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Union Bank of India ₹10 lakh Education Loan EMI for 7 Years
At the advertised starting rate of 7.35%, the EMI is about ₹15,264 a month, with total interest of about ₹2,82,205.
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) | ₹15,264 | ₹2,82,205 | ₹12,82,205 |
| 7.85% | ₹15,512 | ₹3,02,973 | ₹13,02,973 |
| 8.35% | ₹15,761 | ₹3,23,937 | ₹13,23,937 |
| 8.85% | ₹16,013 | ₹3,45,097 | ₹13,45,097 |
| 9.35% | ₹16,267 | ₹3,66,451 | ₹13,66,451 |
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 | ₹1,13,443 | ₹69,729 | ₹1,83,172 | ₹8,86,557 |
| Year 2 | ₹1,22,068 | ₹61,104 | ₹1,83,172 | ₹7,64,489 |
| Year 3 | ₹1,31,349 | ₹51,824 | ₹1,83,172 | ₹6,33,140 |
| Year 4 | ₹1,41,335 | ₹41,838 | ₹1,83,172 | ₹4,91,805 |
| Year 5 | ₹1,52,080 | ₹31,092 | ₹1,83,172 | ₹3,39,726 |
| Year 6 | ₹1,63,642 | ₹19,530 | ₹1,83,172 | ₹1,76,083 |
| Year 7 | ₹1,76,083 | ₹7,089 | ₹1,83,172 | ₹0 |
Frequently asked questions
What is the EMI for a ₹10 lakh Union Bank of India education loan for 7 years?
At Union Bank of India's starting rate of 7.35% the EMI is about ₹15,264 a month. If your offered rate is 8.35% it would be about ₹15,761.
How much total interest will I pay?
At 7.35% the total interest over 7 years is about ₹2,82,205, so you repay about ₹12,82,205 in all.