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Union Bank of India ₹20 lakh Education Loan EMI for 15 Years
At the advertised starting rate of 7.35%, the EMI is about ₹18,370 a month, with total interest of about ₹13,06,632.
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) | ₹18,370 | ₹13,06,632 | ₹33,06,632 |
| 7.85% | ₹18,940 | ₹14,09,246 | ₹34,09,246 |
| 8.35% | ₹19,519 | ₹15,13,480 | ₹35,13,480 |
| 8.85% | ₹20,107 | ₹16,19,306 | ₹36,19,306 |
| 9.35% | ₹20,704 | ₹17,26,693 | ₹37,26,693 |
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 | ₹75,967 | ₹1,44,475 | ₹2,20,442 | ₹19,24,033 |
| Year 2 | ₹81,743 | ₹1,38,699 | ₹2,20,442 | ₹18,42,290 |
| Year 3 | ₹87,958 | ₹1,32,484 | ₹2,20,442 | ₹17,54,332 |
| Year 4 | ₹94,645 | ₹1,25,797 | ₹2,20,442 | ₹16,59,687 |
| Year 5 | ₹1,01,841 | ₹1,18,602 | ₹2,20,442 | ₹15,57,846 |
| Year 6 | ₹1,09,583 | ₹1,10,859 | ₹2,20,442 | ₹14,48,263 |
| Year 7 | ₹1,17,915 | ₹1,02,528 | ₹2,20,442 | ₹13,30,349 |
| Year 8 | ₹1,26,879 | ₹93,563 | ₹2,20,442 | ₹12,03,469 |
| Year 9 | ₹1,36,526 | ₹83,917 | ₹2,20,442 | ₹10,66,944 |
| Year 10 | ₹1,46,905 | ₹73,537 | ₹2,20,442 | ₹9,20,039 |
| Year 11 | ₹1,58,074 | ₹62,368 | ₹2,20,442 | ₹7,61,965 |
| Year 12 | ₹1,70,092 | ₹50,350 | ₹2,20,442 | ₹5,91,873 |
| Year 13 | ₹1,83,024 | ₹37,419 | ₹2,20,442 | ₹4,08,849 |
| Year 14 | ₹1,96,938 | ₹23,504 | ₹2,20,442 | ₹2,11,911 |
| Year 15 | ₹2,11,911 | ₹8,531 | ₹2,20,442 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 lakh Union Bank of India education loan for 15 years?
At Union Bank of India's starting rate of 7.35% the EMI is about ₹18,370 a month. If your offered rate is 8.35% it would be about ₹19,519.
How much total interest will I pay?
At 7.35% the total interest over 15 years is about ₹13,06,632, so you repay about ₹33,06,632 in all.