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Union Bank of India ₹20 lakh Education Loan EMI for 7 Years
At the advertised starting rate of 7.35%, the EMI is about ₹30,529 a month, with total interest of about ₹5,64,411.
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) | ₹30,529 | ₹5,64,411 | ₹25,64,411 |
| 7.85% | ₹31,023 | ₹6,05,947 | ₹26,05,947 |
| 8.35% | ₹31,522 | ₹6,47,875 | ₹26,47,875 |
| 8.85% | ₹32,026 | ₹6,90,194 | ₹26,90,194 |
| 9.35% | ₹32,535 | ₹7,32,901 | ₹27,32,901 |
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 | ₹2,26,887 | ₹1,39,458 | ₹3,66,344 | ₹17,73,113 |
| Year 2 | ₹2,44,136 | ₹1,22,208 | ₹3,66,344 | ₹15,28,977 |
| Year 3 | ₹2,62,697 | ₹1,03,647 | ₹3,66,344 | ₹12,66,280 |
| Year 4 | ₹2,82,669 | ₹83,675 | ₹3,66,344 | ₹9,83,611 |
| Year 5 | ₹3,04,160 | ₹62,185 | ₹3,66,344 | ₹6,79,451 |
| Year 6 | ₹3,27,284 | ₹39,060 | ₹3,66,344 | ₹3,52,167 |
| Year 7 | ₹3,52,167 | ₹14,178 | ₹3,66,344 | ₹0 |
Frequently asked questions
What is the EMI for a ₹20 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 ₹30,529 a month. If your offered rate is 8.35% it would be about ₹31,522.
How much total interest will I pay?
At 7.35% the total interest over 7 years is about ₹5,64,411, so you repay about ₹25,64,411 in all.