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ICICI Bank ₹30 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 8.5%, the EMI is about ₹37,196 a month, with total interest of about ₹14,63,485.
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) | ₹37,196 | ₹14,63,485 | ₹44,63,485 |
| 9% | ₹38,003 | ₹15,60,328 | ₹45,60,328 |
| 9.5% | ₹38,819 | ₹16,58,312 | ₹46,58,312 |
| 10% | ₹39,645 | ₹17,57,427 | ₹47,57,427 |
| 10.5% | ₹40,480 | ₹18,57,660 | ₹48,57,660 |
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 | ₹1,98,982 | ₹2,47,367 | ₹4,46,348 | ₹28,01,018 |
| Year 2 | ₹2,16,570 | ₹2,29,778 | ₹4,46,348 | ₹25,84,448 |
| Year 3 | ₹2,35,713 | ₹2,10,636 | ₹4,46,348 | ₹23,48,735 |
| Year 4 | ₹2,56,548 | ₹1,89,801 | ₹4,46,348 | ₹20,92,187 |
| Year 5 | ₹2,79,224 | ₹1,67,124 | ₹4,46,348 | ₹18,12,963 |
| Year 6 | ₹3,03,905 | ₹1,42,443 | ₹4,46,348 | ₹15,09,057 |
| Year 7 | ₹3,30,768 | ₹1,15,581 | ₹4,46,348 | ₹11,78,290 |
| Year 8 | ₹3,60,005 | ₹86,344 | ₹4,46,348 | ₹8,18,285 |
| Year 9 | ₹3,91,826 | ₹54,523 | ₹4,46,348 | ₹4,26,460 |
| Year 10 | ₹4,26,460 | ₹19,889 | ₹4,46,348 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh ICICI Bank education loan for 10 years?
At ICICI Bank's starting rate of 8.5% the EMI is about ₹37,196 a month. If your offered rate is 9.5% it would be about ₹38,819.
How much total interest will I pay?
At 8.5% the total interest over 10 years is about ₹14,63,485, so you repay about ₹44,63,485 in all.