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ICICI Bank ₹30 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 8.5%, the EMI is about ₹29,542 a month, with total interest of about ₹23,17,594.
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) | ₹29,542 | ₹23,17,594 | ₹53,17,594 |
| 9% | ₹30,428 | ₹24,77,040 | ₹54,77,040 |
| 9.5% | ₹31,327 | ₹26,38,813 | ₹56,38,813 |
| 10% | ₹32,238 | ₹28,02,868 | ₹58,02,868 |
| 10.5% | ₹33,162 | ₹29,69,154 | ₹59,69,154 |
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 | ₹1,03,476 | ₹2,51,030 | ₹3,54,506 | ₹28,96,524 |
| Year 2 | ₹1,12,622 | ₹2,41,884 | ₹3,54,506 | ₹27,83,902 |
| Year 3 | ₹1,22,577 | ₹2,31,929 | ₹3,54,506 | ₹26,61,325 |
| Year 4 | ₹1,33,412 | ₹2,21,095 | ₹3,54,506 | ₹25,27,913 |
| Year 5 | ₹1,45,204 | ₹2,09,302 | ₹3,54,506 | ₹23,82,709 |
| Year 6 | ₹1,58,039 | ₹1,96,468 | ₹3,54,506 | ₹22,24,671 |
| Year 7 | ₹1,72,008 | ₹1,82,498 | ₹3,54,506 | ₹20,52,663 |
| Year 8 | ₹1,87,212 | ₹1,67,294 | ₹3,54,506 | ₹18,65,451 |
| Year 9 | ₹2,03,760 | ₹1,50,747 | ₹3,54,506 | ₹16,61,691 |
| Year 10 | ₹2,21,770 | ₹1,32,736 | ₹3,54,506 | ₹14,39,921 |
| Year 11 | ₹2,41,373 | ₹1,13,134 | ₹3,54,506 | ₹11,98,548 |
| Year 12 | ₹2,62,708 | ₹91,798 | ₹3,54,506 | ₹9,35,841 |
| Year 13 | ₹2,85,929 | ₹68,577 | ₹3,54,506 | ₹6,49,912 |
| Year 14 | ₹3,11,202 | ₹43,304 | ₹3,54,506 | ₹3,38,710 |
| Year 15 | ₹3,38,710 | ₹15,797 | ₹3,54,506 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh ICICI Bank education loan for 15 years?
At ICICI Bank's starting rate of 8.5% the EMI is about ₹29,542 a month. If your offered rate is 9.5% it would be about ₹31,327.
How much total interest will I pay?
At 8.5% the total interest over 15 years is about ₹23,17,594, so you repay about ₹53,17,594 in all.