EMI: ₹11,513/month at 9.7%. Min income: ₹23,026/month.
A ₹7 Lakh education loan from Axis Bank at 9.7% interest for 7 years will cost you ₹11,513 per month as EMI. You will pay a total interest of ₹2,67,092 over the loan tenure. The minimum monthly income needed is ₹23,026 (assuming no existing EMIs).
Axis Bank Education Loan EMI for ₹7 Lakh at 9.7% for 7 years is ₹11,513 per month.
You need a minimum monthly income of ₹23,026 for a ₹7 Lakh education loan from Axis Bank (at 9.7% rate, assuming no existing EMIs).
The total interest payable on ₹7 Lakh education loan from Axis Bank at 9.7% for 7 years is ₹2,67,092.
Axis Bank charges a processing fee of Nil for Education Loan.
Axis Bank Education Loan prepayment policy: Nil.