Check your Central Bank education loan eligibility. Rate: 8.15 - 10.65% p.a. Max amount: ₹1 Cr.
Central Bank of India offers education loan at an interest rate of 8.15 - 10.65% p.a. with a maximum tenure of 15 years. The maximum loan amount is ₹1 Cr with a minimum monthly income requirement of ₹15,000.
| Loan Amount | Monthly EMI | Total Interest | Min Income Required |
|---|---|---|---|
| ₹5 Lakh | ₹7,831 | ₹1,57,804 | ₹15,060/mo |
| ₹7 Lakh | ₹10,963 | ₹2,20,892 | ₹21,083/mo |
| ₹10 Lakh | ₹15,661 | ₹3,15,524 | ₹30,118/mo |
| ₹15 Lakh | ₹23,492 | ₹4,73,328 | ₹45,177/mo |
| ₹20 Lakh | ₹31,322 | ₹6,31,048 | ₹60,235/mo |
| ₹25 Lakh | ₹39,153 | ₹7,88,852 | ₹75,295/mo |
| ₹30 Lakh | ₹46,983 | ₹9,46,572 | ₹90,352/mo |
| ₹40 Lakh | ₹62,644 | ₹12,62,096 | ₹1,20,470/mo |
Central Bank Education Loan interest rate ranges from 8.15 - 10.65% p.a. in 2026. The actual rate depends on your credit score, income, and loan amount.
Central Bank offers a maximum education loan of ₹1 Cr with a tenure of up to 15 years.
The processing fee for Central Bank Education Loan is Nil.
Central Bank Education Loan prepayment policy: Nil.
The minimum monthly income required is ₹15,000. Use the calculator above to check your exact eligibility based on your income.