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ICICI Bank ₹10 lakh Education Loan EMI for 7 Years
At the advertised starting rate of 8.5%, the EMI is about ₹15,836 a month, with total interest of about ₹3,30,265.
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) | ₹15,836 | ₹3,30,265 | ₹13,30,265 |
| 9% | ₹16,089 | ₹3,51,483 | ₹13,51,483 |
| 9.5% | ₹16,344 | ₹3,72,894 | ₹13,72,894 |
| 10% | ₹16,601 | ₹3,94,499 | ₹13,94,499 |
| 10.5% | ₹16,861 | ₹4,16,297 | ₹14,16,297 |
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 | ₹1,09,228 | ₹80,810 | ₹1,90,038 | ₹8,90,772 |
| Year 2 | ₹1,18,883 | ₹71,155 | ₹1,90,038 | ₹7,71,889 |
| Year 3 | ₹1,29,391 | ₹60,647 | ₹1,90,038 | ₹6,42,498 |
| Year 4 | ₹1,40,828 | ₹49,210 | ₹1,90,038 | ₹5,01,670 |
| Year 5 | ₹1,53,276 | ₹36,762 | ₹1,90,038 | ₹3,48,394 |
| Year 6 | ₹1,66,824 | ₹23,214 | ₹1,90,038 | ₹1,81,570 |
| Year 7 | ₹1,81,570 | ₹8,468 | ₹1,90,038 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh ICICI Bank education loan for 7 years?
At ICICI Bank's starting rate of 8.5% the EMI is about ₹15,836 a month. If your offered rate is 9.5% it would be about ₹16,344.
How much total interest will I pay?
At 8.5% the total interest over 7 years is about ₹3,30,265, so you repay about ₹13,30,265 in all.