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ICICI Bank ₹10 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 8.5%, the EMI is about ₹9,847 a month, with total interest of about ₹7,72,531.
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) | ₹9,847 | ₹7,72,531 | ₹17,72,531 |
| 9% | ₹10,143 | ₹8,25,680 | ₹18,25,680 |
| 9.5% | ₹10,442 | ₹8,79,604 | ₹18,79,604 |
| 10% | ₹10,746 | ₹9,34,289 | ₹19,34,289 |
| 10.5% | ₹11,054 | ₹9,89,718 | ₹19,89,718 |
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 | ₹34,492 | ₹83,677 | ₹1,18,169 | ₹9,65,508 |
| Year 2 | ₹37,541 | ₹80,628 | ₹1,18,169 | ₹9,27,967 |
| Year 3 | ₹40,859 | ₹77,310 | ₹1,18,169 | ₹8,87,108 |
| Year 4 | ₹44,471 | ₹73,698 | ₹1,18,169 | ₹8,42,638 |
| Year 5 | ₹48,401 | ₹69,767 | ₹1,18,169 | ₹7,94,236 |
| Year 6 | ₹52,680 | ₹65,489 | ₹1,18,169 | ₹7,41,557 |
| Year 7 | ₹57,336 | ₹60,833 | ₹1,18,169 | ₹6,84,221 |
| Year 8 | ₹62,404 | ₹55,765 | ₹1,18,169 | ₹6,21,817 |
| Year 9 | ₹67,920 | ₹50,249 | ₹1,18,169 | ₹5,53,897 |
| Year 10 | ₹73,923 | ₹44,245 | ₹1,18,169 | ₹4,79,974 |
| Year 11 | ₹80,458 | ₹37,711 | ₹1,18,169 | ₹3,99,516 |
| Year 12 | ₹87,569 | ₹30,599 | ₹1,18,169 | ₹3,11,947 |
| Year 13 | ₹95,310 | ₹22,859 | ₹1,18,169 | ₹2,16,637 |
| Year 14 | ₹1,03,734 | ₹14,435 | ₹1,18,169 | ₹1,12,903 |
| Year 15 | ₹1,12,903 | ₹5,266 | ₹1,18,169 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh ICICI Bank education loan for 15 years?
At ICICI Bank's starting rate of 8.5% the EMI is about ₹9,847 a month. If your offered rate is 9.5% it would be about ₹10,442.
How much total interest will I pay?
At 8.5% the total interest over 15 years is about ₹7,72,531, so you repay about ₹17,72,531 in all.