Year 10 | ₹2,97,883 | ₹15,965 | ₹3,13,849 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Federal Bank education loan for 10 years?
At Federal Bank's starting rate of 9.75% the EMI is about ₹26,154 a month. If your offered rate is 10.75% it would be about ₹27,268.
How much total interest will I pay?
At 9.75% the total interest over 10 years is about ₹11,38,486, so you repay about ₹31,38,486 in all.