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ICICI Bank ₹10 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 8.5%, the EMI is about ₹12,399 a month, with total interest of about ₹4,87,828.
Source: ICICI Bank official page, checked on November 2026 (2026-11-01).
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 |
|---|---|---|---|
| 8.5% (starting) | ₹12,399 | ₹4,87,828 | ₹14,87,828 |
| 9% | ₹12,668 | ₹5,20,109 | ₹15,20,109 |
| 9.5% | ₹12,940 | ₹5,52,771 | ₹15,52,771 |
| 10% | ₹13,215 | ₹5,85,809 | ₹15,85,809 |
| 10.5% | ₹13,493 | ₹6,19,220 | ₹16,19,220 |
Year-by-year repayment schedule at 8.5%
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 | ₹66,327 | ₹82,456 | ₹1,48,783 | ₹9,33,673 |
| Year 2 | ₹72,190 | ₹76,593 | ₹1,48,783 | ₹8,61,483 |
| Year 3 | ₹78,571 | ₹70,212 | ₹1,48,783 | ₹7,82,912 |
| Year 4 | ₹85,516 | ₹63,267 | ₹1,48,783 | ₹6,97,396 |
| Year 5 | ₹93,075 | ₹55,708 | ₹1,48,783 | ₹6,04,321 |
| Year 6 | ₹1,01,302 | ₹47,481 | ₹1,48,783 | ₹5,03,019 |
| Year 7 | ₹1,10,256 | ₹38,527 | ₹1,48,783 | ₹3,92,763 |
| Year 8 | ₹1,20,002 | ₹28,781 | ₹1,48,783 | ₹2,72,762 |
| Year 9 | ₹1,30,609 | ₹18,174 | ₹1,48,783 | ₹1,42,153 |
| Year 10 | ₹1,42,153 | ₹6,630 | ₹1,48,783 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh ICICI Bank education loan for 10 years?
At ICICI Bank's starting rate of 8.5% the EMI is about ₹12,399 a month. If your offered rate is 9.5% it would be about ₹12,940.
How much total interest will I pay?
At 8.5% the total interest over 10 years is about ₹4,87,828, so you repay about ₹14,87,828 in all.