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Punjab National Bank ₹20 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 7.1%, the EMI is about ₹18,089 a month, with total interest of about ₹12,55,942.
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) | ₹18,089 | ₹12,55,942 | ₹32,55,942 |
| 7.6% | ₹18,654 | ₹13,57,735 | ₹33,57,735 |
| 8.1% | ₹19,229 | ₹14,61,162 | ₹34,61,162 |
| 8.6% | ₹19,812 | ₹15,66,196 | ₹35,66,196 |
| 9.1% | ₹20,404 | ₹16,72,806 | ₹36,72,806 |
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 | ₹77,554 | ₹1,39,509 | ₹2,17,063 | ₹19,22,446 |
| Year 2 | ₹83,243 | ₹1,33,819 | ₹2,17,063 | ₹18,39,202 |
| Year 3 | ₹89,350 | ₹1,27,713 | ₹2,17,063 | ₹17,49,852 |
| Year 4 | ₹95,904 | ₹1,21,159 | ₹2,17,063 | ₹16,53,948 |
| Year 5 | ₹1,02,939 | ₹1,14,123 | ₹2,17,063 | ₹15,51,009 |
| Year 6 | ₹1,10,491 | ₹1,06,572 | ₹2,17,063 | ₹14,40,518 |
| Year 7 | ₹1,18,596 | ₹98,467 | ₹2,17,063 | ₹13,21,922 |
| Year 8 | ₹1,27,296 | ₹89,767 | ₹2,17,063 | ₹11,94,626 |
| Year 9 | ₹1,36,634 | ₹80,429 | ₹2,17,063 | ₹10,57,992 |
| Year 10 | ₹1,46,657 | ₹70,406 | ₹2,17,063 | ₹9,11,336 |
| Year 11 | ₹1,57,415 | ₹59,648 | ₹2,17,063 | ₹7,53,921 |
| Year 12 | ₹1,68,962 | ₹48,100 | ₹2,17,063 | ₹5,84,958 |
| Year 13 | ₹1,81,357 | ₹35,706 | ₹2,17,063 | ₹4,03,601 |
| Year 14 | ₹1,94,661 | ₹22,402 | ₹2,17,063 | ₹2,08,940 |
| Year 15 | ₹2,08,940 | ₹8,122 | ₹2,17,063 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Punjab National Bank education loan for 15 years?
At Punjab National Bank's starting rate of 7.1% the EMI is about ₹18,089 a month. If your offered rate is 8.1% it would be about ₹19,229.
How much total interest will I pay?
At 7.1% the total interest over 15 years is about ₹12,55,942, so you repay about ₹32,55,942 in all.