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Kotak Mahindra Bank ₹20 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 11%, the EMI is about ₹22,732 a month, with total interest of about ₹20,91,749.
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) | ₹22,732 | ₹20,91,749 | ₹40,91,749 |
| 11.5% | ₹23,364 | ₹22,05,483 | ₹42,05,483 |
| 12% | ₹24,003 | ₹23,20,605 | ₹43,20,605 |
| 12.5% | ₹24,650 | ₹24,37,079 | ₹44,37,079 |
| 13% | ₹25,305 | ₹25,54,872 | ₹45,54,872 |
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 | ₹55,527 | ₹2,17,256 | ₹2,72,783 | ₹19,44,473 |
| Year 2 | ₹61,953 | ₹2,10,830 | ₹2,72,783 | ₹18,82,520 |
| Year 3 | ₹69,122 | ₹2,03,661 | ₹2,72,783 | ₹18,13,397 |
| Year 4 | ₹77,121 | ₹1,95,662 | ₹2,72,783 | ₹17,36,277 |
| Year 5 | ₹86,045 | ₹1,86,738 | ₹2,72,783 | ₹16,50,231 |
| Year 6 | ₹96,002 | ₹1,76,781 | ₹2,72,783 | ₹15,54,229 |
| Year 7 | ₹1,07,112 | ₹1,65,672 | ₹2,72,783 | ₹14,47,118 |
| Year 8 | ₹1,19,506 | ₹1,53,277 | ₹2,72,783 | ₹13,27,611 |
| Year 9 | ₹1,33,335 | ₹1,39,448 | ₹2,72,783 | ₹11,94,276 |
| Year 10 | ₹1,48,765 | ₹1,24,018 | ₹2,72,783 | ₹10,45,511 |
| Year 11 | ₹1,65,980 | ₹1,06,803 | ₹2,72,783 | ₹8,79,531 |
| Year 12 | ₹1,85,187 | ₹87,596 | ₹2,72,783 | ₹6,94,344 |
| Year 13 | ₹2,06,616 | ₹66,167 | ₹2,72,783 | ₹4,87,728 |
| Year 14 | ₹2,30,526 | ₹42,257 | ₹2,72,783 | ₹2,57,202 |
| Year 15 | ₹2,57,202 | ₹15,581 | ₹2,72,783 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Kotak Mahindra Bank education loan for 15 years?
At Kotak Mahindra Bank's starting rate of 11% the EMI is about ₹22,732 a month. If your offered rate is 12% it would be about ₹24,003.
How much total interest will I pay?
At 11% the total interest over 15 years is about ₹20,91,749, so you repay about ₹40,91,749 in all.