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Punjab National Bank ₹10 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 7.1%, the EMI is about ₹11,662 a month, with total interest of about ₹3,99,494.
Source: Punjab National 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 |
|---|---|---|---|
| 7.1% (starting) | ₹11,662 | ₹3,99,494 | ₹13,99,494 |
| 7.6% | ₹11,922 | ₹4,30,692 | ₹14,30,692 |
| 8.1% | ₹12,186 | ₹4,62,280 | ₹14,62,280 |
| 8.6% | ₹12,452 | ₹4,94,254 | ₹14,94,254 |
| 9.1% | ₹12,722 | ₹5,26,611 | ₹15,26,611 |
Year-by-year repayment schedule at 7.1%
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 | ₹71,238 | ₹68,711 | ₹1,39,949 | ₹9,28,762 |
| Year 2 | ₹76,464 | ₹63,486 | ₹1,39,949 | ₹8,52,298 |
| Year 3 | ₹82,073 | ₹57,877 | ₹1,39,949 | ₹7,70,225 |
| Year 4 | ₹88,094 | ₹51,856 | ₹1,39,949 | ₹6,82,132 |
| Year 5 | ₹94,556 | ₹45,394 | ₹1,39,949 | ₹5,87,576 |
| Year 6 | ₹1,01,492 | ₹38,457 | ₹1,39,949 | ₹4,86,084 |
| Year 7 | ₹1,08,937 | ₹31,012 | ₹1,39,949 | ₹3,77,147 |
| Year 8 | ₹1,16,928 | ₹23,021 | ₹1,39,949 | ₹2,60,218 |
| Year 9 | ₹1,25,506 | ₹14,444 | ₹1,39,949 | ₹1,34,713 |
| Year 10 | ₹1,34,713 | ₹5,237 | ₹1,39,949 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Punjab National Bank education loan for 10 years?
At Punjab National Bank's starting rate of 7.1% the EMI is about ₹11,662 a month. If your offered rate is 8.1% it would be about ₹12,186.
How much total interest will I pay?
At 7.1% the total interest over 10 years is about ₹3,99,494, so you repay about ₹13,99,494 in all.