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Union Bank of India ₹10 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 7.35%, the EMI is about ₹11,792 a month, with total interest of about ₹4,15,044.
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.
Prepayment options (optional): pay extra to finish sooner
EMI at higher rates
| Rate | EMI | Total interest | Total payment |
|---|---|---|---|
| 7.35% (starting) | ₹11,792 | ₹4,15,044 | ₹14,15,044 |
| 7.85% | ₹12,054 | ₹4,46,437 | ₹14,46,437 |
| 8.35% | ₹12,318 | ₹4,78,219 | ₹14,78,219 |
| 8.85% | ₹12,587 | ₹5,10,385 | ₹15,10,385 |
| 9.35% | ₹12,858 | ₹5,42,933 | ₹15,42,933 |
Year-by-year repayment schedule at 7.35%
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 | ₹70,343 | ₹71,162 | ₹1,41,504 | ₹9,29,657 |
| Year 2 | ₹75,691 | ₹65,814 | ₹1,41,504 | ₹8,53,967 |
| Year 3 | ₹81,445 | ₹60,059 | ₹1,41,504 | ₹7,72,521 |
| Year 4 | ₹87,637 | ₹53,867 | ₹1,41,504 | ₹6,84,884 |
| Year 5 | ₹94,300 | ₹47,204 | ₹1,41,504 | ₹5,90,584 |
| Year 6 | ₹1,01,470 | ₹40,035 | ₹1,41,504 | ₹4,89,114 |
| Year 7 | ₹1,09,184 | ₹32,320 | ₹1,41,504 | ₹3,79,930 |
| Year 8 | ₹1,17,485 | ₹24,019 | ₹1,41,504 | ₹2,62,445 |
| Year 9 | ₹1,26,417 | ₹15,087 | ₹1,41,504 | ₹1,36,028 |
| Year 10 | ₹1,36,028 | ₹5,476 | ₹1,41,504 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Union Bank of India education loan for 10 years?
At Union Bank of India's starting rate of 7.35% the EMI is about ₹11,792 a month. If your offered rate is 8.35% it would be about ₹12,318.
How much total interest will I pay?
At 7.35% the total interest over 10 years is about ₹4,15,044, so you repay about ₹14,15,044 in all.