EMI: ₹12,357/month at 12%. Min income: ₹24,714/month.
A ₹7 Lakh education loan from Bandhan Bank at 12% interest for 7 years will cost you ₹12,357 per month as EMI. You will pay a total interest of ₹3,37,988 over the loan tenure. The minimum monthly income needed is ₹24,714 (assuming no existing EMIs).
Bandhan Bank Education Loan EMI for ₹7 Lakh at 12% for 7 years is ₹12,357 per month.
You need a minimum monthly income of ₹24,714 for a ₹7 Lakh education loan from Bandhan Bank (at 12% rate, assuming no existing EMIs).
The total interest payable on ₹7 Lakh education loan from Bandhan Bank at 12% for 7 years is ₹3,37,988.
Bandhan Bank charges a processing fee of 1% + GST for Education Loan.
Bandhan Bank Education Loan prepayment policy: Nil.