EMI: ₹41,116/month at 9.7%. Min income: ₹82,232/month.
A ₹25 Lakh education loan from Axis Bank at 9.7% interest for 7 years will cost you ₹41,116 per month as EMI. You will pay a total interest of ₹9,53,744 over the loan tenure. The minimum monthly income needed is ₹82,232 (assuming no existing EMIs).
Axis Bank Education Loan EMI for ₹25 Lakh at 9.7% for 7 years is ₹41,116 per month.
You need a minimum monthly income of ₹82,232 for a ₹25 Lakh education loan from Axis Bank (at 9.7% rate, assuming no existing EMIs).
The total interest payable on ₹25 Lakh education loan from Axis Bank at 9.7% for 7 years is ₹9,53,744.
Axis Bank charges a processing fee of Nil for Education Loan.
Axis Bank Education Loan prepayment policy: Nil.