EMI: ₹8,826/month at 12%. Min income: ₹17,652/month.
A ₹5 Lakh education loan from Bandhan Bank at 12% interest for 7 years will cost you ₹8,826 per month as EMI. You will pay a total interest of ₹2,41,384 over the loan tenure. The minimum monthly income needed is ₹17,652 (assuming no existing EMIs).
Bandhan Bank Education Loan EMI for ₹5 Lakh at 12% for 7 years is ₹8,826 per month.
You need a minimum monthly income of ₹17,652 for a ₹5 Lakh education loan from Bandhan Bank (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹5 Lakh education loan from Bandhan Bank at 12% for 7 years is ₹2,41,384.
Bandhan Bank charges a processing fee of 1% + GST for Education Loan.
Bandhan Bank Education Loan prepayment policy: Nil.