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State Bank of India ₹30 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 7%, the EMI is about ₹26,965 a month, with total interest of about ₹18,53,673.
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) | ₹26,965 | ₹18,53,673 | ₹48,53,673 |
| 7.5% | ₹27,810 | ₹20,05,867 | ₹50,05,867 |
| 8% | ₹28,670 | ₹21,60,521 | ₹51,60,521 |
| 8.5% | ₹29,542 | ₹23,17,594 | ₹53,17,594 |
| 9% | ₹30,428 | ₹24,77,040 | ₹54,77,040 |
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 | ₹1,17,294 | ₹2,06,284 | ₹3,23,578 | ₹28,82,706 |
| Year 2 | ₹1,25,773 | ₹1,97,805 | ₹3,23,578 | ₹27,56,933 |
| Year 3 | ₹1,34,865 | ₹1,88,713 | ₹3,23,578 | ₹26,22,068 |
| Year 4 | ₹1,44,615 | ₹1,78,963 | ₹3,23,578 | ₹24,77,453 |
| Year 5 | ₹1,55,069 | ₹1,68,509 | ₹3,23,578 | ₹23,22,384 |
| Year 6 | ₹1,66,279 | ₹1,57,299 | ₹3,23,578 | ₹21,56,105 |
| Year 7 | ₹1,78,299 | ₹1,45,279 | ₹3,23,578 | ₹19,77,806 |
| Year 8 | ₹1,91,188 | ₹1,32,390 | ₹3,23,578 | ₹17,86,618 |
| Year 9 | ₹2,05,009 | ₹1,18,569 | ₹3,23,578 | ₹15,81,608 |
| Year 10 | ₹2,19,830 | ₹1,03,749 | ₹3,23,578 | ₹13,61,779 |
| Year 11 | ₹2,35,721 | ₹87,857 | ₹3,23,578 | ₹11,26,057 |
| Year 12 | ₹2,52,761 | ₹70,817 | ₹3,23,578 | ₹8,73,296 |
| Year 13 | ₹2,71,034 | ₹52,545 | ₹3,23,578 | ₹6,02,263 |
| Year 14 | ₹2,90,627 | ₹32,952 | ₹3,23,578 | ₹3,11,636 |
| Year 15 | ₹3,11,636 | ₹11,942 | ₹3,23,578 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 lakh State Bank of India education loan for 15 years?
At State Bank of India's starting rate of 7% the EMI is about ₹26,965 a month. If your offered rate is 8% it would be about ₹28,670.
How much total interest will I pay?
At 7% the total interest over 15 years is about ₹18,53,673, so you repay about ₹48,53,673 in all.