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Kotak Mahindra Bank ₹10 lakh Education Loan EMI for 7 Years
At the advertised starting rate of 11%, the EMI is about ₹17,122 a month, with total interest of about ₹4,38,285.
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) | ₹17,122 | ₹4,38,285 | ₹14,38,285 |
| 11.5% | ₹17,386 | ₹4,60,463 | ₹14,60,463 |
| 12% | ₹17,653 | ₹4,82,830 | ₹14,82,830 |
| 12.5% | ₹17,921 | ₹5,05,384 | ₹15,05,384 |
| 13% | ₹18,192 | ₹5,28,125 | ₹15,28,125 |
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 | ₹1,00,433 | ₹1,05,037 | ₹2,05,469 | ₹8,99,567 |
| Year 2 | ₹1,12,055 | ₹93,415 | ₹2,05,469 | ₹7,87,513 |
| Year 3 | ₹1,25,021 | ₹80,448 | ₹2,05,469 | ₹6,62,491 |
| Year 4 | ₹1,39,489 | ₹65,981 | ₹2,05,469 | ₹5,23,003 |
| Year 5 | ₹1,55,630 | ₹49,839 | ₹2,05,469 | ₹3,67,372 |
| Year 6 | ₹1,73,640 | ₹31,830 | ₹2,05,469 | ₹1,93,733 |
| Year 7 | ₹1,93,733 | ₹11,736 | ₹2,05,469 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Kotak Mahindra Bank education loan for 7 years?
At Kotak Mahindra Bank's starting rate of 11% the EMI is about ₹17,122 a month. If your offered rate is 12% it would be about ₹17,653.
How much total interest will I pay?
At 11% the total interest over 7 years is about ₹4,38,285, so you repay about ₹14,38,285 in all.