Calculate your monthly EMI for ₹50 Lakh education loan. Compare interest rates across all major Indian banks.
| Year | Principal | Interest | Balance |
|---|
Planning a ₹50 Lakh education loan? The monthly EMI varies based on the interest rate and tenure. At an average rate of 9.16% for 7 years, your EMI would be approximately ₹80,852 per month.
For ₹50 Lakh · Tenure: 7 years
| Bank | Interest Rate | Monthly EMI | Total Interest |
|---|---|---|---|
| Bank of Baroda | 7.95 - 10.45% | ₹77,807 | ₹15,35,788 |
| Canara Bank | 8.00 - 10.75% | ₹77,931 | ₹15,46,204 |
| Indian Bank | 8.00 - 10.30% | ₹77,931 | ₹15,46,204 |
| Union Bank | 8.05 - 10.60% | ₹78,056 | ₹15,56,704 |
| PNB | 8.10 - 10.90% | ₹78,180 | ₹15,67,120 |
| Bank of India | 8.10 - 10.85% | ₹78,180 | ₹15,67,120 |
| SBI | 8.15 - 10.70% | ₹78,305 | ₹15,77,620 |
| Central Bank | 8.15 - 10.65% | ₹78,305 | ₹15,77,620 |
| IDBI Bank | 8.25 - 11.25% | ₹78,555 | ₹15,98,620 |
| HDFC Bank | 9.00 - 13.68% | ₹80,445 | ₹17,57,380 |
| South Indian Bank | 9.15 - 12.00% | ₹80,827 | ₹17,89,468 |
| ICICI Bank | 9.25 - 13.00% | ₹81,081 | ₹18,10,804 |
| Karur Vysya Bank | 9.50 - 12.50% | ₹81,720 | ₹18,64,480 |
| Axis Bank | 9.70 - 13.70% | ₹82,233 | ₹19,07,572 |
| Federal Bank | 9.85 - 12.50% | ₹82,619 | ₹19,39,996 |
The EMI for ₹50 Lakh Education Loan depends on the interest rate and tenure. At 9% for 7 years, the EMI is approximately ₹80,445 per month. Use the calculator above for exact values.
Interest rates vary across banks. Public sector banks like SBI, Bank of Baroda, and PNB generally offer lower rates for Education Loan. Compare EMIs across all banks using the comparison table on this page.
At 9% for 7 years, total interest on ₹50 Lakh Education Loan would be approximately ₹17,57,380. A shorter tenure significantly reduces total interest paid.
The ideal tenure depends on your monthly budget. A shorter tenure means higher EMI but lower total interest. For ₹50 Lakh at 9%, EMI ranges from ₹1,03,792 (5 years) to ₹80,445 (7 years).
Most banks allow prepayment on floating rate Education Loans without any penalty. For fixed rate loans, banks may charge 2-4% of the outstanding amount. Making partial prepayments can save you significant interest over the loan tenure.