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Home › Education Loan › Union Bank of India

Union Bank of India Education Loan Interest Rate November 2026

Updated 2 November 2026Rates from official bank websitesHow we check rates

Union Bank of India advertises education loan rates starting from 7.35% per annum. For ₹20 lakh over 10 years that is an EMI of about ₹23,584 a month.

Starting rate7.35%per annum
EMI per month₹23,584₹20 lakh, 10 years
Total interest₹8,30,089over the full term
Max tenuren/aas stated by the bank

Union Bank education loan rates and charges

Starting interest rate7.35% per annum
Applies toAAA-category institutions under PM Vidyalaxmi, and ISB; other loans up to ₹7.5 lakh 10.25% (9.75% for women)
Effective from8 October 2026
Processing feeNot stated on the page we checked
PrepaymentNot stated on the page we checked
Maximum tenureNot stated on the page we checked

Source: Union 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.

Union Bank education loan EMI calculator

Prepayment options (optional): pay extra to finish sooner

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₹10 lakh for 7 years₹10 lakh for 10 years₹10 lakh for 15 years₹20 lakh for 7 years₹20 lakh for 10 years₹20 lakh for 15 years₹30 lakh for 7 years₹30 lakh for 10 years₹30 lakh for 15 years

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Frequently asked questions

What is the Union Bank of India education loan interest rate?

Union Bank of India's website advertises education loan rates starting from 7.35% per annum (checked 2026-11-02). The rate you get depends on your credit score, income and loan amount.

What is the EMI on a ₹20 lakh education loan from Union Bank of India?

At the starting rate of 7.35% over 10 years the EMI is about ₹23,584 a month, with total interest of about ₹8,30,089. A higher personal rate would raise this.

What is the processing fee for a Union Bank of India education loan?

The Union Bank of India page we checked did not state a processing fee. Please confirm it with the bank's fee schedule before applying.

Does Union Bank of India charge prepayment charges on a education loan?

The page we checked did not state prepayment terms. Please confirm with the bank.

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