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Union Bank of India ₹30 lakh Education Loan EMI for 7 Years
At the advertised starting rate of 7.35%, the EMI is about ₹45,793 a month, with total interest of about ₹8,46,616.
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) | ₹45,793 | ₹8,46,616 | ₹38,46,616 |
| 7.85% | ₹46,535 | ₹9,08,920 | ₹39,08,920 |
| 8.35% | ₹47,283 | ₹9,71,812 | ₹39,71,812 |
| 8.85% | ₹48,039 | ₹10,35,290 | ₹40,35,290 |
| 9.35% | ₹48,802 | ₹10,99,352 | ₹40,99,352 |
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 | ₹3,40,330 | ₹2,09,187 | ₹5,49,517 | ₹26,59,670 |
| Year 2 | ₹3,66,204 | ₹1,83,312 | ₹5,49,517 | ₹22,93,466 |
| Year 3 | ₹3,94,046 | ₹1,55,471 | ₹5,49,517 | ₹18,99,420 |
| Year 4 | ₹4,24,004 | ₹1,25,513 | ₹5,49,517 | ₹14,75,416 |
| Year 5 | ₹4,56,240 | ₹93,277 | ₹5,49,517 | ₹10,19,177 |
| Year 6 | ₹4,90,926 | ₹58,590 | ₹5,49,517 | ₹5,28,250 |
| Year 7 | ₹5,28,250 | ₹21,266 | ₹5,49,517 | ₹0 |
Frequently asked questions
What is the EMI for a ₹30 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 ₹45,793 a month. If your offered rate is 8.35% it would be about ₹47,283.
How much total interest will I pay?
At 7.35% the total interest over 7 years is about ₹8,46,616, so you repay about ₹38,46,616 in all.