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Punjab National Bank ₹10 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 7.1%, the EMI is about ₹9,044 a month, with total interest of about ₹6,27,971.
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) | ₹9,044 | ₹6,27,971 | ₹16,27,971 |
| 7.6% | ₹9,327 | ₹6,78,867 | ₹16,78,867 |
| 8.1% | ₹9,614 | ₹7,30,581 | ₹17,30,581 |
| 8.6% | ₹9,906 | ₹7,83,098 | ₹17,83,098 |
| 9.1% | ₹10,202 | ₹8,36,403 | ₹18,36,403 |
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 | ₹38,777 | ₹69,754 | ₹1,08,531 | ₹9,61,223 |
| Year 2 | ₹41,622 | ₹66,910 | ₹1,08,531 | ₹9,19,601 |
| Year 3 | ₹44,675 | ₹63,856 | ₹1,08,531 | ₹8,74,926 |
| Year 4 | ₹47,952 | ₹60,579 | ₹1,08,531 | ₹8,26,974 |
| Year 5 | ₹51,470 | ₹57,062 | ₹1,08,531 | ₹7,75,504 |
| Year 6 | ₹55,245 | ₹53,286 | ₹1,08,531 | ₹7,20,259 |
| Year 7 | ₹59,298 | ₹49,233 | ₹1,08,531 | ₹6,60,961 |
| Year 8 | ₹63,648 | ₹44,883 | ₹1,08,531 | ₹5,97,313 |
| Year 9 | ₹68,317 | ₹40,214 | ₹1,08,531 | ₹5,28,996 |
| Year 10 | ₹73,328 | ₹35,203 | ₹1,08,531 | ₹4,55,668 |
| Year 11 | ₹78,708 | ₹29,824 | ₹1,08,531 | ₹3,76,960 |
| Year 12 | ₹84,481 | ₹24,050 | ₹1,08,531 | ₹2,92,479 |
| Year 13 | ₹90,678 | ₹17,853 | ₹1,08,531 | ₹2,01,801 |
| Year 14 | ₹97,330 | ₹11,201 | ₹1,08,531 | ₹1,04,470 |
| Year 15 | ₹1,04,470 | ₹4,061 | ₹1,08,531 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Punjab National Bank education loan for 15 years?
At Punjab National Bank's starting rate of 7.1% the EMI is about ₹9,044 a month. If your offered rate is 8.1% it would be about ₹9,614.
How much total interest will I pay?
At 7.1% the total interest over 15 years is about ₹6,27,971, so you repay about ₹16,27,971 in all.