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Union Bank of India ₹20 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 7.35%, the EMI is about ₹23,584 a month, with total interest of about ₹8,30,089.
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) | ₹23,584 | ₹8,30,089 | ₹28,30,089 |
| 7.85% | ₹24,107 | ₹8,92,875 | ₹28,92,875 |
| 8.35% | ₹24,637 | ₹9,56,437 | ₹29,56,437 |
| 8.85% | ₹25,173 | ₹10,20,770 | ₹30,20,770 |
| 9.35% | ₹25,716 | ₹10,85,865 | ₹30,85,865 |
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 | ₹1,40,685 | ₹1,42,323 | ₹2,83,009 | ₹18,59,315 |
| Year 2 | ₹1,51,381 | ₹1,31,627 | ₹2,83,009 | ₹17,07,933 |
| Year 3 | ₹1,62,891 | ₹1,20,118 | ₹2,83,009 | ₹15,45,043 |
| Year 4 | ₹1,75,275 | ₹1,07,734 | ₹2,83,009 | ₹13,69,768 |
| Year 5 | ₹1,88,600 | ₹94,409 | ₹2,83,009 | ₹11,81,168 |
| Year 6 | ₹2,02,939 | ₹80,070 | ₹2,83,009 | ₹9,78,228 |
| Year 7 | ₹2,18,368 | ₹64,641 | ₹2,83,009 | ₹7,59,860 |
| Year 8 | ₹2,34,970 | ₹48,039 | ₹2,83,009 | ₹5,24,890 |
| Year 9 | ₹2,52,834 | ₹30,175 | ₹2,83,009 | ₹2,72,056 |
| Year 10 | ₹2,72,056 | ₹10,952 | ₹2,83,009 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 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 ₹23,584 a month. If your offered rate is 8.35% it would be about ₹24,637.
How much total interest will I pay?
At 7.35% the total interest over 10 years is about ₹8,30,089, so you repay about ₹28,30,089 in all.