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Indian Bank Education Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

Indian Bank advertises education loan rates starting from 7.3% per annum. For ₹20 lakh over 10 years that is an EMI of about ₹23,532 a month.

Starting rate7.3%per annum
EMI per month₹23,532₹20 lakh, 10 years
Total interest₹8,23,853over the full term
Max tenuren/aas stated by the bank

Indian Bank education loan rates and charges

Starting interest rate7.3% per annum
Applies toEducation loan: 7.30% to 10.40%
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: Indian Bank official page, checked 2 November 2026.

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.

Indian Bank education loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

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₹10 lakh for 7 years₹10 lakh for 10 years₹10 lakh for 15 years₹20 lakh for 7 years₹20 lakh for 10 years₹20 lakh for 15 years₹30 lakh for 7 years₹30 lakh for 10 years₹30 lakh for 15 years

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Frequently asked questions

What is the Indian Bank education loan interest rate?

Indian Bank's website advertises education loan rates starting from 7.3% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹20 lakh education loan from Indian Bank?

At the starting rate of 7.3% over 10 years the EMI is about ₹23,532 a month, with total interest of about ₹8,23,853. A higher personal rate would raise this.

What is the processing fee for a Indian Bank education loan?

The Indian Bank page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does Indian Bank charge prepayment charges on a education loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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