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Punjab National Bank ₹10 lakh Education Loan EMI for 7 Years
At the advertised starting rate of 7.1%, the EMI is about ₹15,142 a month, with total interest of about ₹2,71,895.
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) | ₹15,142 | ₹2,71,895 | ₹12,71,895 |
| 7.6% | ₹15,388 | ₹2,92,565 | ₹12,92,565 |
| 8.1% | ₹15,636 | ₹3,13,431 | ₹13,13,431 |
| 8.6% | ₹15,887 | ₹3,34,493 | ₹13,34,493 |
| 9.1% | ₹16,140 | ₹3,55,749 | ₹13,55,749 |
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 | ₹1,14,374 | ₹67,326 | ₹1,81,699 | ₹8,85,626 |
| Year 2 | ₹1,22,764 | ₹58,936 | ₹1,81,699 | ₹7,62,863 |
| Year 3 | ₹1,31,769 | ₹49,930 | ₹1,81,699 | ₹6,31,093 |
| Year 4 | ₹1,41,435 | ₹40,264 | ₹1,81,699 | ₹4,89,658 |
| Year 5 | ₹1,51,811 | ₹29,889 | ₹1,81,699 | ₹3,37,847 |
| Year 6 | ₹1,62,947 | ₹18,752 | ₹1,81,699 | ₹1,74,900 |
| Year 7 | ₹1,74,900 | ₹6,799 | ₹1,81,699 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Punjab National Bank education loan for 7 years?
At Punjab National Bank's starting rate of 7.1% the EMI is about ₹15,142 a month. If your offered rate is 8.1% it would be about ₹15,636.
How much total interest will I pay?
At 7.1% the total interest over 7 years is about ₹2,71,895, so you repay about ₹12,71,895 in all.