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Kotak Mahindra Bank ₹20 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 11%, the EMI is about ₹27,550 a month, with total interest of about ₹13,06,000.
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) | ₹27,550 | ₹13,06,000 | ₹33,06,000 |
| 11.5% | ₹28,119 | ₹13,74,291 | ₹33,74,291 |
| 12% | ₹28,694 | ₹14,43,303 | ₹34,43,303 |
| 12.5% | ₹29,275 | ₹15,13,028 | ₹35,13,028 |
| 13% | ₹29,862 | ₹15,83,458 | ₹35,83,458 |
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 | ₹1,16,350 | ₹2,14,250 | ₹3,30,600 | ₹18,83,650 |
| Year 2 | ₹1,29,814 | ₹2,00,786 | ₹3,30,600 | ₹17,53,836 |
| Year 3 | ₹1,44,836 | ₹1,85,764 | ₹3,30,600 | ₹16,09,000 |
| Year 4 | ₹1,61,596 | ₹1,69,004 | ₹3,30,600 | ₹14,47,404 |
| Year 5 | ₹1,80,296 | ₹1,50,304 | ₹3,30,600 | ₹12,67,108 |
| Year 6 | ₹2,01,159 | ₹1,29,441 | ₹3,30,600 | ₹10,65,949 |
| Year 7 | ₹2,24,437 | ₹1,06,163 | ₹3,30,600 | ₹8,41,511 |
| Year 8 | ₹2,50,409 | ₹80,191 | ₹3,30,600 | ₹5,91,102 |
| Year 9 | ₹2,79,386 | ₹51,214 | ₹3,30,600 | ₹3,11,716 |
| Year 10 | ₹3,11,716 | ₹18,884 | ₹3,30,600 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Kotak Mahindra Bank education loan for 10 years?
At Kotak Mahindra Bank's starting rate of 11% the EMI is about ₹27,550 a month. If your offered rate is 12% it would be about ₹28,694.
How much total interest will I pay?
At 11% the total interest over 10 years is about ₹13,06,000, so you repay about ₹33,06,000 in all.