EMI: ₹26,479/month at 12%. Min income: ₹52,958/month.
A ₹15 Lakh education loan from Bandhan Bank at 12% interest for 7 years will cost you ₹26,479 per month as EMI. You will pay a total interest of ₹7,24,236 over the loan tenure. The minimum monthly income needed is ₹52,958 (assuming no existing EMIs).
Bandhan Bank Education Loan EMI for ₹15 Lakh at 12% for 7 years is ₹26,479 per month.
You need a minimum monthly income of ₹52,958 for a ₹15 Lakh education loan from Bandhan Bank (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹15 Lakh education loan from Bandhan Bank at 12% for 7 years is ₹7,24,236.
Bandhan Bank charges a processing fee of 1% + GST for Education Loan.
Bandhan Bank Education Loan prepayment policy: Nil.