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State Bank of India ₹30 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 7%, the EMI is about ₹34,833 a month, with total interest of about ₹11,79,905.
Source: State Bank of India 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% (starting) | ₹34,833 | ₹11,79,905 | ₹41,79,905 |
| 7.5% | ₹35,611 | ₹12,73,264 | ₹42,73,264 |
| 8% | ₹36,398 | ₹13,67,793 | ₹43,67,793 |
| 8.5% | ₹37,196 | ₹14,63,485 | ₹44,63,485 |
| 9% | ₹38,003 | ₹15,60,328 | ₹45,60,328 |
Year-by-year repayment schedule at 7%
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 | ₹2,14,795 | ₹2,03,195 | ₹4,17,991 | ₹27,85,205 |
| Year 2 | ₹2,30,323 | ₹1,87,668 | ₹4,17,991 | ₹25,54,882 |
| Year 3 | ₹2,46,973 | ₹1,71,018 | ₹4,17,991 | ₹23,07,910 |
| Year 4 | ₹2,64,826 | ₹1,53,164 | ₹4,17,991 | ₹20,43,083 |
| Year 5 | ₹2,83,971 | ₹1,34,020 | ₹4,17,991 | ₹17,59,113 |
| Year 6 | ₹3,04,499 | ₹1,13,492 | ₹4,17,991 | ₹14,54,614 |
| Year 7 | ₹3,26,511 | ₹91,479 | ₹4,17,991 | ₹11,28,103 |
| Year 8 | ₹3,50,115 | ₹67,876 | ₹4,17,991 | ₹7,77,988 |
| Year 9 | ₹3,75,424 | ₹42,566 | ₹4,17,991 | ₹4,02,564 |
| Year 10 | ₹4,02,564 | ₹15,427 | ₹4,17,991 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh State Bank of India education loan for 10 years?
At State Bank of India's starting rate of 7% the EMI is about ₹34,833 a month. If your offered rate is 8% it would be about ₹36,398.
How much total interest will I pay?
At 7% the total interest over 10 years is about ₹11,79,905, so you repay about ₹41,79,905 in all.