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Kotak Mahindra Bank ₹30 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 11%, the EMI is about ₹41,325 a month, with total interest of about ₹19,59,000.
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) | ₹41,325 | ₹19,59,000 | ₹49,59,000 |
| 11.5% | ₹42,179 | ₹20,61,436 | ₹50,61,436 |
| 12% | ₹43,041 | ₹21,64,954 | ₹51,64,954 |
| 12.5% | ₹43,913 | ₹22,69,542 | ₹52,69,542 |
| 13% | ₹44,793 | ₹23,75,187 | ₹53,75,187 |
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 | ₹1,74,525 | ₹3,21,375 | ₹4,95,900 | ₹28,25,475 |
| Year 2 | ₹1,94,721 | ₹3,01,179 | ₹4,95,900 | ₹26,30,754 |
| Year 3 | ₹2,17,254 | ₹2,78,646 | ₹4,95,900 | ₹24,13,500 |
| Year 4 | ₹2,42,394 | ₹2,53,506 | ₹4,95,900 | ₹21,71,106 |
| Year 5 | ₹2,70,444 | ₹2,25,456 | ₹4,95,900 | ₹19,00,662 |
| Year 6 | ₹3,01,739 | ₹1,94,161 | ₹4,95,900 | ₹15,98,923 |
| Year 7 | ₹3,36,656 | ₹1,59,244 | ₹4,95,900 | ₹12,62,267 |
| Year 8 | ₹3,75,614 | ₹1,20,287 | ₹4,95,900 | ₹8,86,654 |
| Year 9 | ₹4,19,079 | ₹76,821 | ₹4,95,900 | ₹4,67,574 |
| Year 10 | ₹4,67,574 | ₹28,326 | ₹4,95,900 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh Kotak Mahindra Bank education loan for 10 years?
At Kotak Mahindra Bank's starting rate of 11% the EMI is about ₹41,325 a month. If your offered rate is 12% it would be about ₹43,041.
How much total interest will I pay?
At 11% the total interest over 10 years is about ₹19,59,000, so you repay about ₹49,59,000 in all.