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Union Bank of India ₹30 lakh Education Loan EMI for 10 Years
At the advertised starting rate of 7.35%, the EMI is about ₹35,376 a month, with total interest of about ₹12,45,133.
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) | ₹35,376 | ₹12,45,133 | ₹42,45,133 |
| 7.85% | ₹36,161 | ₹13,39,312 | ₹43,39,312 |
| 8.35% | ₹36,955 | ₹14,34,656 | ₹44,34,656 |
| 8.85% | ₹37,760 | ₹15,31,155 | ₹45,31,155 |
| 9.35% | ₹38,573 | ₹16,28,798 | ₹46,28,798 |
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 | ₹2,11,028 | ₹2,13,485 | ₹4,24,513 | ₹27,88,972 |
| Year 2 | ₹2,27,072 | ₹1,97,441 | ₹4,24,513 | ₹25,61,900 |
| Year 3 | ₹2,44,336 | ₹1,80,177 | ₹4,24,513 | ₹23,17,564 |
| Year 4 | ₹2,62,912 | ₹1,61,601 | ₹4,24,513 | ₹20,54,652 |
| Year 5 | ₹2,82,901 | ₹1,41,613 | ₹4,24,513 | ₹17,71,751 |
| Year 6 | ₹3,04,409 | ₹1,20,105 | ₹4,24,513 | ₹14,67,343 |
| Year 7 | ₹3,27,552 | ₹96,961 | ₹4,24,513 | ₹11,39,791 |
| Year 8 | ₹3,52,455 | ₹72,058 | ₹4,24,513 | ₹7,87,336 |
| Year 9 | ₹3,79,251 | ₹45,262 | ₹4,24,513 | ₹4,08,085 |
| Year 10 | ₹4,08,085 | ₹16,429 | ₹4,24,513 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 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 ₹35,376 a month. If your offered rate is 8.35% it would be about ₹36,955.
How much total interest will I pay?
At 7.35% the total interest over 10 years is about ₹12,45,133, so you repay about ₹42,45,133 in all.