EMI: ₹35,305/month at 12%. Min income: ₹70,610/month.
A ₹20 Lakh education loan from Bandhan Bank at 12% interest for 7 years will cost you ₹35,305 per month as EMI. You will pay a total interest of ₹9,65,620 over the loan tenure. The minimum monthly income needed is ₹70,610 (assuming no existing EMIs).
Bandhan Bank Education Loan EMI for ₹20 Lakh at 12% for 7 years is ₹35,305 per month.
You need a minimum monthly income of ₹70,610 for a ₹20 Lakh education loan from Bandhan Bank (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹20 Lakh education loan from Bandhan Bank at 12% for 7 years is ₹9,65,620.
Bandhan Bank charges a processing fee of 1% + GST for Education Loan.
Bandhan Bank Education Loan prepayment policy: Nil.