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Indian Bank ₹10 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 7.3%, the EMI is about ₹9,157 a month, with total interest of about ₹6,48,231.
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.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 7.3% (starting) | ₹9,157 | ₹6,48,231 | ₹16,48,231 |
| 7.8% | ₹9,441 | ₹6,99,456 | ₹16,99,456 |
| 8.3% | ₹9,731 | ₹7,51,492 | ₹17,51,492 |
| 8.8% | ₹10,024 | ₹8,04,326 | ₹18,04,326 |
| 9.3% | ₹10,322 | ₹8,57,942 | ₹18,57,942 |
Year-by-year repayment schedule at 7.3%
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 | ₹38,141 | ₹71,741 | ₹1,09,882 | ₹9,61,859 |
| Year 2 | ₹41,021 | ₹68,861 | ₹1,09,882 | ₹9,20,838 |
| Year 3 | ₹44,118 | ₹65,764 | ₹1,09,882 | ₹8,76,720 |
| Year 4 | ₹47,448 | ₹62,434 | ₹1,09,882 | ₹8,29,272 |
| Year 5 | ₹51,030 | ₹58,852 | ₹1,09,882 | ₹7,78,242 |
| Year 6 | ₹54,883 | ₹55,000 | ₹1,09,882 | ₹7,23,359 |
| Year 7 | ₹59,026 | ₹50,856 | ₹1,09,882 | ₹6,64,334 |
| Year 8 | ₹63,482 | ₹46,400 | ₹1,09,882 | ₹6,00,852 |
| Year 9 | ₹68,274 | ₹41,608 | ₹1,09,882 | ₹5,32,578 |
| Year 10 | ₹73,428 | ₹36,454 | ₹1,09,882 | ₹4,59,149 |
| Year 11 | ₹78,972 | ₹30,910 | ₹1,09,882 | ₹3,80,178 |
| Year 12 | ₹84,933 | ₹24,949 | ₹1,09,882 | ₹2,95,244 |
| Year 13 | ₹91,345 | ₹18,537 | ₹1,09,882 | ₹2,03,899 |
| Year 14 | ₹98,241 | ₹11,641 | ₹1,09,882 | ₹1,05,658 |
| Year 15 | ₹1,05,658 | ₹4,224 | ₹1,09,882 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Indian Bank education loan for 15 years?
At Indian Bank's starting rate of 7.3% the EMI is about ₹9,157 a month. If your offered rate is 8.3% it would be about ₹9,731.
How much total interest will I pay?
At 7.3% the total interest over 15 years is about ₹6,48,231, so you repay about ₹16,48,231 in all.