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Punjab National Bank ₹20 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 7.1%, the EMI is about ₹23,325 a month, with total interest of about ₹7,98,989.
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) | ₹23,325 | ₹7,98,989 | ₹27,98,989 |
| 7.6% | ₹23,845 | ₹8,61,384 | ₹28,61,384 |
| 8.1% | ₹24,371 | ₹9,24,559 | ₹29,24,559 |
| 8.6% | ₹24,904 | ₹9,88,508 | ₹29,88,508 |
| 9.1% | ₹25,444 | ₹10,53,222 | ₹30,53,222 |
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 | ₹1,42,476 | ₹1,37,423 | ₹2,79,899 | ₹18,57,524 |
| Year 2 | ₹1,52,928 | ₹1,26,971 | ₹2,79,899 | ₹17,04,596 |
| Year 3 | ₹1,64,146 | ₹1,15,753 | ₹2,79,899 | ₹15,40,451 |
| Year 4 | ₹1,76,187 | ₹1,03,712 | ₹2,79,899 | ₹13,64,264 |
| Year 5 | ₹1,89,111 | ₹90,787 | ₹2,79,899 | ₹11,75,152 |
| Year 6 | ₹2,02,984 | ₹76,915 | ₹2,79,899 | ₹9,72,168 |
| Year 7 | ₹2,17,874 | ₹62,025 | ₹2,79,899 | ₹7,54,294 |
| Year 8 | ₹2,33,857 | ₹46,042 | ₹2,79,899 | ₹5,20,437 |
| Year 9 | ₹2,51,012 | ₹28,887 | ₹2,79,899 | ₹2,69,425 |
| Year 10 | ₹2,69,425 | ₹10,474 | ₹2,79,899 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Punjab National Bank education loan for 10 years?
At Punjab National Bank's starting rate of 7.1% the EMI is about ₹23,325 a month. If your offered rate is 8.1% it would be about ₹24,371.
How much total interest will I pay?
At 7.1% the total interest over 10 years is about ₹7,98,989, so you repay about ₹27,98,989 in all.