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Kotak Mahindra Bank ₹10 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 11%, the EMI is about ₹13,775 a month, with total interest of about ₹6,53,000.
Source: Kotak Mahindra 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 |
|---|---|---|---|
| 11% (starting) | ₹13,775 | ₹6,53,000 | ₹16,53,000 |
| 11.5% | ₹14,060 | ₹6,87,145 | ₹16,87,145 |
| 12% | ₹14,347 | ₹7,21,651 | ₹17,21,651 |
| 12.5% | ₹14,638 | ₹7,56,514 | ₹17,56,514 |
| 13% | ₹14,931 | ₹7,91,729 | ₹17,91,729 |
Year-by-year repayment schedule at 11%
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 | ₹58,175 | ₹1,07,125 | ₹1,65,300 | ₹9,41,825 |
| Year 2 | ₹64,907 | ₹1,00,393 | ₹1,65,300 | ₹8,76,918 |
| Year 3 | ₹72,418 | ₹92,882 | ₹1,65,300 | ₹8,04,500 |
| Year 4 | ₹80,798 | ₹84,502 | ₹1,65,300 | ₹7,23,702 |
| Year 5 | ₹90,148 | ₹75,152 | ₹1,65,300 | ₹6,33,554 |
| Year 6 | ₹1,00,580 | ₹64,720 | ₹1,65,300 | ₹5,32,974 |
| Year 7 | ₹1,12,219 | ₹53,081 | ₹1,65,300 | ₹4,20,756 |
| Year 8 | ₹1,25,205 | ₹40,096 | ₹1,65,300 | ₹2,95,551 |
| Year 9 | ₹1,39,693 | ₹25,607 | ₹1,65,300 | ₹1,55,858 |
| Year 10 | ₹1,55,858 | ₹9,442 | ₹1,65,300 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Kotak Mahindra Bank education loan for 10 years?
At Kotak Mahindra Bank's starting rate of 11% the EMI is about ₹13,775 a month. If your offered rate is 12% it would be about ₹14,347.
How much total interest will I pay?
At 11% the total interest over 10 years is about ₹6,53,000, so you repay about ₹16,53,000 in all.