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ICICI Bank ₹20 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 8.5%, the EMI is about ₹24,797 a month, with total interest of about ₹9,75,657.
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) | ₹24,797 | ₹9,75,657 | ₹29,75,657 |
| 9% | ₹25,335 | ₹10,40,219 | ₹30,40,219 |
| 9.5% | ₹25,880 | ₹11,05,541 | ₹31,05,541 |
| 10% | ₹26,430 | ₹11,71,618 | ₹31,71,618 |
| 10.5% | ₹26,987 | ₹12,38,440 | ₹32,38,440 |
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 | ₹1,32,655 | ₹1,64,911 | ₹2,97,566 | ₹18,67,345 |
| Year 2 | ₹1,44,380 | ₹1,53,186 | ₹2,97,566 | ₹17,22,965 |
| Year 3 | ₹1,57,142 | ₹1,40,424 | ₹2,97,566 | ₹15,65,823 |
| Year 4 | ₹1,71,032 | ₹1,26,534 | ₹2,97,566 | ₹13,94,791 |
| Year 5 | ₹1,86,150 | ₹1,11,416 | ₹2,97,566 | ₹12,08,642 |
| Year 6 | ₹2,02,603 | ₹94,962 | ₹2,97,566 | ₹10,06,038 |
| Year 7 | ₹2,20,512 | ₹77,054 | ₹2,97,566 | ₹7,85,527 |
| Year 8 | ₹2,40,003 | ₹57,563 | ₹2,97,566 | ₹5,45,523 |
| Year 9 | ₹2,61,217 | ₹36,349 | ₹2,97,566 | ₹2,84,306 |
| Year 10 | ₹2,84,306 | ₹13,259 | ₹2,97,566 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh ICICI Bank education loan for 10 years?
At ICICI Bank's starting rate of 8.5% the EMI is about ₹24,797 a month. If your offered rate is 9.5% it would be about ₹25,880.
How much total interest will I pay?
At 8.5% the total interest over 10 years is about ₹9,75,657, so you repay about ₹29,75,657 in all.