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Kotak Mahindra Bank ₹10 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 11%, the EMI is about ₹11,366 a month, with total interest of about ₹10,45,874.
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) | ₹11,366 | ₹10,45,874 | ₹20,45,874 |
| 11.5% | ₹11,682 | ₹11,02,742 | ₹21,02,742 |
| 12% | ₹12,002 | ₹11,60,303 | ₹21,60,303 |
| 12.5% | ₹12,325 | ₹12,18,540 | ₹22,18,540 |
| 13% | ₹12,652 | ₹12,77,436 | ₹22,77,436 |
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 | ₹27,764 | ₹1,08,628 | ₹1,36,392 | ₹9,72,236 |
| Year 2 | ₹30,977 | ₹1,05,415 | ₹1,36,392 | ₹9,41,260 |
| Year 3 | ₹34,561 | ₹1,01,831 | ₹1,36,392 | ₹9,06,699 |
| Year 4 | ₹38,560 | ₹97,831 | ₹1,36,392 | ₹8,68,138 |
| Year 5 | ₹43,023 | ₹93,369 | ₹1,36,392 | ₹8,25,116 |
| Year 6 | ₹48,001 | ₹88,391 | ₹1,36,392 | ₹7,77,115 |
| Year 7 | ₹53,556 | ₹82,836 | ₹1,36,392 | ₹7,23,559 |
| Year 8 | ₹59,753 | ₹76,638 | ₹1,36,392 | ₹6,63,806 |
| Year 9 | ₹66,668 | ₹69,724 | ₹1,36,392 | ₹5,97,138 |
| Year 10 | ₹74,382 | ₹62,009 | ₹1,36,392 | ₹5,22,755 |
| Year 11 | ₹82,990 | ₹53,402 | ₹1,36,392 | ₹4,39,766 |
| Year 12 | ₹92,593 | ₹43,798 | ₹1,36,392 | ₹3,47,172 |
| Year 13 | ₹1,03,308 | ₹33,083 | ₹1,36,392 | ₹2,43,864 |
| Year 14 | ₹1,15,263 | ₹21,129 | ₹1,36,392 | ₹1,28,601 |
| Year 15 | ₹1,28,601 | ₹7,791 | ₹1,36,392 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Kotak Mahindra Bank education loan for 15 years?
At Kotak Mahindra Bank's starting rate of 11% the EMI is about ₹11,366 a month. If your offered rate is 12% it would be about ₹12,002.
How much total interest will I pay?
At 11% the total interest over 15 years is about ₹10,45,874, so you repay about ₹20,45,874 in all.