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ICICI Bank ₹30 lakh Education Loan EMI for 7 Years
At the advertised starting rate of 8.5%, the EMI is about ₹47,509 a month, with total interest of about ₹9,90,794.
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) | ₹47,509 | ₹9,90,794 | ₹39,90,794 |
| 9% | ₹48,267 | ₹10,54,448 | ₹40,54,448 |
| 9.5% | ₹49,032 | ₹11,18,683 | ₹41,18,683 |
| 10% | ₹49,804 | ₹11,83,498 | ₹41,83,498 |
| 10.5% | ₹50,582 | ₹12,48,890 | ₹42,48,890 |
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 | ₹3,27,684 | ₹2,42,429 | ₹5,70,113 | ₹26,72,316 |
| Year 2 | ₹3,56,649 | ₹2,13,465 | ₹5,70,113 | ₹23,15,667 |
| Year 3 | ₹3,88,173 | ₹1,81,940 | ₹5,70,113 | ₹19,27,494 |
| Year 4 | ₹4,22,484 | ₹1,47,629 | ₹5,70,113 | ₹15,05,010 |
| Year 5 | ₹4,59,828 | ₹1,10,286 | ₹5,70,113 | ₹10,45,182 |
| Year 6 | ₹5,00,472 | ₹69,641 | ₹5,70,113 | ₹5,44,710 |
| Year 7 | ₹5,44,710 | ₹25,404 | ₹5,70,113 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh ICICI Bank education loan for 7 years?
At ICICI Bank's starting rate of 8.5% the EMI is about ₹47,509 a month. If your offered rate is 9.5% it would be about ₹49,032.
How much total interest will I pay?
At 8.5% the total interest over 7 years is about ₹9,90,794, so you repay about ₹39,90,794 in all.